|
||||||
|
|
|
New Hampshire's Community Banks Are Still Pretty Healthy
By Shannon Mullen on Friday, October 3, 2008.
The US House of Representatives today overwhelmingly approved legislation to bailout Wall Street. Lawmakers on both sides of the aisle had predicted dire economic consequences if they didn't take action. Despite the vote, the Dow Jones Industrial Average still dropped more than 150 points today. All these developments in the stock market and the urgency in Washington, have left taxpayers confused and concerned. But here in New Hampshire, some bankers say the way they do business protects their customers from the credit crunch. NHPR correspondent Shannon Mullen has more. About a third of the New Hampshire’s locally owned community banks are “mutual savings banks”. Primeau and the heads of other mutual savings banks say their customers shouldn’t worry about their deposits or the availability of credit. More From NHPR Comments
All comments are moderated before appearing on the site. Comments must adhere to the NHPR.org comment guidelines and terms of use.
Sorry!
_NH - Fri, 10/03/2008 - 18:37
This still does not excuse the 25 new taxes and the possible $500M deficit from our governor who can't string together a coherent sentence when asked a question about his doings with RGGI, SPA, the heating bailout or all the other scandals that have plagued the Democrats under his reign such as mail and phone jamming that was done right from the statehouse.
Community Banks Surviving Recession
ESKCSG - Fri, 11/14/2008 - 18:50
An October survey by the Independent Community Bankers of America reveals that 70% of community banks saw an increase in deposits in the past year. This move has been highly credited to consumers seeking safer, high-yield checking accounts. With tools like Checking Finder (https://www.checkingfinder.com/) that identify community banks that pay up to 7% interest while most major banks and community banks pay nothing, this trend is not surprising. Why bank customers are not demanding reward checking from their bank is beyond me.
capital market regulation
Martyn Strong - Tue, 02/03/2009 - 14:50
Capital markets are unstable. In the past there was no way to make them stable. But today we have computer power that can be used to make them stable. By using the greater computer power of today we can have a much higher turn over of capital in the capital market. This higher turnover will make the market harder to game or control and the market will no longer have the unstable run ups or declines. Who can change or control the market when say 20% of the capital is trading each day. So now that we have the compute power to provide for all these transactions that will smooth out the market how to we force people to turn over at a rate of 20% a day? Easy, put a cap gains tax of 0% (zero) on all gains of 7 days or less and put a cap gains tax of 90% of all gains of more than 7 days. The likes of Yahoo, Micosoft and/or Sun Micro Systems will give us the systems that will provide automated software agents to support turning over one's investments every 7 days (based on the specs you give the agent). A system like this will make the financial markets work as smoothly as the local fruit market. |
Support FromHighlights |