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Small banks in China are running into trouble. Savers could lose everything
Peter had put his life savings of about $6 million into accounts at three small banks in China's central Henan province. He says he hasn't been able to access them since April.
Who Owns Federal Reserve Losses and How Will they Impact Monetary Policy?
Among Federal Reserve officials and many economists, it is fashionable to argue that any losses the Federal Reserve should suffer, no matter how large, will have no operational consequence. Is this true? If so, how does the Fed account for its losses and stay solvent? And who ends up paying for these losses? As the Fed executes its strategy to reign in run-away inflation, the answers to these questions take center stage as the Fed has already experienced mark-to-market losses of epic proportions and will soon post large operating losses, something it has never faced in its 108-year history.
We Already Did That
If you want anywhere near my apartment in the Vucciria district of Palermo, you’d better watch your step. I’d share a pic, but it’s just too gross to share. When I open the front door of my building, I immediately see wall of graffiti, including a hammer-and-sickle. There’s trash all around. Food waste, paper, plastic, and glass. Not just discarded beer bottles; the narrow street features multiple
U.S. to cancel $6 billion in student loans for 200,000 defrauded borrowers
The United States will cancel $6 billion in student loans for 200,000 borrowers who claimed they were defrauded by their colleges, the administration of U.S. President Joe Biden said.
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Are you eligible for a rollover?
Below is a chart that indicates your ability, or inability, to roll over funds from one existing retirement account to another. Moving some accounts may cause a taxable event, indicated by a star on the chart (We recommend consulting with a financial advisor in these situations).
After checking out the chart below, you may find you are eligible for a rollover. If so, this could be the perfect time for you to move a portion of your retirement account into iTrustCapital.
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