As the subprime fiasco shows, business practices that generate high returns for investors are often at odds with the interests of consumers
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Investors vs. Consumers: Misaligned Interests? (BusinessWeek Online via Yahoo! UK & Ireland Finance)
Posted by mortgage 1071 days ago (Editorial)Investors vs. Consumers: Misaligned Interests? (BusinessWeek)
Posted by mortgage 1071 days ago (Editorial)
As the mortgage loan securitization fiasco has shown, business practices that generate the highest returns for investors are often at odds with the best interests of consumers.
Fremont Indemnity Co. Liquidation Settlements Amount to $37.3 Million (Insurance Journal)
Posted by mortgage 1071 days ago (Editorial)
California Insurance Commissioner Steve Poizner announced that the California Department of Insurance Conservation & Liquidation Office (CLO) has settled four lawsuits that arose from the 2003 ...
Pension Drama Only Starting for West Virginia (The Charleston State Journal)
Posted by mortgage 1071 days ago (Editorial)
Investors who've lost money in the markets the last couple of years are looking for the deepest pockets they can to try to get back some of what they've lost.
County requires meetings before foreclosure (Louisville Courier-Journal)
Posted by mortgage 1071 days ago (Editorial)
Lenders trying to foreclose on a homeowner's mortgage in Jefferson County will be required to attend a meeting with the borrower under a program that begins this summer. Four of the county's 13 circuit court judges already are participating in the effort, and the rest will be added July 1.
The Media Consortium: Weekly Audit: Reining in the Subprime Scoundrels Economy NewsLadder (The Huffington Post)
Posted by mortgage 1071 days ago (Editorial)
by Zach Carter, TMC MediaWire Blogger President Barack Obama is scheduled to unveil his agenda for revamping financial regulation later this week. As the economy...
Citi settles Nikko Cordial accounting lawsuits (The Japan Times)
Posted by mortgage 1071 days ago (Editorial)
Citigroup Inc. said Wednesday it has settled a lawsuit against three former executives of subsidiary Nikko Cordial Corp., ending a two-year court battle stemming from an accounting scandal at the firm. Citigroup settled with Junichi Arimura, the former chief executive officer of Nikko Cordial, and two other former managers, on June 10, according to Nikko Citi Holdings Inc. spokesman Yoshito ...
Senatorial Affair Revealed Thanks to Housing Crisis [Subprime Scandals] (Gawker)
Posted by mortgage 1071 days ago (http://us.rd.yahoo.com)
Why did Republican Senator John Ensign's sexual dalliance with a married former staffer get revealed now? Because of subprime mortgages and the Nevada housing crisis! Ensign's affair was with...
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