If the politicians in Washington today were instead the CEOs of private industry, they’d all have been fired by now.” Anonymous [sort of] Introduction. At the
“The Bank did not develop adequate due diligence on customers, particularly in the Commercial and Business Banking Unit, a repeat problem, and failed to file
My fondness for alliterations compels the title. I could not resist. The purpose of this post is to welcome Lake Oswego attorney extraordinaire, Kelly Harpster,
In the recent “fiscal cliff” tax bill just passed by Congress, the cancellation of mortgage debt relief provision was extended for one additional year, i.e.
In the late 1990s, without a single piece of enabling legislation, the Big Banks, infused with money, ego, hubris and a TBTF attitude, created MERS
The Goliaths are getting bigger. From 1995 to 2009 the six largest banks’ assets increased from 18% of gross domestic product to 68%. They’re
“Greed is good.” Gordon Gecko, Wall Street, 1987. I suppose some would say it is unfair to paint all Big Banks with the same
In my earlier post, here, I discussed HSBC’s violation of federal bank secrecy laws. Today, the Office of the Comptroller of Currency issued the following
“I don’t care about being strong; I just want to look strong.” [Heard in the gym from a steroid-infused bodybuilder] This statement could have
Background. In 2007 Congress passed the Mortgage Forgiveness Debt Relief Act. The gist of the law is that for those taxpayers who have had debt
