Friday, October 28, 2011

@AllAmerInvest Obama Lost, Card Fee Doink, AAPL TV, Google Buying, Italy Insolvent

A month after Bank of America got pummeled by consumers and politicians for introducing plans for new debit-card fees, most other big U.S. banks are steering clear of imposing similar charges.

Following eight months of consumer testing, J.P. Morgan Chase & Co. has decided that it won't charge customers who use their debit cards to make purchases, according to a person familiar with the bank's plans. The New York bank's Chase retail unit is one of the largest U.S. consumer banks, with 26.5 million checking accounts and 5,300 branches.

Obama lost many donors from '08 presidential race
President Barack Obama has lost millions of dollars in support from former donors in Democratic strongholds and in districts that he won narrowly four years ago, according to an Associated Press analysis of the most recent federal campaign finance data.

Europe's Next Grand Plan

Video Apple's New TV "Will Totally Reinvent The Television Experience"

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Google Has Made More Than 50 Acquisitions This Year -- Here Are The Ones We Know About

Sovereign CDS posterchildren
Now that a debate is brewing over survival probability of the European sovereign CDS market itself, FT Alphaville thought it’d be a good idea to look at some more recent trends in order to try to discern where the demand for these financial products has come from.

If Italy Is Insolvent, Then France And Germany Are Even Worse

Original content Bob DeMarco, All American Investor