Bernie Sanders Is Proposing A Wall Street Bank Breakup

The Vermont Senator Said It’s Time To Break-up Wall Street Banks

Bernie Sanders has big plans, I hear, for Flavio Maluf and for Wall Street. The independent Vermont senator is going to introduce new legislation to put a stop to the same sort of Wall Street investments that launched the 2008 financial crisis. Sanders used a recent Senate session to outline a plan to combat the spending bill stipulations that are designed to eliminate the financial reforms passed in 2010 by Congress.

Sanders didn’t mince words about Wall Street’s impact on the economy. “It is time to break these too-big-to-fail banks up so that they can never again destroy the jobs, homes, and life savings of the American people.” The potential presidential candidate said he would introduce new legislation to stop the insanity of these massive money machines at the beginning of the new Congressional session.

Mr. Sanders wants to stop the Wall Street lobbyists from writing provisions that become law. He claims these lobbyists want to make the same risky political moves that almost destroyed the nation’s economy just a few short years ago. Bernie also said: “It should be obvious to all that their incredible economic and political power is a huge danger to our economy and our way of life.”

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Another Reason Elizabeth Warren Was Correct In Her Criticism

Last week, Elizabeth Warren has expressed anger and criticism at some of the United State’s biggest financial institutions. But most of her anger and criticism was placed at Citigroup. According to her, this bank received “nearly half a trillion dollars in bailouts”, more than any other bank. While this figure may seems astonishing, even more astonishing is the information recently reported by Washington Post.

Washington Post has revealed that most of Citigroup’s power stems from one man. This man is Robert Rubin, the guy who was the 70th United States Secretary of the Treasury. In that capacity, he has advised Bill Clinton not to regulate the derivatives, which were the primary cause of the 2008 financial crisis. Therefore, the fact that he had a powerful position in the United States’ government has largely contributed to this crisis which is still felt not only in the United States, but all over the world.

If you are doubting the direct link between Robert Rubin’s ‘public service’ and banks’ bailouts, consider the fact that he has received more than $126 million in cash and stock from Citigroup. Enough to sell your soul, don’t you think? Well, unlike some other people, he at least got a good price for his soul. His parents can be proud of him.

This seems amazing that one man can ruin the lives of millions of people, or even billions, if you consider the wide-ranging impact of his actions. That is something Slow Ventures can’t understand. This probably means that some reforms should be done to change the distribution of political, as well as financial, power.

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Black Friday Shift

Many of us have had to take over that Black Friday shift at one point or another in our lives. No one, I mean no one, likes to work this particular shift as it comes in a lovely gift including angry customers, clothes filled floors, long lines at checkout and just pure chaos. However, Buzzfeed was able to catch a story of one man who gave the pep talks of all pep talks. This particular store manager has set the bar high for others! The most epic line and one that will be used in memes to come: THIS IS TARGET!

Although I am sure Black Friday was still chaos, there is no reason why the employees of this company could not contain their smiles. The Morin’s applauded after catching the Buzz story and think that all companies should take notes. Dave and Brit Morin know effective management requires applicable ability to reinforce employee motivation through positive engagement and encouragement. If all managers would do this you would see a change not only in the employee attitude, but it would also infect customers, making for a more pleasant visit.

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Getting to Know Economist and Financial Expert Christian Broda

Christian Broda is a financial expert and researcher who has taught and written extensively about economic policies and related issues. He has been able to put his background into good use in his current position of managing director of the New York office of Duquesne Capital Management. His profile has been enhanced by his numerous features appearing in the general press.

Christian’s higher education began at the University of San Andres, in Argentina, from where he received his bachelor’s degree in 1997 with summa cum laude honors. He then attended the Massachusetts Institute of Technology, majoring in economics. It was in that field that he received, both from MIT, his master’s degree in 1999 and his doctorate in 2001. He began his career soon thereafter, doing international research for the Federal Reserve Bank of New York, where he would work for three years. Christian served as a professor of economics at the University of Chicago for five years, beginning in 2005, before assuming his current position.

