Archive for the 'Bank of America' Category

Debt Issue Suffers Setback on Campaign Trail With Biden as VP Choice

The Democratic Convention is slated to begin this week in Denver and I’m already disappointed about Democratic Presidential Nominee Senator Barack Obama’s choice for his Vice Presidential Candidate - Senator Joseph (Joe) Biden from Delaware.
Delaware is the state of incorporation for most large corporations in the United States because of the perception (whether real or [...]

Credit Card Company Earnings Down - Lending Questioned

It hasn’t been a particularly good month to be a credit card company or a credit card processor.

American Express - Moody’s announced on Thursday that it is reevaluating American Express’ rating because of concerns over its credit card business and lending exposure.  (Details are in Reuters).  Moody’s cited a number of factors in the press [...]