Companies I Won’t Do Business With

Bad businesses

Good customer service is never an accident. The motivation to provide good service has a lot to do with a company’s culture. When Delta’s CEO talks about ‘customer satisfaction’, ‘quality’ and ‘good service’, I think he is mocking us all. When Jeff Bezos of Amazon says the same things, I know he means it. As […]

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What’s Next For Zecco Users

zecco-cancels-free-trades

Zecco put an end to their free trades last week enraging a lot of users in the bargain. Zecco was a relatively new entrant to the highly competitive discount broker space and had a number of users switch to their system due to their hard-to-beat offering of unlimited free trades with a minimum balance of […]

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Visa And MasterCard Plunge 10% On Debit Card Fee Cap

Buy Visa and Mastercard now?

Late afternoon yesterday, both Visa and Mastercard, two of the world’s largest payment networks, plunged more than 10% on the proposed debit card interchange fee cap. Visa, which was trading at over $79.16, fell to $67.19 and MasterCard fell to $223.49 from a high of $253.35. So what is an Interchange fee? Say you shop […]

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BofA How Low Will Thee Go?

moneycone-bofa-muni-scam

Last week, BofA agreed to pay $137 million for defrauding municipalities of millions of dollars by rigging muni bids in its favor. In 2007, BofA voluntarily informed the Justice Department of its role in this muni bond operation. Bank of America was involved in 88 cases involving muni bid rigging from 1998 to 2003. What […]

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