Remove 2008 Remove FDIC Remove Security Remove Taxes
article thumbnail

Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. And quite frankly, I did not know there were so many tranches to mortgage-backed securities. We took a serious reputational hit.

FDIC 78
article thumbnail

Bank Customers Lose Real Money

Jeff For Banks

You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. Then, boom, the 2008 financial crisis. Heck, maybe there'll be a reassessment and your real estate taxes will go down. Taxes go down? You worked hard, saved money, and reduced or eliminated debt.

Taxes 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SMB Challenger Banks: Lili Focuses on Freelancers

Fintech Labs Insights

But the tech and financial recessions of 2000 and 2008 held up the newcomers until the last 4 or 5 years. Security features (account freeze, real-time transaction notifications, FDIC insured). I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). marketplace.

Taxes 15
article thumbnail

SMB Challenger Banks: Lili Focuses on Freelancers

Fintech Labs Insights

But the tech and financial recessions of 2000 and 2008 held up the newcomers until the last 4 or 5 years. Security features (account freeze, real-time transaction notifications, FDIC insured). I’ve been expecting digital banking disrupters in the SMB space since the beginning of the online banking era (late-1990s). marketplace.

Taxes 15