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Editorial: Impose Fees on Big Banks
Posted on January 28th, 2010 No commentsPresident Obama’s proposed Financial Crisis Responsibility Fee, which would tax about 50 of the nation’s biggest banks $9 billion a year over a decade, is “sound economic policy, because it will discourage bad behavior by those who were guilty of atrocious judgment in the years leading up to the collapse of the credit system,” the Milwaukee Journal Sentinel writes in an editiorial.
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Milwaukee Area Home Prices Drop 7.7% in ’09
Posted on January 28th, 2010 No commentsAverage home prices in the Milwaukee area fell by 7.7 percent in 2009 and are expected to decline another 3.4 percent this year, the Fiserv Case Shiller Indexes show. Read more in the Milwaukee Journal Sentinel.
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Northwestern Mutual Pays 2nd Highest Dividend
Posted on January 28th, 2010 No commentsNorthwestern Mutual Life Insurance Co. said it will pay $4.7 billion in dividends to policy owners this year, even as the company’s net income fell 33.5 percent to $321 million from $483 million in 2008. The company said 2,340 new full-time financial representatives joined its network in 2009, up 12 percent from 2008. Read more in the Milwaukee Journal Sentinel.