The FDIC ordered banks to prepay three years worth of premiums in order to replenish a weakened FDIC fund, which resulted from the massive bank failures that occurred this year stemming from the recession. The idea was to have these premiums, which amounted to three years worth of payments, on hand so that it...
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The Federal Reserve lowered interest rates in a move to battle the coming recession when signs were clear our nation was heading that in that direction. Since, they have combated the effects of the recession while trying not to drive the value of the dollar down or stunting the growth of the economy.Lately, the...
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Credit cards are in every pocket or purse of the average American. The ease in making purchases or when an emergency arises can all be easily handled by credit cards. However, despite the fact that practically every American own at the very least one credit card there are some issues that arise for card...
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