| 10 Tips: Beat 'Gotcha Capitalism'
For nearly two and a half years, msnbc.com writer Bob Sullivan has been exposing scams and sneakiness through his blog, The Red Tape Chronicles. Based on his investigative reporting, Bob has written a book, “Gotcha Capitalism: How Hidden Fees Rip You Off Every Day – and What You Can Do About It." Bob's book highlights the machinations of a system that is rigged to make most consumers throw up their hands and simply give up. After all, who has the time to wade through an avalanche of fine print and decipher all the incomprehensible fees on their cell-phone bills, credit-card bills, cable bills, hotel bills, retirement plans, gym memberships, bank statements, mortgages and student loans? .
Capital One's mortgage pain & gain
We're pulling back on loan growth, focusing on our most resilient businesses and closely managing credit with the insights and experience we have garnered in prior economic downturns." Its shares rose $4.39, or 11 percent, to $44.20 Wednesday and have traded between $37.41 and $83.84 in the last 52 weeks. Capital One, a credit card issuer that continues to expand into retail banking, said it is taking a $1.9 billion provision for loan losses in the fourth quarter, including about $1.3 billion it expects to write off as uncollectible. The company is also adding about $650 million to its charge-off allowance because of recent delinquencies in its consumer lending businesses in "recognition of the weakening trends in the U.S. economy." The company has worked hard to expand beyond its credit card roots into banking and mortgages.
Fitch Ratings Affirms PaineWebber Mortgage Securities Corp. 1993-8
--Class M-2 affirmed at 'AAA'. The affirmation reflects a stable relationship between credit enhancement (CE) and expected loss and affects approximately $283,000 of outstanding certificates. The transaction is seasoned 169 months and the pool factor for the transaction (current principal balance as a percentage .
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