• money meltdown

    Wells Fargo Wins, Will Buy Wachovia

    Wells Fargo is the winner in the battle for Wachovia, says the New York Times. Apparently, Citibank became nervous about splitting the bank when they saw the size of the "bad assets" it would have to take on, and quietly walked away. The bank will continue to seek $60 billion in damages, however. More »

    10:54 AM on Fri Oct 10 2008
    By Meg Marco
    4,117 views, 43 comments

    Most discussed Skankingmike: I have a choice now, Should my wife and I stay with Wachovia(wells Fargo). or Should my wife and I go with more »

  • student loans

    Citi Announces One Of Its 'Bold Steps': Stricter Rules On Student Loans

    Two readers have forwarded us a second email sent out by Citibank today, but it's not another vaguely worded PR blast from the CEO. Instead, this one announces that Citibank is adopting the zero-tolerance approach to late payments favored by the credit card industry—miss a payment due date and you'll lose any interest rate discount(s) you currently enjoy. More »

    5:33 PM on Wed May 14 2008
    By Chris Walters
    5,096 views, 53 comments

    Latest by EltonDampyre: Unfortunately this isn't a new policy and it is used by most you heard me most student lenders in the industry. more »

  • mergers

    American Airlines Flirting With US Airways On Possible Merger

    An unnamed source has told Reuters that American Airlines is in talks with US Airways about a possible merger—and that it's also in talks with Continental about sharing passengers! Meanwhile, Continental is currently in talks with United about a possible merger of its own, and has said it will only choose one partner eventually. United, on the other hand, is not only pursuing Continental but is also in talks with US Airways about a merger. Yes, we have an airlines romantic triangle, folks. Someone's heart is going to end up broken. More »

    6:39 PM on Fri Apr 25 2008
    By Chris Walters
    2,246 views, 17 comments

    Latest by ageshin: I remember when they deregulated the airlines, saying that we would get more diversity and competition, resulting in lower fairs. more »

  • education

    Sallie Mae Stops Student Loan Consolidation, Will No Longer Pay Origination Fees On Stafford Loans

    Consolidation loans are no longer profitable for Sallie Mae, so it's saying goodbye to them. SmartMoney points out that ultimately this shouldn't matter for students taking out new loans, since the original point of consolidation—converting lots of variable rate loans into a nice predictable fixed rate loan—is no longer relevant (all federal student loans are now disbursed with fixed interest rates.) SmartMoney says if you still have variable rate loans you need/want to consolidate, check out the government's consolidation offering—"You're likely to pay the same consolidation rates you'd pay if you did so with Sallie Mae," they write. More »

    6:09 PM on Tue Apr 15 2008
    By Chris Walters
    3,128 views, 24 comments

    Latest by -J-: @mac-phisto: This only applies to federal loans. Not private loans which generally is 50% or more of the average tuition now. more »

  • news from the swamp

    Liveblogging The Media Consolidation Showdown Between The FCC And The Senate Commerce Committee

    Join us at 10 a.m. for the FCC's showdown with the Senate Commerce Committee. The hearing comes one day after Democratic Commissioners Jonathan Adelstein and Michael Copps pilloried Chairman Kevin Martin's plan to allow one company to control a newspaper and television or radio station in the same city as: "a mish-mash of half-baked ideas."

    This is the Chairman's second romp to the Hill in defense of his ill-fated plan. Though at the last hearing in the House, Martin's plan received tepid support, today he appears before Senator Byron Dorgan (D-ND), who led the Senate Commerce Committee to pass a resolution ordering the FCC to delay its planned December 18 vote by at least 120 days.

    Today's showdown features one panel with all five members of the FCC. Can Kevin Martin and Spectacles of Hope prevail over Senator Byron Dorgan (D-ND) and the Scowl of Doom? Start hitting refresh at 10 a.m. to find out.
    (AP Photo/John Bazemore)

    9:55: Today's video link comes in two flavors: Real Media Player and Windows Media Player/Quicktime.
    10:12: We begin our liveblogging now. More »

    Feature

    9:45 AM on Thu Dec 13 2007
    By Carey
    3,955 views, 21 comments

    Latest by varco: I hate me some Kevin Martin. Always trying to push through media consolidation despite massive public protest against it. more »

  • news from the swamp

    Liveblogging The Media Consolidation Showdown Between The FCC And The House Telecommunications and the Internet Subcommittee

    Starting today at 9:30 a.m. the House will drag FCC Chairman Kevin Martin and his colleagues before the Telecommunications and the Internet Subcommittee to explain their misguided and widely-criticized media consolidation plan that would allow one company to control several radio and television stations in the same city. The hearing comes two days after John Dingell (D-MI,) who will be chairing the hearing, accused Martin of abusing his power and intentionally keeping his fellow Commissioners in the dark. Just yesterday, the Senate Commerce Committee voted to ban the FCC from moving forward with their planned vote until they first complete a comprehensive study of broadcasters' commitment to local news and ownership opportunities for women and minorities.

    All five FCC Commissioners will testify, along with a slew of media representatives including the Newspaper Association of America, the National Association of Hispanic Journalists, the National Congress of Black Women, the National Association of Black Owned Broadcasters, and (one of these things is not like the other...) Clear Channel Communications.

    Will Kevin Martin throw his spectacles at the Committee in anger? Will former Army man Dingell make Martin cry? Join us at 9:30 a.m. as the sparks start flying.
    (AP Photo/Manuel Balce Ceneta)

    9:25: Audio link only? For a hearing on the media? What a sense of humor you have, Chairman Dingell.
    9:33: Video Link! Thanks, C-SPAN.
    9:39: Oh good, "this is going to be a long morning." Let's hear some opening statements. More »

    Feature

    9:20 AM on Wed Dec 5 2007
    By Carey
    4,808 views, 13 comments

    Latest by r4__: @cef21: The legislation is about over-the-air broadcasting (i.e. not cable), of which you're lucky to get six channels. If half more »

  • freedom of information

    Media Consolidation Is Bad For Everyone

    Bill Moyers produced an excellent segment on media consolidation and its disproportionate impact on minorities. African Americans and Hispanics account for over a quarter of the population, but own just 33 of the nation's 1,350 television stations, and only 6% of radio stations. According to Melody Spann-Cooper, owner of Chicago's only black-owned radio station:
    Radio has moved from being in the business of empowering and educating people to Wall Street, to making money. And that's not the big corporate conglomerates, you know, that's not their fault. They were allowed to do this.
    More »

    4:02 PM on Sun Nov 4 2007
    By Carey
    1,730 views, 29 comments

    Latest by Consumer-X: @RandomHookup: The bottom line is that Air America and every other Liberal slanted talk radio format has failed in the more »

  • reminders

    Student Loan Consolidation Deadline Is July 1


    Just a reminder to you recent grads, the loan consolidation deadline is July 1. Why is this important? Because if you wait to consolidate your loans until after July 1, you will pay more interest. More »

    11:39 AM on Fri Jun 29 2007
    By Meg Marco
    1,398 views, 1 comment

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