Banks shuttered in Fla., Ill., Md., Utah
Thursday, March 17th, 2011Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
European stock markets gain ground
Thursday, March 17th, 2011Europe’s main stock markets rose Friday as investors awaited crucial economic data and tracked US attempts to rein in the banking sector, dealers said.
New Obama Mortgage Plan: A Backdoor Bank Bailout
Thursday, March 17th, 2011We are looking at tens of billions of taxpayer dollars again being funneled to the very banks behind the mortgage crisis.
Mortgage Fraud Rises For Fifth Consecutive Year
Thursday, March 17th, 2011Mortgage fraud increased in the U.S. for the fifth consecutive year, according to the Appraisal Institute. The institute, an organization of 25,000 real estate appraisers, reported a 7% increase in fraud reports from 2008 to 2009. The increase was sizable but much smaller than the 20%-plus jumps the market saw each year from 2005 to [...]
One Firm Refused to Aid a Goldman C.D.O. Plan
Thursday, March 17th, 2011A little-known investment firm has found itself caught up in the Securities and Exchange Commission’s fraud case against Goldman Sachs, The Wall Street Journal reported.
« Previous Entries