Tags » Financial Crisis

Wrecking an Economy Means Never Having to Say You're Sorry

By Dean Starkman – The megabanks are finally feeling the hurt for the depredations of the mortgage era. That’s what the government, and some in the financial press, too, would have us believe. 104 more words

United States

From CEO 'Takers' To CEO 'Makers'

By Steve Denning – The rotten foundations of shareholder value theory in the writings of Friedman and Jensen are now lost to the public view. 82 more words

United States

Free Money for Germany Is Bad News for Euro

By Mark Gilbert – Germany yesterday (Aug 20) sold 4.04 billion euros ($5.3 billion) of notes that pay no interest, repayable in September 2016.

Investors, it seems, are willing to forgo income for the safety of stashing their cash in the AAA-rated government debt of Europe’s biggest economy. 19 more words


Bank of America to pay $16.65 billion over mortgages

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NEW YORK (CNNMoney) — On Thursday, the bank reached a $16.65 billion agreement to pay the biggest settlement in history, adding to what was already a hefty bill for the bank. 444 more words


Eager to subsidize Bank of America's massive $17 billion settlement? Here's your chance

Bank of America isn’t digging too deep to into its pocket to cover its new, $17 billion legal tab.

Hours after the bank made its… 162 more words

Why $16.65 billion? Looking for rhyme and reason in big bank settlements

Bank of America on Thursday announced a settlement with U.S. authorities concerning its involvement with mortgage-backed securities that went up in smoke during the financial crisis. 350 more words


Is getting laid off really so 2007?

Americans have never felt better about their job security, at least according to a new Gallup poll released Thursday. Respondents who have a full or part-time job were asked how satisfied they are with the security of their jobs, and 58% said, “completely.” 789 more words