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Bank Customers Lose Real Money

Jeff For Banks

Then, boom, the 2008 financial crisis. Heck, maybe there'll be a reassessment and your real estate taxes will go down. Taxes go down? Retiree: That's Not So Funny To the retiree that prefers the safe haven of FDIC insured deposits held at the local bank that lends it out locally, this is a serious issue. Your money grew.

Taxes 78
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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. After losses of $24 and $23 million, respectively in 2008 and 09, the regulators in 2010 said enough is enough.

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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). Other differentiating factors: Allows customers to automatically set aside a portion of revenues for later tax payments, called “Tax Bucket”.

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). Other differentiating factors: Allows customers to automatically set aside a portion of revenues for later tax payments, called “Tax Bucket”.

Taxes 15