Friday, March 20, 2009
Tuesday, March 17, 2009
Government As A Partner
Iberia Bank is a large bank in the South. They were one of the recipients of the financial rescue funds from the federal government. They really didn't need the funds and now that the public seems to perceive that the banks who take the funds have a problem or two, Iberia is wanting to return the funds to Washington. I think we'll see more of this.
Tuesday, March 10, 2009
Use of a Debit Card
I really like using my debit card. I use it more than any other card in my wallet. When asked whether "debit or credit", I always say "credit". Seems to eliminate the need for a password. One thing to remember: bring your receipt home or back to the office and be sure to enter the transaction in your checkbook.
Wednesday, March 04, 2009
Bailout?
I am a little sensitive about how everyone refers to the so-called bank bailout as some sort of government grant to Banks. Keep in mind that the federal government is getting Preferred Stock in return for the funds distributed to the banks. As such, the government will be paid dividends, and eventually, get all principal repaid. Where else in government are we seeing a return on our investments?
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