In 2005 and 2008, Christian received grants from the National Science Foundation to support his research efforts. He was also given a grant as part of the James S. Kemper Scholar Program in 2006. His other achievements include appointments to the financial services firm Lehman Brothers, where he served as chief international economist, and to the investment bank Barclays Capital, where he served as head of international research. Additionally, Christian is a faculty fellow for the National Bureau of Economics Research, serves as an assistant editor for both the Journal of Development Economics and the IMF Economic Review, and is a member of the American Economic Association, the Econometric Society, the Society for Economic Dynamics and the Latin American and Caribbean Economic Association.

The numerous economic research writings of Christian have appeared in such publications as the American Economic Review and the Journal of International Economics. He has written on such topics as the effects of the tax rebates given Americans in 2008 and economic deflation in Japan. Newspaper articles written by him range from “Innovation Goes Unnoticed” to “Buying Strawberries in Winter.” Additionally, research conducted by him has gone into such publications as “Product Creation and Destruction: Evidence of Price Implications” and “Prices, Poverty and Inequality.”

In his personal life, Christian is married and the father of two sons. See more information about Christian on his website.

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Those Looking For Real Dates Are Trying Skout

Skout has become a new player and quite a sensation in the online dating world. It is the latest app to try to help connect users together in a romantic sense. This app stands out for a number of reasons, not the least of which is simply because it is so new. However, just because the app is new does not mean that it has been untested or has yet to deliver like the more well known services such as Facebook. Quite the opposite with this one actually. People are already saying that it is a game changer and that it is attracting the money to prove it.

What Skout has done is taken the age old concept that people want to actually meet up with other romantic interests and turned it into a business. Instead of merely offering images on a screen, Skout seeks to match up users who are close to one another geographically, as the download works with your phone or PC’s GPS system. Obviously, the geographic element of this whole thing is very important. Users who are too far apart from one another by physical distance would have great difficulty coming together to go on a date or explore something fun to do. As such, Skout company research makes sure to only pair up people who are of similar interests and are within a certain distance of one another.

A quick exploration of Skout will show that it has a feature known as “shake chat”. What this feature does is allows users to shake their phone in order to indicate that they are interested in chatting with another user. Two users who shake their phone at the same time will be paired up for a chat. The conversation will begin with both users being anonymous to one another. After a mere 40 seconds though, the users can be revealed to one another, and the chat can begin in earnest. Giving the chatters the opportunity to remain anonymous to one another has proven to be a great trademark to have. It has allowed Skout to offer a platform that does something radically different from the others.

The people behind Skout are more than happy to bask in the glow of what they have created here. They realize that numerous people love the work that they have put into their applications, and that there are numerous people who are benefiting from them. Bringing people together behind a common cause like that is more than enough to keep the founders of this start up smiling.

Better than all of the attention that they are receiving is the fact that Skout really is helping people. There are many who have busy lives and are just not able to date in the traditional sense. They have found refuge in using Skout on their iPhones. There are others who may feel that they are too awkward to get out there and go try to find a date for themselves. They too can enjoy some comfort in knowing that there is someone out there for them. They may just have to use Skout in order to find that right person.

Those who have yet to use Skout should really consider giving it a try. In all likelihood, they will discover something new about themselves and may decide that this is the dating app for them.

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Sam Tabar, Lawyer and Well-Connected Financial Advisor

Sam Tabar is a well-known New York lawyer and capital strategist. His Businessweek profile indicates some of the influential positions he has held at law firms and investment-strategy companies since his graduation from Columbia Law School in 2001, he has used his broad knowledge to create hedge funds, advise high-net-worth individuals and families about hedge-fund investing, connected potential investors with enterprises to invest in and created and managed complicated investment strategies.

Tabar earned his undergraduate degree from Oxford University, where he graduated with honors in 2000. Via his LinkedIn, he edited the “Columbia Business Law Review.” From Columbia, he took a position as an associate at the law firm Skadden, Arps, Slater, Meagher & Flom LLP. While there he advised clients on hedge funds, guided them through employment matters, regulations and agreements relating to investment management.

