Orleans Given all of the niggling around the impact of the Occupy Wall Street movement and its impact, it is worth raising some footnotes a little higher on the tally sheet where the results are important, but perhaps unnoticed. Take these recent developments into account. Small example, but telling is that JP Morgan Chase, perhaps …
Tag: aig
Bank of America’s Countrywide Ghoul Strikes Again
New Orleans Reports from Bloomberg News and the Los Angeles Times are raising the specter of Bank of America filing for bankruptcy for its Countrywide mortgage unit detonating the “nuclear” option to save the parent company and run from the toxic mortgage load bought in 2008. I wonder if this doesn’t finally give another explanation …
Bailout the Poor
San Francisco Erik Eckholm of the Times is one of the last reporters on the “poverty beat” in the country, and by god I almost feel a personal obligation to read his pieces and try to get the word out before the paltry news of the poor disappears from papers altogether. He was on the …