You are here: Home / Archives for Washington dc

Where is our Common Sense Congress?

February 15, 2013 By Leave a Comment
100_0238122

        Congress thought draconian measures in spending cuts and taxes would be the guarantee to force bi-partisanship cooperation. Well, we are approaching the sequester on March 1. The draconian cuts will occur without a deal from both houses. The consequence of draconian was a tap on the shoulder about cooperating. the consequence of self-destruction is still not any deterrence as the legislative branch has left Washington, DC for one week. They decide to leave for recess in one of the most crucial times in recent history. The government is already implementing the measures to meet the March 1 budget targets. The destruction takes place and Congress leaves the place. Where is the common sense?  Congress seems to rollover and play dead when a crisis is pending, and last minute action is done only by kicking and screaming for the Congress to stop playing dead and into action. My 15 year old dog plays dead because he has mobility issues, and … [Read more...]

Filed Under: Donny Wise Live in Personal Finance Tagged With: , , , , , , ,

Personal Finance change is easier said than done

October 20, 2012 By Leave a Comment

Wipe our Debt (Photo credit: Images_of_Money) Passion is a strong force to keep things going when all is about to fail. I am writing this article today, because our nation has become a nation of talkers. Talk sounds so nice someone said to me one time, but action is another component all together. The whole country must change an attitude about personal finance, or we will never overcome the hurdle that we face in America. We are a debtor society, and the government is the best example of our specific problem with 16 Trillion in debt on the books. Debt reduction and cost savings measures are great to discuss, but the actions are much harder to implement. The prestige is lost when having to do the dirty work. That is the problem in Washington, DC, and throughout the country. As an advocate, the stage was set for this quarter of 2012 to be our year with a group of partners. Several partners brought great ideas and resources to the table, but crunch time came and they have withdrawn … [Read more...]

Filed Under: PERSONAL FINANCE NEWS, Triond Tagged With: , , , , , ,

Banks or Credit Unions: Five bank transfer tips for consumers in lieu of legislation

April 9, 2012 By Leave a Comment
20120409-061044.jpg

A legislative bill in Congress may allow credit unions to engage in more small business lending, and any consideration of a financial institution change will be a different experience. A few tips are below for a brief comparison analysis of bank to crest union. As a former financial services executive, a diverse professional experience did include exposure to both commercial banks and credit unions. The diverse exposure to both industries does provide insight to the internal differences of technology and organizational structure when transferring a banking relationship. Consumers are exposed to many opinions about the best choice of institution to house a banking relationship, and opinion is irrelevant(i.e. my opinion) when information is a better tool to insure "a change will do you good. Therefore, the following five tips should be explored in a comparison analysis of your current bank and a potential new bank or credit union. 1) Direct Deposit Access and/or Funds Availability: … [Read more...]

Filed Under: Examiner.com- DC Consumer and Banking Examiner Tagged With: , , , , , , ,

Friday Finance: Happy 2nd Anniversary of Greek Debt Crisis

March 30, 2012 By Leave a Comment
Friday Finance: Happy 2nd Anniversary of Greek Debt Crisis

Political Will of Europe and America continues to flounder since Greece initial debt crisis 11:45 AM Posted by Donny Wise - EMPOWER4U   America refuses to restore fiscal sanity to finances of the federal government, and Europe does not have the resolve to resolve the debt contagion of it's nation states from spread across the continent. March 2010 was the first alarm of the debt risk in the near default of Greece on its public debt. The leaders of America and Europe was given a first test in political will, and the a measure of political will via a number score would be close to a zero as examiner of the first debt test. Greece did not resolve the dire situation of public debt burden in the Spring 2010, and Greece has flirted with the fringe of disaster via default threat and social unrest from implementation of austerity. Greece is the tiny explosion in monetary loss via a default, and the political will crisis of America and Europe is bringing the threat of fiscal … [Read more...]

Filed Under: Uncategorized Tagged With: , , , , , , ,

Friday Finance: America believes debt does not matter

March 30, 2012 By Leave a Comment
Friday Finance: America believes debt does not matter

America leadership debacle over debt has damage instead of default in the aftermath. 12:24 AM Posted by Donny Wise - EMPOWER4U   The political leadership use of default in the negotiations to find compromise on increasing America's debt ceiling was the worst case scenario in becoming a reality in lieu of stalemate in political negotiations. The resolve did come at the last moment to avoid default on American debt, but the resolution did avoid default but damage to the American economy was extensive and grave to the public witness in America and overseas that a debt limit increase almost led to a default. The political capability to make the entitlement and taxation changes to restore fiscal balance to America's finances has a zero chance in Congress before default does happen in the United States. The posturing of ideology is a higher priority than the survival of the American Republic as the drug of power brings delusions of grandeur and omnipotence when humans … [Read more...]

