17 posts tagged with Money and banking. (View popular tags)
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Chext is a site that enables the user to enter transactions and track their bank balance via SMS. People sharing a bank account can also get updates when money is spent from the account by the other person. [more inside]
posted by reenum on Sep 19, 2011 - 30 comments

Out of thin air? "Have you ever said something like 'Let me buy you a beer next week'? I'm sure you have. We all issue promises of this sort. And we frequently use such promises as a form of currency... I have just described a simple credit exchange. Societies rely heavily on promising-making and promise-keeping. It is the foundation of all financial markets. I'd like to point out something about the promises you make. They are made 'out of thin air.' " [more inside]
posted by kliuless on Apr 14, 2011 - 47 comments

Interview with Gary Gorton (pdf) - Fascinating look at private institutional bank money creation (really) and subsequent run on the shadow banking system that hearkens back to the late-19th century banking crises with securitization playing the role of checking before the advent of deposit insurance. "Gorton is a lucid narrator of a complex tale." (via via)
posted by kliuless on Jan 14, 2011 - 10 comments

Patsy Campbell has been fighting her foreclosure in Florida courts for the past 25 years. She has not made a mortgage payment since 1985 while foiling the efforts of several banks to evict her from her home in Okeechobee, Florida.
posted by reenum on Dec 30, 2010 - 150 comments

Who would have thought it? The UK has withdrawn the 500 Euro note after an investigation by SOCA discovered that 90% of the notes in circulation were linked to crime. Nicknames the ‘Bin Laden’ (you know its out there somewhere) the purple note worth $630 is a favourite of the criminally minded due to its ultra-portability and acceptance throughout mainland Europe. Drug investigations in Latin America time and time again turn up large amounts of currency in this form. According to Columbian financial regulators 234K Euros was legally imported and declared into the country but trails of 600M Euros being exported were discovered. Whilst money laundering and fraud relating to the Euro is nothing new the decision to put into circulation such a high note must now be being questioned at the highest levels.
posted by numberstation on May 13, 2010 - 95 comments

Basicland vs. Sorrowland
A parable about how one nation came to financial ruin by Charles Munger. For extra colour there's... [more inside]
posted by kliuless on Mar 2, 2010 - 34 comments

Might the consumer banking revolution be coming? "Yodlee is the engine behind the online banking operations of most banks in America — and, for that matter, of mint.com... and it's now going to open up that database to software developers around the world." With mobile internet adoption soaring, the birth of iBanking may not be that far behind. An upgrade of payment and financial information systems could be closer than you think. [more inside]
posted by kliuless on Dec 11, 2009 - 33 comments

Neil Barofsky, special inspector general for the Troubled Asset Relief Program, says: If the goal was to increase lending, well we haven't increased lending. ... Banks that were too big to fail are bigger than ever. ... When TARP was announced, the whole purpose was a statement that we're not going to let our large financial instiutions fail. And with that I think we may be in a far more dangerous place today than we were a year ago. (via)
posted by Joe Beese on Sep 26, 2009 - 15 comments

Dating A Banker Anonymous Are you or someone you love dating a banker? If so, we are here to support you through these difficult times. Dating A Banker Anonymous (DABA) is a safe place where women can come together – free from the scrutiny of feminists– and share their tearful tales of how the mortgage meltdown has affected their relationships. Via
posted by ColdChef on Jan 28, 2009 - 167 comments

Oil's got one. So does cocaine. There used to be one for light bulbs and another for uranium. While we know one currently exists for diamonds, some folks think the music industry has one. [more inside]
posted by Mutant on May 5, 2008 - 21 comments

50 fun facts about banks.
posted by jbickers on Jan 16, 2008 - 40 comments

Art Money is an alternative, worldwide currency in the form of original works of art. The Bank of International Art Money is an independent organization directed by artists and free from any form of government financing.
posted by fandango_matt on Oct 15, 2006 - 7 comments

Your Check Won't Float As of Thursday, October 28, "floating" checks will become a thing of the past. Be forewarned or stand by for major insufficient funds fees on your accounts. More info inside.
posted by Pressed Rat on Oct 26, 2004 - 71 comments

When she sees the SIZE of your bank balance, she'll be digging YOUR "gold" in no time! Today's Independent on Sunday newspaper carried the story of these fake ATM receipts showing a balance of $314,159.26.

"After you write your number on this receipt (conveniently folded in your wallet), hand it to the member of opposite sex and watch how fast they call you!"

Tragically, they look nothing like UK ATM receipts, but it had me wondering - what's the lowest-down dirtiest line/ trick you (sorry: I mean, a friend of yours) ever pulled in an attempt to impress a member of the desired sex?
posted by Pericles on Jun 8, 2003 - 45 comments

My name is Rod and I can't handle Money. "You see, I never open my bank statements, ever. My only point of contact with my bank is through the ATM next door to the estate agents in Warminster. Even here, I never knowingly press that button which tells you what your balance is, and if I press it by mistake I screw shut my eyes." This is me. Is it you? What's wrong with us? Chrometophobes unite.
posted by grahamwell on Apr 2, 2003 - 74 comments

Recent news reports have started me wondering about Swiss bank accounts and other offshore banking options. Whether you want to protect your assets, live tax free, incorporate with few regulations, launder money, or just escape from the US, an offshore account seems to be the way to go. Just make sure you don't get scammed.
posted by MeetMegan on Oct 24, 2002 - 13 comments

Coinstar seems like a good idea, however, in the FAQ, they don't give the exact amount of the service charge. How odd.
posted by starduck on Jun 18, 2000 - 15 comments

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