July, 2010
Sams Club to start offering online cash advance
Sam's Club, a division of Wal-Mart, will start offering online cash advance through Superior Financial Group LLC. The loans are tailored for entrepreneurs and small businesses. .
Not Wal-Mart's first foray into finance
Wal-Mart has been looking for a way to get to the banking game. In 2007, Congress blocked non-banking entities, including retailers, from opening banks ...
Oil giants commit to rapid oil spill response system
A federal drilling moratorium was proposed due to the oil spill in the Gulf of Mexico 2010. The oil industry has loudly criticized the ban. But four oil companies have joined forces to convince the government to cancel the drilling moratorium. Exxon Mobil, Chevron, ConocoPhillips and Royal Dutch Shell are committing $1 billion to set ...
senate Ethics committee looks at VIP loans given out
Several Washington D.C. lawmakers have been caught up in an ethics investigation over VIP cash loans given to their staffs. Countrywide decided they would make all of these "Sweetheart" or "VIP" loans and then they sold them to Bank of America. .
Countrywide – a company to give out VIP loans
In documents just lately released by ...
Rich people cutting back for recession too!
Spending has stimulated the recent recessionary economy, and rich people have largely been the ones doing the spending. Even those who have money have quit spending money casually, reports the New York Times. The Federal Reserve has acknowledged that America's economic recovery has slowed. If conditions worsen, experts believe that one more stimulus may ...
Medicare fraud operation in five states caught by Federal agents
The Justice Department struck a major blow for Medicare fraud prevention Friday. In coordinated raids, Federal agents introduced no-nonsense health care reform to doctors, nurses, health care business owners and medical billers in five states. . $ 251 million was stolen by the defendants through the Medicare system, and they're being charged for all of ...
