Author Archive
What’s Really Wrong With Letting Big Banks Pay Bigger Dividends
by Abigail Field on Mar.23, 2011, under Towing
The Federal Reserve is finally admitting that not all the big banks are healthy: Bank of America won’t get to pay increased dividends. But none of those financial giants should be allowed to, and a logical look at the reasons they say they want to dole out the cash makes it totally clear why.
Continue reading What’s Really Wrong With Letting Big Banks Pay Bigger Dividends
What’s Really Wrong With Letting Big Banks Pay Bigger Dividends originally appeared on DailyFinance on Wed, 23 Mar 2011 14:30:00.
Filed Under: Company News, Columns, Economy, Investing, JP Morgan Chase, Bank of America, Credit
Why Is the Fed Letting Banks Boost Dividends?
by Abigail Field on Mar.21, 2011, under Towing
The Fed’s decision to allow big banks to pay sharply higher dividends makes no sense, and not just because the results of the so-called “stress tests” are secret. Based on facts that are public knowledge, the banks are actually insolvent, and in danger of sinking much further.
Continue reading Why Is the Fed Letting Banks Boost Dividends?
Why Is the Fed Letting Banks Boost Dividends? originally appeared on DailyFinance on Mon, 21 Mar 2011 11:30:00.
Filed Under: Columns, Economy, Investing, Real Estate
Why the Foreclosure Mess Settlement Proposal Can’t Fix the Damage
by Abigail Field on Mar.18, 2011, under Towing
State attorneys general and federal regulators are rushing to settle the robo-signing foreclosure mess created by the banks and get the real estate market back on its feet. But their proposals don’t fully address the one of the fundamental problems of the crisis: Who really owns all those homes?
Continue reading Why the Foreclosure Mess Settlement Proposal Can’t Fix the Damage
Why the Foreclosure Mess Settlement Proposal Can’t Fix the Damage originally appeared on DailyFinance on Fri, 18 Mar 2011 18:00:00.
Filed Under: Columns, Economy, Real Estate, Credit
Bank of America Document Leaks Allege Insurance Scams
by Abigail Field on Mar.14, 2011, under Towing
A former seven-year Bank of America employee alleges in a series of leaked documents that a Bank of America subsidiary, Balboa Insurance, engaged in scams involving insurance policies known as force-placed insurance.
Continue reading Bank of America Document Leaks Allege Insurance Scams
Bank of America Document Leaks Allege Insurance Scams originally appeared on DailyFinance on Mon, 14 Mar 2011 12:30:00.
Filed Under: Company News, Bank of America
BofA Offers to Help Fix Mortgages…If You’re a State Legislator
by Abigail Field on Mar.11, 2011, under Towing
Bank of America is reportedly offering legislators a special hot line with the bank, to help with homeowner’s mortgage modification. But no one else can have access to the number, not even the people who most need it.
Continue reading BofA Offers to Help Fix Mortgages…If You’re a State Legislator
BofA Offers to Help Fix Mortgages…If You’re a State Legislator originally appeared on DailyFinance on Fri, 11 Mar 2011 20:45:00.
Filed Under: Columns, Economy, Bank of America, Real Estate
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