Archive for In the news
Strippers ask for voluntary taxation
One of my most popular posts ever, probably for the evocative title, was Do stripper strip at home? Drawing more similarities between credit unions and strippers, the issue of taxation has come up. However, in this particular instance, the strippers are asking to be taxed. In light of the poor economic and budgetary shape the city of [...]
Read moreMica and Leggett to form new consulting company
Dan Mica and Keith Leggett have announced today that they will be forming a new consulting company to assist credit unions and banks with strategic planning and political efforts. Dan Mica announced his retirement plans in late 2009, but has been tight lipped about his destination until now. As a former Congressmen, Mica has very unique insight into [...]
Read moreWhen the hand that feeds you starts feeding themselves
Warning: Slight technical discussion ahead follow by shallow stabs at credit union marketing. Google announced today their new Google Public DNS service. For those not in the know, recursive DNS, which is what Google is offering, is simplistically a phone book. It translates “Mr. and Mrs. Johnson” to 800-555-5555. Applied to the internet, it translates [...]
Read moreTake down by the FDIC
TDECU‘s Safe & Sound page has been killed by the FDIC. Here is a link to the cached page and the site now redirects to their normal site. I can see how this may be a sensitive topic to some, but regardless, it is good to discuss it and any implications it may bring for [...]
Read moreWelcome to communism
We are seeing our free market capitalism disappear before our eyes. SEC bans short-selling Fed takes control of AIG Treasury set to bail out Fannie Mae, Freddie Mac The founding ideals of our country are so closely tied to the basic premise of credit unions (member-owned, democratically controlled) that I now can see how [...]
Read moreStick figures explain the subprime meltdown
WARNING: Great presentation, but uses a little vulgar language. And you may need to view it fullscreen @ SlideShare to read it. | View | Upload your own
Read moreI'm a millennial/Gen Y and proud of it!
Last night 60 Minutes aired a piece on "Millennials", people born between 1980 and 1995 (aka Gen Y), entering the workforce and what complete junk. Apparently we are self-absorbed and we need to learn how to use a knife and a fork. I don’t know about you guys, but I never had my parents speak to [...]
Read more50 and 50
The Fed just dropped the discount window another 50 bps and the fed funds rate 50 bps. The 50 bps drop in the funds rate was quite a surprise and the Dow jumped nearly 200 points immediately. Credit unions now need to carefully observe their balance sheets and manage appropriately if they are asset or [...]
Read more
Recent Comments