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Protecting Our Banks

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Finance

Upcoming Changes To U.S. Currency

Secretary of the Treasury Jack Lew recently announced a series of significant changes to U.S. currency. Here are some of the more notable alterations on the horizon

Head Of IRS Has Personal Filing System To Keep Track Of Nation’s Tax Returns

Commissioner’s Office Cluttered With 100 Million Folders

WASHINGTON—Pointing out the towering stacks of manila folders cluttering his desk and stepping carefully around the millions of forms laid out on his office floor, Commissioner of the Internal Revenue Service John Koskinen showed reporters Thursday his own personal filing system for keeping track of everyone in the nation’s tax returns.

Grandmother Palms Grandson $10 Like She Fixing Boxing Match

NEW BEDFORD, MA—Waiting until her daughter and son-in-law were occupied getting drinks in the kitchen following a family dinner at her home Sunday, local grandmother Ellen Sullivan, 72, is said to have palmed her 11-year-old grandson Jason Tucci $10 like she was fixing a heavyweight boxing match.

Koch Brothers Get Each Other Same Election For Christmas

WICHITA, KS—Chuckling and shaking their heads as they described their annual family gift exchange to reporters, Koch Industries executives Charles and David Koch confirmed Wednesday they had unwittingly gotten each other the same election for Christmas this year.

Budget-Conscious Obamas Strongly Pushing Malia Toward UDC Community College

WASHINGTON—Repeatedly emphasizing the benefits of completing her core requirements at a fraction of the cost of a four-year school, President Barack Obama and First Lady Michelle Obama continued their efforts this week to persuade their 17-year-old daughter, Malia, to attend the University of the District of Columbia Community College.
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Protecting Our Banks

The Federal Deposit Insurance Corporation, the body that insures bank deposits up to $100,000, has raised the number of "troubled banks" to 117. What is being done to keep the banks from going bust?

Holding a money drive where community members are encouraged to bring all of their unused cash to a local bank

Heart-wrenching bank scene from It's A Wonderful Life playing on a loop in the lobby

As morale boost, scent of cash pumped constantly through bank

Poorer customers now charged preemptive overdraft fees

Oversized foam-core cutouts of $100 bills will be placed on easels in bank lobbies to allay patrons' worries about their bank's solvency

Holding a contest to give one lucky bank 30 minutes with a shopping cart inside the U.S. Treasury building

Planting a $5 bill in vault and seeing what happens

Introducing tough new criteria for prospective borrowers, such as having a job

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