Monthly Archives: January 2014

Lurid Subprime Scams Unveiled in Long-Running Fraud Trial

Lost amid the hoopla over JP Morgan Chase’s record-setting $13 billion settlement this fall was news of another monster court resolution – a $2.46 billion judgment, the largest ever awarded after trial in a securities fraud class action case, handed down in… … Continue reading

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Pending Home Sales Plunge At Fastest Pace Since April 2011

For the 5th month in a row, pending home sales missed expectations (though a silver lining is a positive print MoM – breaking a 5-month streak). Year-over-year, home sales collapsed at 4% – its worst drop since April 2011, and… … Continue reading

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Ap Impact: The World Braces For Retirement Crisis

WASHINGTON (AP) — A global retirement crisis is bearing down on workers of all ages. Spawned years before the Great Recession and the financial meltdown in 2008, the crisis was significantly worsened by those twin traumas. It will play out… … Continue reading

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Eminent Domain: A Long Shot Against Blight

By SHAILA DEWAN You can’t fight city hall, the saying goes. But Gayle McLaughlin, the mayor of Richmond, Calif., a city of 100,000 souls, would tell you that fighting Wall Street is harder. Even for city hall. Ms. McLaughlin has… … Continue reading

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