Filed Under: Uncategorized Tagged With: , , , , , , ,

This Election is about Freedom: The Dynasty is dying in toxic ideology

March 15, 2012 By 3 Comments

All Good Things...Our Democracy has become our Dynasty of Pretend...Monopoly money and dollar is the pending parity as banking system is broken and the government is insolvent. The Dynasty is dying and This Election is Our Election 2012 to reclaim freedom and democracy. My humanity is above ideology, and I welcome all whom beliefs that the protection and restoration of our freedom’s and prosperity is imperative. The difference is that we restore quality, value, and community back into the equation. We as Americans can do better, and we must do better or leave a shell of a society for the future generations to endure. As the Dynasty is dying, the reality is that the quality of life and personal freedoms are in decline for a majority of Americans including higher income individuals. The recent credit crisis was not isolated to the subprime borrower or personal irresponsible members of society. As a former banker, many intellectual and high-income individuals were placed in … [Read more...]

Filed Under: Uncategorized Tagged With: , , , , , , ,

Taste of Summer in March…What about April Fool’s?

March 15, 2012 By 1 Comment
IMG_1014.JPG

Payback is the opportune word when discussing 80 degree plus warmth in March in Washington, DC and Raleigh, NC. What veracity does winter have left in the month of April? An October snow was the unexpected bite of snow and cold in New England. What about the Mid-Atlantic and Mid-South snowfall potential in the month of April? Along with a few snow pics of past seasons. I have pulled the data for the latest measurable snowfall in Washington, DC and Raleigh, NC. The data may surprise some individuals..... Raleigh, NC - The latest accumulating snowfall was 1.8" on April 18, 1983...... Washington, DC saw the latest measurable snowfall of .5 inches on April 28, 1898.... A little food for thought.... Related articles A little gloating is good on occasion (goerie.com) Raleigh forum focuses on change in black community (mysanantonio.com) It's still winter: Wind, rain, snow for Washington (thenewstribune.com) Studio finished in Raleigh, NC had photographer out. … [Read more...]

Filed Under: Uncategorized Tagged With: , , , , , , , ,

Inside Banking: DC Banks earnings, FHFA reconsideration, and Shareholders first

March 2, 2012 By 1 Comment
100_0171

Donny Wise: DC Consumer Banking: Examiner.com - The health of the banking industry is at the forefront in the consideration of a sustainable economic recovery. In addition, the health of the industry can be measured through performance, market indicators including foreclosures and housing, and corporate responsibility of banks to implement business models and strategies to foster a safe and prepared industry. The local indicator in DC banking is the recent report in the Washington Business Journals stating that earnings were up for the 40 local banks in the fourth quarter of 2011. The market indicator is the recent urgent request by lawmakers for the FHFA to follow reconsideration mortgage loans to assist homeowners underwater in a mortgage loan. Third, the reckless behavior of the banks are still alive in the current economic uncertainty as banks were allowed to pay $33 billion in dividends to shareholders, and this move was allowed by the Federal … [Read more...]

Filed Under: Article Content Future Publication, Examiner.com- DC Consumer and Banking Examiner Tagged With: , , , , , , , , , ,

Weiss Ratings of DC area banking institutions

February 3, 2012 By Leave a Comment
Downtown Washington, DC

Banks are starting to lend money to consumers and small businesses as fourth quarter 2011 show regional banks showing strong loan growth. In the DC market, 40 banks call the DC metro market home and many outside banks have a presence in one of the most lucrative markets in the country. The market search will uncover almost 1700 bank branches, and the decision to embark on a banking relationship is a monumental decision for a consumer or business owner. Several ways to discover information about a prospective financial institutional include stock and performance results via Zack's Investment Research, star ratings system with Safe and Sound  on BankRate.com, and financial strength on Weiss Ratings with access via TheStreet.com. In this analysis, the focus is on DC banking institutions financial strength via Weiss Ratings with A or Excellent ratings in the DC market. Only two banking institutions in the DC metro marketplace did score an A or Excellent according to Weiss. The … [Read more...]

Filed Under: Examiner.com- DC Consumer and Banking Examiner, Uncategorized Tagged With: , , , , , , ,

Credit Unions revise results downward from Bank Transfer Day

December 7, 2011 By 3 Comments

The credit union industry has been the one's laughing all the way to the bank as the industry's commercial banking competition flounders in one mishap, one bad news story, and one more upset consumer after another. The tables were reversed in Washington,DC after the National Credit Union Association (NCUA) made a blunder in the recent success of new customers in November's Bank Transfer Day. The banking industry did gloat in some rejoicing as the credit union threat to commercial banks and the industry's monopoly. Why this revision states the reality of the credit union myth of being the moral and selfless banking bank alternative may just be a half truth in reality. The reality is the credit union employees and representatives are the primary vocal supporters, and the media has given a blank check of blessing the credit unions as good guys and the alternative to banks. Member experience is more credible to the reality of  credit unions being the good guys in banking. "They are … [Read more...]

Filed Under: Examiner.com- DC Consumer and Banking Examiner Tagged With: , , , , , , , , , , , , , ,
« Older Posts
Follow

Get every new post delivered to your Inbox.

Join 1,279 other followers