How Much Puff versus Pay in Proposed JP Morgan Chase Settlement?

Citizen Wealth DC Politics Financial Justice Foreclosure

New Orleans   My goodness, hysteria has broken out among the financial chattering class with the news of a $13 billion proposed settlement between JP Morgan Chase and the Justice Department and Federal Housing Finance Agency over the bank’s handling of the mortgage crisis.  The lead editorial in the Wall Street Journal claimed variously that parts …

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TXU Case Study in Speculation Hurting Consumers and Embarrassing Environmentalists


Memphis   Who wants to read another story about Wall Street hustlers and the funny money going south and then jumping through more hoops to try to save their butts in bankruptcy court?  Well in this case the answer is “Me!” when it comes to the wheeling-and-dealing involving TXU, the struggling Texas power company.              The …

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