Why did Trump gamble so heavily on the inexperienced Kushner and the impulsive MbS? Well, of course, if such a "grand plan" had indeed worked out, it would have been a major foreign policy coup -- and one done over the heads of the professional...Show More Summary
NYCHA Put Thousands Of Children At Risk For Lead Poisoning Because It Failed To Perform Lead Paint Inspections
There were the Oriental rugs worth $934,000, the four Range Rovers, the antiques--even $1.37 million in clothes. The federal indictment of Paul Manafort, President Donald Trump's former campaign chairman, accuses him of laundering millions...Show More Summary
On Thursday afternoon, in a stark warning of what's to come, San Francisco Fed President John Williams confirmed our suspicions when he said that to fight the next recession, global central bankers will be forced to come up with a whole...Show More Summary
Franklin Codel's communications with the former employee involved disparaging remarks. He also discussed the payouts to former employees made by Wells Fargo when they left the bank.
``... the overall design contains fundamental flaws, economically and politically. Basically, it's a huge tax cut for corporations and the owners of some small businesses, sneaking in under the cover of an overhyped cut for the middle class... Show More Summary
The economist Gabriel Zucman and his colleagues have spent years estimating how much wealth is stashed in low-tax havens and what that means for government coffers. He's found that 63 percent of foreign profits made by American multinational...Show More Summary
The "retail sales" report came in at just a 0.1% increase for the month. After a large jump in retail sales last month, as was expected following the hurricanes, there should have been some subsequent follow through last month. There simply wasn't. Show More Summary
``Unsurprisingly, Codel wasn't too happy about [losing his golden parachute]. And he made that unhappiness clear to his mortgage-division deputy, another two-decade-plus veteran, Greg Gwizdz. This is understandable. It is also apparently fatal for a career at today's Wells Fargo.''
``The Bank for International Settlements, the Basel-based central bank for central banks, defines a zombie as any firm which is at least 10 years old, publicly traded and has interest expenses that exceed the company's earnings before interest and taxes. Show More Summary
In the postwar period, white Americans were given attractive, government-subsidized mortgages to move to all-white suburbs, the best known of which was New York's Levittown, that were not accessible to blacks and other minority groups. Show More Summary
The new accusations, leveled by several pension funds and wealthy individual investors, are contained in an expanded class-action suit originally filed in July 2015 -- and include an unusual twist: Some of the evidence came from confidential...Show More Summary
Saudi authorities are negotiating settlements with princes and businessmen held over allegations of corruption, offering deals for the detainees to pay for their freedom, people briefed on the discussions say. In some cases the government...Show More Summary
``In total, 6.2 million taxpayers were forced to pay an average of 410 euros each for the government to distribute an average handout of 180 euros branded the "social dividend" to fewer taxpayers (almost 4 million). The relevant bill that was tabled in Parliament on Tuesday does not specify how the handout will be distributed... Show More Summary
The ECA [European Court of Auditors] report, which focused on the work of the European Commission, said the programs "only helped Greece to recover to a limited extent." The European Central Bank, which together with eurozone statesShow More Summary
The Trump Organization in New York is reportedly worth one tenth of the value it previously claimed. Donald Trump's family business had previously ranked near the top of Crain's New York Business' list of largest privately held companies. Show More Summary
Eight years later, the Home Affordable Refinance Program® (HARP®) has continued to serve millions of homeowners resulting in billions of dollars in savings. While it has been extended a couple of times, the truth is HARP® will end December 31, 2018. Show More Summary
Mr. Cooper, the mortgage servicing company previously known as Nationstar recently announced that it’s shifting its application process to digital. The company’s target date is set for next year. What does this mean for the rest of the...Show More Summary
Richard Moseley Extended More Than $220 Million In Predatory Lending Scheme To 620,000 Struggling Americans.
Can a central bank steer the housing market? Not so long ago, Sweden's Riksbank decided: no. Now, there's a risk that decision may backfire as the biggest property market in Scandinavia risks sinking into a correction. The evidence of price declines was so worrying on Tuesday that it contributed to a 1.5 percent slump in the krona against the euro. Show More Summary