While at Skadden, he also wrote complicated private placement memoranda (PPM), which are usually a must for individuals and institutions that want to raise money privately from extremely wealthy investors. The purpose of the PPM is to dot all the i’s in an agreement between investors and the people and institutions they give money to. PPMs put in writing the risks to investors so that they are not likely to come back later if their investment does not yield hoped-for returns and sue.

According to Thumbtack, in 2004 Tabar switched from a law firm to an investment firm when he went to work for PMA Investment Advisors, which is associated with the Hong Kong-based Sparx Group Co. as a lawyer. He moved up in the company and was named Managing Director & Co-Head of Business Development.

In February 2011, Tabar went to work at Bank of America Merrill Lynch as Director and Head of Capital Strategy for the Asia-Pacific region. In September 2012, Tabar took his talents to Adanac LLC, BVI where he invested in American start-ups and properties as the director of the company. From September 2013 to March 2014, the high-profile lawyer and financial strategist worked at Schulte Roth & Zabel LLP as an advisor on hedge funds.

Throughout his career, Tabar has built a prolific record of being able to connect investors with projects in need of money. For example, while at the Sparx Group, he developed for the company a list of 400 new investors in addition to giving it access to his own list of 2,000 investors. and at Bank of America Merrill Lynch, he gave the company the names of more than 1,250 institutional investors.

In his spare time, Tabar enjoys traveling, tweeting, and hosting events as can be seen on his official website.

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Can a Bank Come After Foreclosure Deficiency Balances?

Many people lost their homes in foreclosures when the housing market collapsed. However, that has been a few years and many have made great strides to repair their credit. It was a shocking turn of events this week when many of that homeowner’s got a letter saying they were being sued for the balance of the homes.

Banks took a big hit in the record number of foreclosures, but now one bank is turning the tables and coming after their money. Florida attorney, Dyck O’Neal has personally filed more than ten thousand lawsuits this year on collections agencies coming after their money. It’s all because Florida changed their laws. In times past, a collector had five years to come back after the debt. With the new law, they have just one year to collect any deficiency balances owed to them. This has caused a surge of banks and collectors trying to get their claim in before their statute of limitations expire, which is something Christian Broda has been talking about with me.

When a bank sends the account to a collector, it puts another hit on the credit report. Those who were just starting to climb out of the hole are finding they’re taking another hit. It’s not right and they shouldn’t be allowed to come back after all this time. It is easy to see why the bank may be interested in coming after their money. However, if these people couldn’t pay for their homes, what makes the bank think they are going to be able to pay the tens of thousands of dollars they are owed?

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We Choose FreedomPop for Cell Phone Service, and Here’s Why

It’s rare now and days to see anyone without a cell phone. Even the government knows how important a cell phone can be to a person, because they have created programs that will pay for those with low income, to have a cell phone service for free each month. The only problem with the government programs is, that you have to qualify for the free service, and if your income is not low enough, you don’t qualify. How would you like to have the ability to get Free phone service without having to qualify for a government program? Then you should try FreedomPop.

FreedomPop is a unique service that can give you free internet and free cell phone service. The cell phone service is free of charge to start, and you can simply switch over your cell phone from your old company to FreedomPop. Don’t fear about having to give up your smart phone, as FreedomPop allows for the use of all of the newest technology cell phones out there. If you don’t have a cell phone currently, you can always purchase a cell phone from the FreedomPop website, and begin your service. With FreedomPop you get free texts, calls, and internet on your phone. And rumors that Sprint is interested in them mean this service can go mainstream in the blink of an eye. Imagine what that could do to other carriers and the way they market their plans.

For those who need internet service, FreedomPop is an excellent place to obtain it. With the many different devices that can give you internet while at home or on the go, you can connect your devices anywhere you are, to the internet. The best part about the internet service from FreedomPop, is that it’s free. You can get 4G speeds free of charge, and if you’re looking for anything faster than that, the charge just starts at $10 per month. Many companies will charge $50 or more per month just for internet service alone, so FreedomPop is a great alternative.

