Tag "interest rates"
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After gamble backfires, L.A. demands refund from banks
In the San Francisco Bay area, public transit riders are paying $104 million in higher rider fees to cover the cost of exotic financial insurance known as an interest rate swap. In Detroit, the inability of the city to
Read MoreU.S., CA could be hit by Federal Reserve potential massive loss
Feb. 28, 2013 By Chriss Street Last week in my article here, “Misery Index about to soar in CA, US,” I warned that a rise in a combination of inflation and unemployment, known as the Misery Index, could “distort financial markets.”
Read MoreJP Morgan fiasco means higher interest rates ahead
May 15, 2012 By Chriss Street If there was an Academy of Motion Picture Arts and Sciences award for the best acting performance by a CEO, Jamie Dimon of J.P. Morgan Bank would surely win the Oscar for his dismissal
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