As multiple lawsuits and SEC actions progress in relation to the nation’s mortgage mess, it’s becoming clear that the misbehaviors of the lawyers involved at all stages were not isolated incidents: The misconduct was systemic, …
Without a doubt, this country’s debt overhang needs to be chopped considerably. But does a large national debt doom a nation to economic ruin? Only if you believe that countries like Germany, France, and Japan are economic bask…
The Financial Crisis Inquiry Commission’s report concludes that ineffective regulators and big banks were the primary causes of the financial meltdown. Next stop: Government and class action lawsuits to recoup some of what we a…
JPMorgan Chase may come to regret buying Bear Stearns. Suits by Wells Fargo and bond insurer Ambac claim that Bear entirely disregarded loan quality to appease its trading desk’s ever-growing demand for mortgages to securitize….
Equifax has ranked the U.S. metropolitan areas that are still suffering the most from high credit card debt, and found the majority of the areas with the highest debt-to-income ratios are located in six states. But the six migh…