From a century ago, union-busting and bank failures
Wendy Long, the Republican Senate candidate who has quite a few ideas for your vagina, also has some ideas for banks. Writing about financial reform in a Wall Street Journal op-ed, "A Smarter Approach to New York's Banks," she takes on political rival Sen. Kirsten Gillibrand's "punitive" view on f ... More >>
In a case that should resonate with the protesters down in Zuccotti Park, three San Francisco bank officials have been charged with fraud after receiving nearly $300 million in federal bail out money during the Bush era financial crisis. United Commercial Bank CEO Thomas Wu, along with vice ... More >>
A consequence of our sucky economy: The city estimates that around 125,000 housing units will go into foreclosure over the next two years. In many cases, owners (including banks) are trying to unload these buildings, and while they wait, living conditions deteriorate drastically for tenants ... More >>
We thought the age of celebrity candidates ended with Jesse Ventura. Then, with Arnold Schwarzenegger. Then, with Al Franken. Then, with Caroline Kennedy, Mort Zuckerman, Larry Kudlow... Oh, who are we kidding, it never ends. Now we hear "multiple sources confirm" that Mike Bloomberg's girlf ... More >>
Treasury spokeswoman Meg Reilly announced Saturday that the Obama administration plans to step up their efforts to pressure mortgage companies receiving government bailout funds to modify loans and keep homeowners from defaulting. Along with slowing payments to uncooperative mortgage lender ... More >>
It wasn't your overdue mortgage.
The FDIC's work on IndyMac, which it seized in July, has not been in vain! Today it announced that it will sell the troubled lender to IMB HoldCo LLC, a consortium including honchos of Paulson & Co, Dune Capital, and other financial companies, and buyout specialist J. Christopher Flowers. Former Mer ... More >>
Planned internet surveillance network proves spying is 'good government practice'
While congress is set to sit in judgment of President Clinton, many of its members have their own indiscretions to deal with. Lucky for them Ken Starr isn't investigating them and the notoriously lax ethics committee is.