In more long-awaited fallout from the mortgage crisis, Federal prosecutors today sued the Bank of America and Countrywide Financial for a scheme to defraud the government via a program called "The Hustle."
Yes, they called it "The Hustle." Its purpose: allegedly to process home loans at high speed ... More >>
Foreclosures rates are rising--and will continue to rise--across the US, and for the past few weeks, The Voice has been visiting homes that are about to, or have been, sold at foreclosure auctions, in an effort to put a face on the crisis and allow them to tell their story.
A recent project by New ... More >>
Last week, when we told you Newt Gingrich was the GOP's flavor of the month, you could have been forgiven for being skeptical. That Newt Gingrich? The former Speaker of the House who pissed off most of the country by shutting down the government? Who was fined by Congress for ethics violations? Who ... More >>
Today in new drinking songs that you will probably hear at some point, no matter how removed from mainstream country culture you believe you might be: "Red Solo Cup," Toby Keith's ode to those disposable party cups that you can buy by the sleeve and write your name on so that nobody makes off ... More >>
Documents tying the CIA to the Qaddafi-led Libyan government were found in an abandoned office in Tripoli, the New York Times reports. The findings, which have not been verified for authenticity, allude to the practice of the American intelligence agency handing over terror suspects to the Li ... More >>
The Tishman Speyer/Black Rock Realty partnership which bet $5.4 billion that they could convert Stuyvesant Town and Peter Cooper Village to market rate housing in a booming real estate market that no longer exists moved one step closer to a total loss on Friday when it missed a $16 million mo ... More >>
As we said earlier, there's a Rent Guidelines Board meeting tonight where they're expected to approve our new rent hikes. The only humanizing touch in the whole Soviet-style deal is the protests that took place earlier this evening outside Cooper Union, where the vote is to be held. The 60 or so pr ... More >>
President Obama came down on the credit card companies. They're still trying to hang the socialist and elitist raps on him, but they don't seem to be sticking.
Mayor Bloomberg got mad as hell about the MTA fare hike -- but didn't bother to tell his friends in Albany. His "Puppets for Educational ... More >>
Trilateral Commission Alert! David Kellermann, Acting Chief Financial Officer and Senior Vice President of the troubled mortgage lender Freddie Mac, has been found dead in his home. His wife is said to have reported him a suicide. Previously the company's Principal Accounting Officer, the 41-year-ol ... More >>
The Federal Election Commission has been on Reverend Al Sharpton's case for years, and this morning the Post reports that the Feds will soon announce a deal with the minister, whereby he will pay $285,000 in fines for illegal handling of funds in his hilarious 2004 Democratic Presidential campaign. ... More >>
The Street sorta liked the Federal Reserve's idea to invest over $1,000,000,000,000 of your money into your economy, which sounds like a wash but still makes us feel as if we've been gypped. $300 billion will go to buy T-bonds -- which news quickly drove demand up and yields down. The Fed will also ... More >>
As Atrios likes to say: Wheee! If you don't have a sled, you can enjoy a vicarious, bumpy downward slide via the Dow, which at this writing hovers around 6850. AIG's astonishing $61.7 billion 4th-Quarter loss and the resignation of Freddie Mac boss David Moffett can't be helping. The Smart Asset put ... More >>
The new, transparent White House sends out the text of speeches ahead of time, so we don't have to watch the President announce in Phoenix this afternoon that he'll ask Congress for up to $75 billion to bail out the housing market. First, they'll remove existing restrictions on Fannie Mae and Freddi ... More >>
It's time to stop pinning the "news" tag on Gary Ackerman's angry outburst at the SEC yesterday for not stopping Bernie Madoff.
Perhaps the most entertaining part of the House hearing, yes. But while the New York Democrat yelled at the SEC, whistleblower Harry Markopolos spoke more softly but cut d ... More >>
Bad news for high rollers: the President says he and his Treasury Secretary agree that companies receiving TARP funds from the Feds will be instructed to cap executive compensation at half a million dollars. That's half a million per exec, not half a million total.
Obama had previously expressed ... More >>