Bill would reinvest state money in state banks

By Kate Nash: The Santa Fe New Mexican State Rep. Brian Egolf is taking the `keep it local’ mantra to the extreme. Under a bill he’s carrying this session, the state would pull the roughly $1.4 billion it has in a Bank of America account and invest it in New Mexico banks. Egolf, D-Santa Fe, […]

Banks can’t be regulated against failure

Freedom New Mexico Rep. Barney Frank, D-Mass, chairman of the House Banking Committee, and Sen. Christopher Dodd, D-Conn., chairman of the Senate Banking Committee, each have introduced sweeping bills to overhaul regulation of the country’s financial system. Despite differences — Frank’s bill would expand the power of the Federal Reserve while Dodd’s bill would limit […]

New credit bill will be painful fix for economy

Freedom New Mexico Banks are quietly changing credit card terms because of a law approved by Congress, ostensibly to prevent credit card abuses. Its effect, however, will be to restrict credit further and prompt banks to switch fixed-interest accounts to variable rates that can be increased even more quickly. The nobly named Credit Card Accountability, […]

Editorial: Government bullied banks into TARP funds

A few smaller banks have begun to repay money loaned to them under the Troubled Assets Relief Program begun with $700 billion in October when the depth of the financial crisis became apparent, and the government decided some troubled financial institutions were “too big to fail.” But interestingly, repayment is not just a matter of […]

Government’s hand doesn’t belong in banks

Freedom New Mexico With the government, under a Republican president, taking equity positions in banks as it has injected money into various financial institutions, the talk around Washington is whether under a Democratic president the government will go ahead with what seems to some the next logical step: Why not just nationalize certain banks and […]

Banks owed no privacy when using tax dollars

Freedom New Mexico Can you imagine lending a relative several thousand dollars and then being told it’s none of your business whether that relative spent the money doing as promised (to pay off debts and get his fiscal house in order) or whether he blew the cash on fancy vacations and jewelry? Well, as The […]

Banks should have been held accountable

Freedom New Mexico Last week the financial industry was

More residents utilizing food banks and thrift stores

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CNJ staff photo: Tony Bullocks Frances Vanderford of Clovis shops at the Goodwill store on Thursday. She said she frequently shops at Goodwill because she can buy more with her money there. By Gabriel Monte: CNJ staff writer To stretch her dollars, Frances Vanderford said she shops at the Goodwill thrift store about twice a […]

Church has big history

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CNJ staff photo: Andy DeLisle Pastor Bill Banks, left, stands with long-time Central Christian Church members, from left, Jack Pierce, Janet Pierce, Gene Brian, Beth Brian and Wanda Horton in the church’s sanctuary. By Tonya Fennell: CNJ staff writer Central Christian Church was once the largest Christian church in New Mexico, according to church records. […]

Central Christian preacher settling in

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Bill and Karen Banks moved from Oregon so Bill could become pastor of the Central Christian Church. (Staff photo: Andy DeLisle) By Tonya Fennell: CNJ staff writer Bill Banks is a mail-order preacher. Or at least that’s the tongue-in-cheek story he tells about how he came to be the new pastor of Central Christian Church. […]