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Bankers Arrested In Iceland, Ireland, UK, USA, Switzerland, India, France, Russia, Austria VIRAL 4

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Lurid Subprime Scams Unveiled in Long-Running Fraud Trial

Lost amid the hoopla over JP Morgan Chase’s record-setting $13 billion settlement this fall was news of another monster court resolution – a $2.46 billion judgment, the largest ever awarded after trial in a securities fraud class action case, handed down in

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Pending Home Sales Plunge At Fastest Pace Since April 2011

For the 5th month in a row, pending home sales missed expectations (though a silver lining is a positive print MoM – breaking a 5-month streak). Year-over-year, home sales collapsed at 4% – its worst drop since April 2011, and

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Ap Impact: The World Braces For Retirement Crisis

WASHINGTON (AP) — A global retirement crisis is bearing down on workers of all ages. Spawned years before the Great Recession and the financial meltdown in 2008, the crisis was significantly worsened by those twin traumas. It will play out

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Eminent Domain: A Long Shot Against Blight

By SHAILA DEWAN You can’t fight city hall, the saying goes. But Gayle McLaughlin, the mayor of Richmond, Calif., a city of 100,000 souls, would tell you that fighting Wall Street is harder. Even for city hall. Ms. McLaughlin has

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The Winners of the ‘Chase Twitter Fail’ Haiku Contest

Last week, I ran a quick post in this space (“Chase’s Twitter Gambit Devolves into All-Time PR Fiasco“) on the epic Twitter fail that was JP Morgan Chase’s planned #AskJPM online Q&A. For those who missed it, this was that outstanding

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Man Dead in Dania Beach Home Fire

A man was killed in a house fire in Dania Beach on Wednesday. Friends identified the man as Tad Vaughn, and authorities said they believe he killed himself. “I was standing in front of his house before the fire department

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Insight: A new wave of U.S. mortgage trouble threatens

(Reuters) – U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to the country’s biggest banks. The loans are a problem now because

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Bob Shiller on House Appreciation “It’s Different Now, We Can’t Trust Momentum”

“I just don’t see evidence that people believe we are launching into a great new era” of home price appreciation,”that’s what we had in the early 2000s.” Simply put, he chides Faber and Cramer, “people are not so excited about

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Former Foreclosure King David Stern is ending his fight to hold onto his law license

TALLAHASSEE, Fla. (AP) — The Florida lawyer whose firm was handling tens of thousands of foreclosure cases at the height of the financial crisis is ending his fight to hold onto his law license. The likely disbarment of David Stern

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