Free Republic

Are we headed toward a war with China? Recent developments seem to suggest that things are heading in that direction. Congressional lawmakers are now pressing the Federal Reserve to ‘stress tests’ banks for the ensuing fallout from a potential war with the Chinese Communist Party. Aside from the fact that this indicates Washington D.C. is anticipating conflict, it also calls into question the current health of our banking sector overall. It’s no secret that banks have been failing left and right, while both consumer and national debt have skyrocketed to unsustainable levels. Consumer spending is down in several key areas,...

JPMorgan Chase admitted to pressuring the financial software company Intuit into preventing gun sellers from using the company’s payment processing services, according to a letter Sen. Ted Cruz sent Monday after looking into the policy. Bank of America, meanwhile, denied pressuring Intuit into banning gun manufacturers from using its famous QuickBooks software. “Woke big banks are increasingly weaponizing their power to cut off law-abiding businesses from accessing banking services,” Cruz, R-Texas, told The Daily Signal in an email statement Monday. [snip] Intuit, the financial software company best known for producing QuickBooks, had adopted an acceptable use policy previously listing “guns...

Time is GMT + 8 hours Posted: 17 September 2005 1716 hrs Macau urges caution as US allegations spark run on North Korea-linked bank HONG KONG : Macau's political chief has moved to staunch a run on a bank accused by the United States of aiding illicit North Korean financial activity, fearing the scandal could wreck the city's banking sector. Chief Executive Edmund Ho urged caution amid a flurry of large withdrawals from Banco Delta Asia following allegations the lender had laundered money and helped North Korean customers distribute counterfeit US currency. "There is nothing to substantiate the rumours," Ho...