sds:
Creditworthy borrowers will be denied loans as small banks devote more and more energy to regulatory compliance.
TALK TO THE $3.46 BILLION HAND A security guard tried to block a photographer’s view outside of Goldman Sachs’s London offices Monday. The British Financial Services Authority is looking into U.S. fraud charges against the financial firm after Prime Minister Gordon Brown accused Goldman of “moral bankruptcy.”
I don’t understand these people. They make BILLIONS of dollars - in some cases underhandedly and in others unscrupulously - and they have a problem being photographed? Give us a fucking break.
(Photo: Leon Neal / AFP-Getty via the Wall St. Journal)
WHY ARE YOU SAYING IM ENTERING THE WRONG PASSWORD
DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE FEJLS;DOR[‘PO4HE
Should make for some good public theater: Chuck Prince and Robert Rubin, two former Citigroup execs, are testifying before the Financial Crisis Inquiry Commission on Tuesday. “I can only say that I am deeply sorry that our management – starting with me – was not more prescient and that we did not foresee what lay before us,” said Prince, who resigned as CEO of Citigroup in 2007. He said that he thought the mortgage-backed securities that cost Citigroup billions of dollars posed “virtually no risk” and said much of the blame lay with the credit-rating agencies that gave such securities high grades. Meanwhile, Rubin, who served as U.S. Treasury Secretary in the nineties and was Citigroup’s interim chairman until January 2009, said that the high ratings made him think the securities were “money good.” “Almost all of us involved in the financial system, including financial firms, regulators, ratings agencies, analysts and commentators, missed the powerful combination of forces at work and the serious possibility of massive crisis,” Rubin said. “We all bear responsibility for not recognizing this, and I deeply regret that.
Bank of America, the nation’s largest mortgage lender, announced a program Wednesday to offer homeowners who owe significantly more than their homes are worth the opportunity to have their loan balances reduced.
The program, which starts in May, would potentially help about 45,000 homeowners across the country. In launching the effort, Bank of America is jumping into the debate about how to address the millions of homeowners whose mortgages exceed the value of their homes and who have complicated industry and government efforts to prevent foreclosures.
so true in a monetary system….it doesn’t even mater if their dumb as shit… honestly every one should make the rule and the need for money shouldn’t be, …DOWN WITH THE MONETARY SYSTEM…hopefully one day.