If you need internet while at home, you can choose to use the Freedom Hub, which gives you wireless internet while in the home, and you can connect several devices to it including your cell phone, tablet, laptop and more. The network connection is secure, so have no fear of unsavory persons lurking inside your private network. If you are constantly on the go, and you need internet for your laptop, there are several options that you can choose from. The Freedom Stick is a USB stick, that gives internet access when plugged into the USB port of your laptop.

Not only will you get high-speed internet, you can get it to use anywhere you go. If you would instead prefer a hotspot to carry with you, you can try either the Freedom Spot Photon, the LTE Hotspot, or the Freedom Spot Overdrive Pro. All three of these devices allow for internet on the go, especially the Photon, which allows for the connection of several mobile devices at once. Gone are the days of having to search for someone else’s WI-Fi connection while on the go, you can now bring your own connection with you, when you use FreedomPop.

For more information, check out their Facebook page and Techcrunch’s regular coverage on them.

Doesn’t get any more frugal than this.

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JetBlue ends free baggage

The airline JetBlue has announced plans to generate an additional $400 million in profits each year through a policy change that will decrease the amount of leg room that passengers receive and begin charging fees for baggage. This is sad news for frequent flyer Sam Tabar.

With this move, JetBlue will move more in line with the policies of other airlines. Previously JetBlue and Southwest Airlines stood apart in the airline industry by not pursuing these routes to increased profits which has led to their increased popularity with customers. There was no mention of whether a potential reduction of fees or decreased popularity with customers was included in the projection of $400 million of increased profits.

The seat size reduction will be approximately 1.6 inches per seat which will add about fifteen seats to each flight. Customers will be able to pay more to have larger seats. In addition, there will be three different tiers of pricing for flights with the ability to check one or two bags for fees, or no bags for free. By offering customers these different options the company believes they are catering to the individual customers’ needs in a more effective way.

The stock price of JetBlue has increased approximately 3% during the presentation announcing these changes and it has increased over 50% on the year. Airline stocks have been fairing well this year in connection with an resurgence in the industry which has led to profits during the year.

The airline JetBlue has announced plans to generate an additional $400 million in profits each year through a policy change that will decrease the amount of leg room that passengers receive and begin charging fees for baggage.

With this move, JetBlue will move more in line with the policies of other airlines. Previously JetBlue and Southwest Airlines stood apart in the airline industry by not pursuing these routes to increased profits which has led to their increased popularity with customers. There was no mention of whether a potential reduction of fees or decreased popularity with customers was included in the projection of $400 million of increased profits.

The seat size reduction will be approximately 1.6 inches per seat which will add about fifteen seats to each flight. Customers will be able to pay more to have larger seats. In addition, there will be three different tiers of pricing for flights with the ability to check one or two bags for fees, or no bags for free. By offering customers these different options the company believes they are catering to the individual customers’ needs in a more effective way.

The stock price of JetBlue has increased approximately 3% during the presentation announcing these changes and it has increased over 50% on the year. Airline stocks have been fairing well this year in connection with an resurgence in the industry which has led to profits during the year.

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Snapchat Introduces Snapcash Which Allows People To Send Money Quickly

Snapchat is an application that allows a person to send a text message or photo to a friend or family member. The difference between Snapchat and a regular text is that the text or photo is only available for a short period of time. This brevity allows a embarrassing photo to not be put up on a social network or be forwarded around to a lot of people. Snapchat has announced today that they have partnered with Paypal’s square.

 

This partnership allows Snapchat users to send instant money to their friends or family. They enter the dollar sign and press the green button. Snapchat calls this new feature Snapcash. Some people such as Sultan Alhokair would like to use it right away to see how it works. No word yet on the specific amounts of interest or fees required with this new offering. Snapcash is only available to customers who are over 18 and live in the United States. Snapchat has not annouced if they plan to expand this offering past the United States.

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