38 days ago by cnnmoney

Obama to sidestep Congress, appoint consumer bureau chief. WASHINGTON (CNNMoney) -- In a move sure to anger Republicans, President Obama is expected on Wednesday to make a recess appointment of Richard Cordray to be the first director of the Consumer Financial Protection Bureau, sidestepping the Sen ...

G7Finance.com - Finance ... - g7finance.com

40 days ago by Brett Sherman

" These aren't simply the comments of some junior level analysts " Lee Sherman, securities litigation consultant the question of foreseeability asks at what point in time senior management at these investment banks should have foreseen the possibility of the disasters that eventually befell them. th ...

Wall Street Law Blog - wallstreetlaw.typepad.com/sherman · 4 references

43 days ago by therecession

Question by Ketty: What is the current “status” of the subprime crisis? I know that all the main things happened up to 2008. So what are the after effects? Do we still owe a crapload of money? Is the situation looking promising? I just need this to conclude my paper on the subprime crisis. Thanks! [ ...

» | | The Recession Blog - therecession.org · 1 reference

44 days ago by Subprime

For Andrea, a past decision to ensure her future in law has left her in a stressed and distressful present. Concerned over how it might affect her job prospects, she would not allow use of her real name. And there is reason for concern: She’s been laid off twice since her 2009 law school graduation, ...

Subprime JD - subprimejd.blogspot.com · 8 references

45 days ago by Bill Singer

Wachovia's stock was whacked by the Subprime Crisis -- but that didn't give one shareholder a personal right to sue. John M. Rivers, Jr. owned 100,000 shares of Wachovia Corporation stock. Following the Great Recession, that wasn’t exactly a great investment. In fact, to put it bluntly, the shares o ...

Street Sweeper - blogs.forbes.com/billsinger · Rank: 133,380 · 34 references

45 days ago by Bill Singer

[1]Wachovia's stock was whacked by the Subprime Crisis -- but that didn't give one shareholder a personal right to sue. John M. Rivers, Jr. owned 100,000 shares of Wachovia Corporation stock. Following the Great Recession, that wasn’t exactly a great investment. In fact, to put it bluntly, the share ...

Forbes Network Activity - blogs.forbes.com/network/rss · Rank: 35,306

47 days ago by Rolf Englund

RE: Highly recommended BBC Business editor Robert Peston’s latest television show on the state of global economy is so depressing it should come with a health warning.In a two part series, The Party’s Over: How the West Went Bust, Peston explains how hubris, greed and ignorance for decades means yea ...

Rolf Englund blog - englundmacro.blogspot.com · 7 references

49 days ago by therecession

Question by flyhigh19: How did the investment banks (Bulge Bracket Firms) end up with the subprime mortgages? ? Okay so I understand how we got ourselves into the financial crisis and recession right now. I understand pretty much everything else (ex. the packaging of new securities from the mortgage ...

» | | The Recession Blog - therecession.org · 1 reference

49 days ago by By JEFF SOMMER

A look at the final Weekend Business podcast, and a listen.

Economix - economix.blogs.nytimes.com

50 days ago by MarketProSecure

A study released last week by the Center for Responsible Lending has revealed a startling trend in foreclosures, although experts say that the results are far from surprising.

Personal Finance News - marketprosecure.com/personal-finance-news