Tag: Credit
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 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
Decoding the GOP Argument Against Punishing Banks for Their Mortgage Crimes
by Abigail Field on Mar.11, 2011, under Towing
Almost as soon as regulators proposed a settlement for the mortgage mess that would require banks to obey the law, the banks’ Republican allies began trying to weaken it through obfuscation and confusion. Read on for some plain English translations of their arguments against the settlement.
Continue reading Decoding the GOP Argument Against Punishing Banks for Their Mortgage Crimes
Decoding the GOP Argument Against Punishing Banks for Their Mortgage Crimes originally appeared on DailyFinance on Fri, 11 Mar 2011 12:00:00.
Filed Under: Columns, Economy, JP Morgan Chase, Bank of America, Citigroup, Wells Fargo & Co, Real Estate, Credit
How an Oil Baron’s Heir Cleaned Up a $1.4 Billion Internet Scam
by Peter Cohan on Mar.10, 2011, under Towing
For the past decade, a few clever companies have been running an online scheme that tricked consumers into joining so-called membership clubs and charged their credit cards without their consent. But thanks to Sen. John Rockefeller, the era of this $1.4 billion con is coming to an end.
Continue reading How an Oil Baron’s Heir Cleaned Up a $1.4 Billion Internet Scam
How an Oil Baron’s Heir Cleaned Up a $1.4 Billion Internet Scam originally appeared on DailyFinance on Thu, 10 Mar 2011 14:00:00.
Citigroup: The Most-Shorted Stock in America
by Douglas McIntyre on Mar.10, 2011, under Towing
Citigroup is the most-shorted stock on any major U.S. exchange. Its position at the top of the pack is due to the bank’s stock price and ongoing concern about its balance sheets and mortgage foreclosure practices.
Continue reading Citigroup: The Most-Shorted Stock in America
Citigroup: The Most-Shorted Stock in America originally appeared on DailyFinance on Thu, 10 Mar 2011 06:30:00.
Filed Under: JP Morgan Chase, Ford Motor Co, Bank of America, Citigroup, Credit
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