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Trump's Saudi Scheme Unravels

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 Hasn't Performed Lead Paint Inspections In Over A Year

NYCHA Put Thousands Of Children At Risk For Lead Poisoning Because It Failed To Perform Lead Paint Inspections 

The Questionable Math Behind Manafort's Extravagant Home Renovations

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

Fed Hints During Next Recession It Will Roll Out Income Targeting, NIRP

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

Wells Fargo Consumer Lending Chief Fired For Being A Big Mouth

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.

House GOP tax plan: I'm a conservative and I see three major flaws

``... 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

Paradise Papers Show How Misguided the G.O.P. Is on Taxes

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

Super-Weak Consumer Landscape Portends Poor Retail Earnings Soon To Come

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

Now Is Not The Time To Be Talking Shit About Regulators At Wells Fargo

``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.''

How Corporate Zombies Are Threatening The Eurozone Economy

``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

How racist official housing policies supercharged today's US wealth gap

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

Wall St. traders secretly used chat rooms to rig Treasury bond prices: suit

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 Arabia Offers Arrested Royals A Deal: Your Freedom For Lots Of Cash

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

Taxpayers have paid dearly for 720-mln-euro ‘social dividend' (Greece)

``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

EU handling of Greek bailouts only partial success, say EU auditors

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

Trump Organization worth one tenth of value previously reported

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

Yes, HARP® Is Extended But Better, All-Inclusive Refi Options Are Up and Coming

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

On Mr. Cooper and Digital Mortgage

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

Operator Of Fraudulent Predatory Lending Scheme Found Guilty

Richard Moseley Extended More Than $220 Million In Predatory Lending Scheme To 620,000 Struggling Americans.

The Shock of Sweden's Housing Market is Hitting the Country's Currency

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

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