Baton Rouge Years into the Great Recession, after the Big Bailout, and one thing after another, there is still no relief on foreclosures, a steady attack on the still shaky, less than adequate Dodd-Frank act, lawsuits accusing most of the bailed out banks of Madoff mischief, big bank profits, and seemingly no one with their …
Tag: wall street
Bank’s Hustling AGs and Consumers on Second Mortgages
New Orleans Way back in the New York Times business section in sort of a snarky article by a ProPublica report (a nonprofit NYT outsourcer) a dangerous curtain was raised on the supposedly tough negotiations between the state attorneys general and the big banks about mortgage loan modifications. Seems on an okey-doke, wink-and-a-nod, the deal …
Come On! Private Banks Poaching Fannie Mae
New Orleans On ESPN’s Sportscenter during the seasons they have a feature called “Come on!” in which they feature unbelievable or bonehead plays. We need that in other fields of public life and politics. Reading about the efforts of banks like Wells Fargo and JP Morgan Chase along with the various trade associations to try …