Introduction. On February 9, 2012, the U.S. Department of Justice issued a press release announcing the “landmark” $25 billion dollar settlement with five of the
“This case demonstrates that the notion that the bailed-out banks have somehow found God and have reformed their ways in the aftermath of the financial
[This is the second post in a 2-part series in which we take a not-so-nostalgic stroll down Memory Lane, revisiting the events that linger with
Introduction. Well, it’s been nearly five years since the 3Q 2007 collapse of the credit and housing markets. How time flies! Are we having fun
Following the Morgan Stanley Mess, B.L. Zebub, Belial Bank’s now skittish leader, begins to wonder if his own empire is “Too Big to Manage.” In
“Taking on these greater risks raises the likelihood that an investor, even a major financial institution, suffers large losses. If they suffer large losses, then they
“To the dismay of many of Obama’s supporters, nearly four years after the disaster, there has not been a single criminal charge filed by the
After taking one on the chin, compliments of Federal Judge Michael Simon in James II, the bank we love to hate has decided it needs
“Wells Fargo’s conduct is clandestine. Rather than provide Jones with a complete history of his debt on an ongoing basis, Wells Fargo simply stopped communicating
No sooner did I post a piece about the evils of force-placed insurance [here], than American Banker interviewed Kevin McKechnie, executive director of the American
