Free Republic

The FSOC’s decision to expand the too-big-to-fail designation to nonbank firms will be seen as the most damaging action taken under Dodd-Frank. It was no surprise that the Financial Stability Oversight Council (FSOC) decided last week to cite a number of nonbank firms as systemically significant, placing them in line for greater regulatory scrutiny by the Federal Reserve. What was a surprise is that — in the midst of a huge outcry in Congress about banks that are too big to fail (TBTF) — neither Congress nor the administration asked the FSOC to stop the designation process until the too-big-to-fail...

as posted on Buds Gun Shops facebook It's official....we received our letter from GE Capital today that our merchant agreement will be terminated effective 2/18/2013. Although they originally told us this would only affect online sales, the letter indicates they are terminating both online and retail merchant business. We still accept credit cards and ACH/Echeck as well as checks by mail....and also offer our 90 day layaway plan....so we do have several other payment options. GE was just our only deferred interest finance option. ACH/Echeck is the preferred payment option as you can quickly and securely pay online and still...

UP TO 11,000 JOBS MAY GO AT GE CAPITAL By PAUL THARP January 17, 2009 -- Jeff Immelt is swinging the sharpest ax of his career at General Electric and may cut as many as 11,000 workers from the payroll at the conglomerate's finance arm. The average paycheck for the disappearing jobs at GE Capital is $175,000 and is part of Immelt's mission to slash expenses at the division by $2 billion in 2009. GE Capital had enjoyed a long, profitable run as one of the world's most far-reaching financial firms, involved in everything from bankrolling jet airline fleets and...

In the airline industry's dark months after the September 2001 attacks, the federal government, banks, aircraft lenders and others came forward to help, giving the wounded companies plenty of leeway in the face of extraordinary circumstances. But three years later, the benevolence is gone. In a form of tough love that is quickly spreading, these same backers are putting the clamps on the still-troubled airlines, particularly those operating under bankruptcy protection. The backers are giving chief executives at United Airlines, US Airways and ATA Airlines their marching orders: enforce strict timetables, conserve cash, reduce spending and eliminate jobs - or...