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2 Nov 2010, 11:00 am
(The bank bailout was, I believe, necessary by that point, but it could have been handled--as I argued at the time--by methods that would have exacted a much higher price from bank managers and shareholders, without the Paulson-originated, bank-friendly provisions that allowed bankers to retain (privatize) their gains while casting on us (socializing) their losses.) [read post]
2 Nov 2010, 8:21 am
But Unicredit America Inc. deserves an "A" for effort and/or some sort of creativity prize. [read post]
2 Nov 2010, 5:47 am
[NYLJ, NYDN] Tags: attorneys general, New York Related posts May 2 roundup (3) July 12 roundup (3) Cuomo suit: minority listeners undercounted in radio ratings (4) Bank of America disclosure controversy (0) At times they even talk alike (0) [read post]
2 Nov 2010, 5:35 am
According to Bank of America, “75 million households will join the middle-class and total urban consumption will hit 13.3 trillion yuan ($1=6.680 Yuan). [read post]
1 Nov 2010, 12:51 pm
A whistleblower has informed the SEC that Bank of America sold complex derivatives products to customers during the financial crisis without disclosing their substantial risks [read post]
1 Nov 2010, 10:53 am
In Vodopia, the plaintiff, John Vodopia, a former in-house patent attorney for Philips Electronics of North America, alleged that his employment was terminated after various attempts to report that several patents acquired by defendants from an outside company had been obtained through fraud on the United States Patent Office and thus were likely to be declared invalid. [read post]
1 Nov 2010, 10:42 am
Think what would happen if corporate giants like AT&T, Verizon, BP Oil, Wells Fargo, AIG, and Bank of America were able to avoid class action litigation. [read post]
1 Nov 2010, 9:30 am
Banks should be in the business of lending to America's small businesses and families, not using our money to run a private casino where the House always wins. [read post]
1 Nov 2010, 7:13 am
It’s also proof positive that the guys on Wall Street have lost it… or never had it… but it makes clear that the sum total of what they know about living in America today you could put in a thimble and still have room for your finger tip. [read post]
1 Nov 2010, 6:53 am
In Vodopia, the plaintiff, John Vodopia, a former in-house patent attorney for Philips Electronics of North America, alleged that his employment was terminated after various attempts to report that several patents acquired by defendants from an outside company had been obtained through fraud on the United States Patent Office and thus were likely to be declared invalid. [read post]
1 Nov 2010, 3:00 am
When the securitization process took off in the early 2000s, banks became sloppy. [read post]
31 Oct 2010, 11:00 pm
Small deposits into low yield accounts for the backbone of America: working folk. [read post]
31 Oct 2010, 10:01 pm
In 1997, a complex series of deals between Enron and Bank of America helped Enron inflate its income. [read post]
31 Oct 2010, 2:13 pm
That Broder column fits with the rest of the GOP policies, which generally suggest that spending on military might is just dandy, but spending on the public infrastructure and safety net for the vulnerable is wasteful, or that tax cuts for the super-rich are fine, but earned income tax credits for the poorest amongst us are not, or that deregulation of banks will lead us to growth while regulation to include a consumer protection agency will hamper banks' ability to… [read post]
31 Oct 2010, 12:30 pm
Looks like at least one state attorney general isn't going along with that plan:In two letters released Friday, Attorney General Richard Cordray criticized a number of banks and loan-servicing companies, including Wells Fargo & Co.; Ally Financial Inc.'s GMAC Mortgage; Bank of America Corp.; and J.P. [read post]
30 Oct 2010, 6:37 pm
And, isn’t it amazing that Bank of America, a servicer that is supposedly so overwhelmed and understaffed that it can’t seem to approve a loan modification in under six months and then, only after being sent the same documents four or five times, has had no trouble at all ascertaining that its recordkeeping related to millions of mortgages is A-OK? [read post]
30 Oct 2010, 1:00 pm
But Obama is spending more to invade Afghanistan or save some mega bank from its own stupidity. [read post]
30 Oct 2010, 11:54 am
It emerges from the fear that America’s best days are behind it. [read post]
30 Oct 2010, 11:34 am
"A group of investors in bankrupt Tribune Co (TRBCQ.PK) sued JPMorgan, Merrill Lynch, Citicorp and Bank of America, claiming the banks arranged $3.7 billion in loans in 2007 they knew the company could never repay. [read post]
30 Oct 2010, 3:00 am
Wake up, America. [read post]
