Quelle Surprise! Fed Economists Side Firmly With Bank Criminality Over the...
Quelle Surprise! Fed Economists Side Firmly With Bank Criminality Over the Rule of Law Although Dave Dayen and Abigail Field have already given a well-deserved shellacking to a remarkable piece of bank...
View ArticleGot Pension? | Work For A State Or Local Government? Read This
The Market Ticker — Work For A State Or Local Government? Read This I’ve tried to warn you all about this if you’re a firefighter, cop, teacher or otherwise employed by a state or local government —...
View ArticleReuters: Romney could name VP as early as next week
Emphasis on “could.” They have no inside information that he will, but the circumstances of this campaign are such that it might make sense to do it sooner rather than later. As they work from a short...
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Reuters poll as reliable as you’d expect
Obama up 6 … when only 26% of registered voters are Republican. At least Reuters/Ipsos was more successful than the WaPo/ABC poll yesterday. The latter had a D+9 sample but could only muster a tie...
View ArticleBank of America Shareholders May Pursue Lawsuit Over MERS, Mortgages
BofA shareholders may pursue lawsuit over MERS, mortgages (Reuters) — A federal judge refused to dismiss a lawsuit accusing Bank of America Corp (BAC.N) of misleading shareholders about its exposure to...
View ArticleWells Fargo to Pay $175 Million in Race Discrimination Probe
Wells Fargo to Pay $175 Million in Race Discrimination Probe (Reuters) — Wells Fargo & Co has agreed to pay $125 million to resolve allegations it discriminated against certain borrowers on the...
View ArticleYou Dirty Rat | Deutsche Bank Turns Prosecution Witness in Libor Probe
Deutsche Bank gets prosecution witness status in rate probe (Reuters) — Deutsche Bank (DBKGn.DE) may escape with a lighter penalty than other banks in Europe if investigators impose fines in the wake...
View ArticleCriminal Inquiry Shifts To JPMorgan’s Mispricing Of Hundreds Of Billions In CDS
Criminal Inquiry Shifts To JPMorgan’s Mispricing Of Hundreds Of Billions In CDS: Is Dimon The Next Diamond? From Reuters’ Matt Goldstein and Jennifer Ablan: Before last week’s disclosure, the criminal...
View ArticleStraight Outta Compton… Straight Into Default – City May Declare Bankruptcy...
City of Compton may declare bankruptcy by September: officials (Reuters) — The City of Compton, a city of 93,000 people located on the outskirts of Los Angeles, must decide by September 1 whether to...
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Debunking the latest global warming hysterics
Complete with leftist media bias! In last couple of months, two studies have been released showing climate change is expected to have a devastating impact on the East Coast and West Coast of the...
View ArticleForeclosure Rates Surge For Older Americans, AARP Says
“I planned to die in that house,” he said. “But I guess it won’t work out that way.” ~ Facing Foreclosure After 50 MABLETON, Ga. — Roy Johnson fell so far behind on his $1,000-per-month mortgage...
View ArticleBanks in Libor Probe Consider Group Settlement
Exclusive: Banks in Libor probe consider group settlement — sources ZURICH/WASHINGTON (Reuters) — A group of banks being investigated in an interest rate rigging scandal are looking to pursue a group...
View ArticleU.S. Banks Haunted by Mortgage Demons That Won’t Go Away
U.S. banks haunted by mortgage demons that won’t go away * Banks say Freddie Mac and Fannie Mae getting more aggressive * Bank of America faces biggest possible losses July 19 (Reuters) — Lenders like...
View ArticleGuilty | Four People Sentenced to Death for Billion-Dollar Bank Fraud
Iran sentences four people to death for bank fraud * Islamic Republic’s biggest bank scam tainted government * Ahmadinejad denies fraudsters linked to top officials * Four condemned to hang, others get...
View ArticleFAIL | Edward DeMarco Rejects Gov’t Mortgage Write-Down Plan
Regulator rejects gov’t mortgage write-down plan WASHINGTON (Reuters) — The top U.S. housing regulator rebuffed the offer of taxpayer funds to reduce mortgages held by struggling homeowners on Tuesday,...
View ArticleIn re: JPMorgan Chase Mortgage Modification Litigation | JPMorgan Chase Fails...
JPMorgan Chase Fails to End US Mortgage Modification Lawsuit * Homeowners claim bank misled them about modifications * Excess fees, unnecessary foreclosures alleged * Judge dubs some fee justifications...
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Revealed: Obama approves “secret” U.S. aid to Syrian rebels
Secret no more. Go figure that, fresh off a Mitt Romney foreign policy tour designed to draw a contrast with O over “strength,” we get a fresh new leak about what The One is doing to kick terrorist...
View ArticleJail JP Morgan | JPMorgan Seeks to Limit Peregrine Trustee’s Subpoena Power
The Market Ticker — Jail JP Morgan The arrogance of these clowns knows no boundaries. CHICAGO, Aug 6 (Reuters) — JPMorgan Chase & Co on Monday sought to limit the power the bankruptcy trustee for...
View ArticleDoes the Revolving Door Affect the SEC’s Enforcement Outcomes? New Study Says...
New study says SEC revolving door not important. Don’t believe it Aug 6 (Reuters) — My hat is off to the four authors of a new study called “Does the Revolving Door Affect the SEC’s Enforcement...
View ArticleNY Throws A Wrench Into Crony Banksterism
The Market Ticker — NY Throws A Wrench Into Crony Banksterism Hoh hoh hoh…. (Reuters) — The Treasury Department and Federal Reserve were blindsided and angered by New York’s banking regulator’s...
View ArticleU.S. Banks Told to Make Plans for Preventing Collapse
EXCLUSIVE-U.S. banks told to make plans for preventing collapse * Regulators asked five big banks to make “recovery plans” * Banks include BofA, JPMorgan and Goldman Sachs * Plans outline asset,...
View ArticleMust be God’s Work – Goldman Says SEC Drops Probe into its Role in MBS Deal
Goldman says SEC drops probe into its role in MBS deal (Reuters) — The U.S. Securities and Exchange Commission has dropped an investigation into Goldman Sachs Group Inc’s role in selling $1.3 billion...
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NBC, Reuters: Weekly jobless claims jump “unexpected”
Seriously? For those readers who wonder why I haven’t written about the weekly initial jobless claims, it’s because they haven’t produced any significant news over the last few weeks. The changes...
View ArticleSEC Probing Ally’s (GMAC) ResCap for Possible Mortgage Fraud
SEC probing ResCap for possible mortgage fraud Aug 28 (Reuters) — The U.S. Securities and Exchange Commission is investigating Ally Financial mortgage unit Residential Capital for possible misconduct...
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Consumer confidence drops to 2012 low
Or did it? How do voters feel about the economy? Why not ask consumers in general? According to Reuters, consumer confidence dropped sharply to its lowest level in nine months — while its analysts...
View ArticleResCap (GMAC) Executive Bonus Plan Rejected by Judge
ResCap executive bonus plan rejected by judge (Reuters) — A federal bankruptcy judge on Tuesday rejected Residential Capital LLC’s proposal to pay as much as $7 million of bonuses to 17 senior...
View ArticleCitigroup to Settle MBS Suit for $24.9 Million
Citigroup to settle MBS suit for $24.9 million (Reuters) — Citigroup Inc has agreed to pay nearly $25 million to settle a lawsuit by investors who said they were misled about the quality of...
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