Tag: Federal Reserve

The Indefatigable March of the Asset Gatherers — The Gallop Home of the Bad Horses

There’s been much talk lately of banks doing away with “free checking.” The banks, the thinking goes, as a direct result of some of the new banking federal regulations stemming from The Great Recession, no longer have the un-checked ability to charge $35 and up as “insufficient funds” penalties (also […]

Of basis points, beeps and bips: the atoms of interest rates

Today I have something short and purely educational for you. Interest rates are in the news today. Greenspan et al. are meeting, and there is unanimous agreement among the punditocracy that he will raise short term interest rates (the only interest rates over which he has much power) by 0.25%. […]