Protesters from the “99 percent” movement marched on the Upper East Side of New York City Tuesday, planting themselves on a block between FAO Schwarz and Bloomingdale’s where high-profile members of New York’s moneyed elite live.
Bloomberg’s long-standing Freedom of Information Act request for a look at who in the financial system took part in the Fed’s now-secret $2 trillion loan program has been granted by a second court on the basis that there exists no exemption to FOIA rules for the continued economic More…
After President Obama called the heads of 12 of the largest banks into his office to lecture them about not lending enough to small businesses, the message was clear: It’s time to get to lending, or the government will get to regulating. So while banks are More…
Given that President Obama’s recently announced mortgage assistance program is only 2 percent of what he gave to banks for the mostly unsuccessful mortgage modification program, one might be forgiven for thinking that the housing market is on an upward trajectory. If JPMorgan Chase’s recent SEC More…
I know it’s not helpful to have knee-jerk reactions to Wall Street pay, given that compensation is often more complicated than portrayed, but there’s no subtlety here: Bailed-out financial firms are on track to pay their employees as much, or more, than they were rewarded with during the pre-crisis days, More…
There’s a lot of buzz already about New York Times economic reporter Edmund L. Andrews’ account of his personal financial crisis in “Busted: Life Inside the Great Mortgage Meltdown.” Mainly it’s because more than a few financial blogs regularly linked to Andrews’ coverage of the financial crisis. The More…
rss