U.S. banks to make $38 billion from overdraft fees: This is straight from Reuters. News is that banks are poised to make a whopping 38 billion dollars in these fees.
Sad thing is that this money of overdraft is made or lynched from financially stretched customers. These customers are already on the financial breakdown path [...]

Continue reading about Heres a followup to the Overdraft fees banks force you to cough up…..

Nowfal Ebrahim on August 9th, 2009

VCs are aggresively pushing company values down in the second quarter of this year. This was true almost 45% of he time investments were made compared to values of the company’s previous road.
That valuation is used to determine how many shares VCs get from the company in return for their money. The lower the value, [...]

Continue reading about Blood sport of Silicon Valley…. The Down Rounds

Nowfal Ebrahim on August 7th, 2009

This is an interesting piece I came across on the web. Kinda shows you the same tactics people play in all walks of life. Analyze and plot your next move.
—-Have you ever noticed that there are often times pennies on the parking lot of a dealership? If you want to be left alone…pick them up. [...]

Continue reading about Pennies in the parking lot

Nowfal Ebrahim on August 1st, 2009

Have you ever wondered why your bank will never call you or even let you set alerts for overdrafts on your account. Well if your account gets over the limit, your checking account, and this is one of the accounts you do not use regularly, do not be surprised to see your account balance in [...]

Continue reading about Bank Overdrafts- a weird one