ARTICLES - HOT OFF THE FAGGOT

Tea Party News

Tea Party News
  Newsweek: Hit the road, Barack

I was a good loser four years ago. “In the grand scheme of history,” I wrote the day after Barack Obama’s election as president, “four decades is not an especially long time. Y... (more)
  Trump Fires Back at Obama Campaign Smear

Billionaire real estate mogul Donald Trump blasted President Barack Obama’s senior adviser Robert Gibbs Sunday as “vicious and hateful” after the former press secretary called Trump... (more)

  Campaign: Obama Can Ignore Reporters, Talk to 'Equally Important' People Magazine

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  'We Did Build It': Small Business Owner Taunts Obama Motorcade

On a beautiful August day when most people are enjoying the weather and leisure time, self-made man Al Letizio organized a protest against the President of the United States. This Ne... (more)

Godfather Politics

Big Health Report News

Banks to push for account fees in the wave of Libor scandal


Building of the HSBC and Barclays banks.(AFP Photo / Andrew Cowie)
Building of the HSBC and Barclays banks.(AFP Photo / Andrew Cowie)

RT - Several major financial institutions under inquiry in the Libor case are going to push for introducing account fees for their customers. They blame 'free' accounts as one of the reasons behind interest rate rigging.

The major banks including Britain’s Barclays and Spain’s Santander are expected to argue in favor of introducing account fees at a meeting of the UK Parliamentary Commission on Banking Standards, the Daily Mail reports. Banks must submit evidence on the Libor case to the Commission by the end of this week. The panel was set up after Barclays admitted it was involved in Libor fixing and paid a more than $450 million fine to settle the probe.

Bankers as well as some British officials say free banking services hinders real competition in the market. Treasury Select Committee chairman Andrew Tyrie, who is heading the Commission, has recently described free banking as a ‘myth’.

Meanwhile Barclays’ new chairman, Sir David Walker told The Sunday Telegraph the rate fixing scandals were a ‘consequence of not charging for bank accounts’, and said he supports charging customers fees.

Last month the chairman of the Financial Services Authority, Sir Adair Turner, also criticized free accounts  ‘One important barrier to competitive entry into the UK personal banking sector is obvious – the fact that the core product is usually given away for free, sold at below cost of production,’ he said.

However, critics of the initiative warn that customers would be the first to suffer from compulsory fees along with indirect costs and poor service.

Personal Liberty Alerts

Personal Liberty Alerts: Live Free in an Unfree World

Latest From Bob Livingston August 20, 2012
A Gift From JPMorgan Chase A Gift From JPMorgan Chase »
JPMorgan Chase has manipulated the price of silver and gold way below reasonable market value. Buy silver and gold now if you haven't already. It is a gift from Satan, but a gift nevertheless — and a substantial one! More »


On Your Own

Dealing With Medical Emergencies Dealing With Medical Emergencies »
The prepper can take many lessons for the situation that developed in New Orleans following Hurricane Katrina. One lesson is that when the social order breaks down for a period of days or weeks, adequate medical care will disappear. More »

Voices

Why Obama, Romney Fear Gary Johnson Why Obama, Romney Fear Gary Johnson »
In the 2012 Presidential election, there is perhaps one candidate who understands the American everyman struggle to successful entrepreneurship better than Republican Mitt Romney or Democrat Barack Obama could ever hope to: Libertarian Presidential nominee Gary Johnson. More »



Personal Liberty News
MSNBC Co-Host Accuses Romney Of 'Niggerization' MSNBC Co-Host Accuses Romney Of 'Niggerization' »
On Thursday, MSNBC co-host Touré accused Mitt Romney of being a racist. He said the Presidential nominee is participating in "niggerization," trying to convince people that Obama is like the "scary black man who we've been trained to fear." More »

Give Up Your Gun, Get Free Shoes Give Up Your Gun, Get Free Shoes »
A program that has its roots in Orlando, Fla., provides incentives for residents who are willing to turn in their firearms. Those who give up their guns receive a gift card, free gas or a pair of kicks (shoes), depending on their location. More »

Fat, Lazy A Disease? Fat, Lazy A Disease? »
A new paper politely referred to the increasingly fat, lazy nature of the human population as an "inactivity epidemic." And guess what? The "inactivity epidemic" (being fat and lazy) is responsible for one out of every 10 deaths worldwide. More »


Commenter's Corner


Commenting on 3 Reasons Why America Will Crumble,
Patriot1776 says:
August 17, 2012 at 7:40 am
So we give up? Do we allow all of those who fought and died, giving their all to provide us with the freedoms that we have enjoyed to have sacrificed in vain? It isn't that the republic that our forefathers had the insight to build that has failed. It appears to be apathy and pure laziness that have allowed the decline of this great nation. Our forefathers and each and every patriot that has willingly put their life at risk to stand for the principles embodied in our Constitution deserve better than to have their efforts relegated to the annals of history. Our children and grandchildren deserve to be left a better America than what we are presently providing. It is sad to think that we can look at what this country was, know what it could be, and not be willing to put forth the effort to make it great once again.

America was built by strong men and women and quickly grew to be the strongest nation in the world, leading in industrialization, education, technology, military strength, economic power, every measure. Now, we face extinction due simply to the lack of willingness to get up off the couch and stand for what is right.
Reply
 

Zionica News

Political Outcast

The Conservative Byte

ConservativeByte
August 20, 2012
Today's Politically Incorrect Headlines: Today's Featured Article:
Obama is Killing the Internet

Today's Politically Incorrect Laugh:
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White House brewery

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