Author Archives: Todd Horwitz

Big Banks Find A New Customer

By , July 29th, 2014 | Market News | 0 Comments

Earlier in the year I wrote a piece about the way some banks were using Wal Mart customers as their primary source of income. Those banks decided many minimum wage earners needed a place to open a checking account and many of them would “borrow” money through bouncing checks and pay a healthy fee.

— Todd Horwitz

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29Jul

Another Banking Giant Admits To Sins

By , June 24th, 2014 | Market News | 0 Comments

In one of the worst kept secrets on Wall Street, BNP Paribas SA has admitted to its past discretions and is in the final process of settling up with both U.S. prosecutors and the State of New York.

— Todd Horwitz

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24Jun

Casinos; Has The Golden Goose Stopped Laying Eggs?

By , June 23rd, 2014 | Market News | 0 Comments

For the past thirty years Casinos have been the gift that keeps on giving to local and state politicians, but that may all be coming to an end.

— Todd Horwitz

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23Jun

Mexico Throws In The Towel, Invites Big Oil Back

By , May 27th, 2014 | Market News | 0 Comments

Seventy-five years after barring foreign competition in the Oil market, Mexico has decided to change its constitution and allow foreign companies to participate in production of the black Gold.

— Todd Horwitz

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27May

Credit Suisse Admits It Hid Taxes; Pleads Guilty To Crime

By , May 22nd, 2014 | Market News | 0 Comments

On Monday Credit Suisse AG admitted it was involved in a criminal conspiracy to defraud the IRS and the state of New York and agreed to pay more than $2.6 billion in fines to various U.S. agencies including the IRS.

— Todd Horwitz

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22May

IBM Delivers More Bad News, Is Rometty In Trouble?

By , April 18th, 2014 | Market News | 0 Comments

On Wednesday the tech giant delivered more bad news to investors, Big Blue hasn’t been making as much money as the Street wants it to make.

— Todd Horwitz

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18Apr

Speedy Traders Called To Task By NY Attorney General

By , April 17th, 2014 | Market News | 0 Comments

On Thursday a number of High Frequency Trading firms got a call from the New York Attorney General asking to tell them how they conduct their business.

— Todd Horwitz

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17Apr

Limit Up, Limit Down!

By , April 11th, 2014 | Market News | 0 Comments

As they like to say “back in the day” futures and indexes had a maximum amount they were able to move in a day.

— Todd Horwitz

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11Apr

Tech Stocks Jump On Fed Minutes; Is It Safe?

By , April 10th, 2014 | Market News | 0 Comments

On Wednesday the Fed released the minutes from their meeting in March and the market asked the question, is it safe?

— Todd Horwitz

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10Apr

China Has Its Own Virtual Currency, But Not By Choice

By , April 8th, 2014 | Market News | 0 Comments

In 1837 there was no Central Banking system in the United States that was the lender of “last resort”.

— Todd Horwitz

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8Apr
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