This story is tailor made for banker haters, but I offer one counterpoint for consumer borrowers.
Mozilo’s $67.5m Fine vs. His 2007 Compensation There will be no civil fraud trial for Angelo Mozilo. On Friday he agreed to settle fraud charges with the U.S. Securities and Exchange Commission by paying a fine of $67.5 million. It is the highest fine ever for an executive of a public company, although critics are
Median Income for CA vs. US The FDIC does more than shut down banks on Fridays. It produces the Regional Economic Conditions (RECON) report that details economic information at the state, MSA (Metropolitan Statistical Area), and county levels. It is helpful to analyze risks facing banks and also for consumers to get a basic look
General Motors has filed for bankruptcy, and they also want billions more in bailout money so they can restructure their debt. “You want more money? Wait here while I talk to the manager. I’ll be right back.” First-Time Homebuyer Tax Credit Facts There is still some confusion about the guidelines for use of the first-time