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Bad Loans

'The Big Short': A Big Wake-Up Call

Dan Solin | Posted 12.28.2016 | Business
Dan Solin

In my view, the goal of Wall Street -- under the guise of "managing" your money -- is to maximize the transfer of your assets to itself and to avoid regulation that would hinder its attempt to do so. It succeeds in these efforts through massive contributions to congressional campaigns.

Did the IRS Cause the Financial Crisis?

Bradley T. Borden | Posted 12.18.2012 | Business
Bradley T. Borden

The IRS possesses a fearsome audit power that gives it access to records and information that the public and litigants are yet to obtain. It should have used that power more effectively before the financial crisis.

Wells Fargo's Earnings Fall Short On 'Uneven' Recovery

Posted 12.17.2011 | Business

(Rick Rothacker and David Henry) - Wells Fargo & Co missed Wall Street earnings estimates by a penny a share as interest income was weaker than expect...

Citigroup Reports Higher Third Quarter Net Income

Posted 12.17.2011 | Business

(Joe Rauch) - Citigroup Inc reported higher third-quarter earnings on Monday as the bank set aside less money to cover bad loans and recorded an accou...

Struggling To Obtain Revenue, Citigroup Profits Plunge

Posted 06.18.2011 | Business

NEW YORK (By Maria Aspan) - Citigroup Inc's first-quarter profit fell 32 percent as bond trading revenue plunged and operating expenses jumped. The...

Dubai Completes 110 Story Middle Finger!

Tom Gregory | Posted 05.25.2011 | Comedy
Tom Gregory

Visible from space, Dubai has completed construction of the World's largest structure, the 110 story "Burj Dubai Middle Finger Tower."

Shahien Nasiripour

How Securitization Encouraged Bad Loans | Shahien Nasiripour | Posted 05.25.2011 | Business

Knowing that the loans they made were about to be bundled, sliced up, and sold off made lenders more likely to relax their underwriting standards, acc...

Banks Don't Differentiate Between Successful Business and Suffering Industries

Grant Cardone | Posted 05.25.2011 | Business
Grant Cardone

Small businesses that depend on borrowed money to grow are unable access credit because banks are unable to see the difference between profitable companies and damaged industries.

Lack Of Repayment Is The Reason Behind Most Failing Banks | FLOYD NORRIS | Posted 05.25.2011 | Business

As the number of banks closed by the Federal Deposit Insurance Corporation has grown rapidly this year, it has become clear that most of them had noth...

Plan To Rid Banks Of Bad Loans Breaks Down

Wall Street Journal | Posted 05.25.2011 | Business

A government program designed to rid banks of bad loans, part of a broader effort once viewed as central to tackling the financial crisis, is stalling...

Dems Should Demand Bailout Includes Criminal Accountability For Those Responsible

Denis Campbell | Posted 05.25.2011 | Home
Denis Campbell

We're in this economic crisis because banks and investment houses cynically bet the economy would not cycle or fluctuate and ran the debt up to a number so big it could not fail. Now they must pay.