Browsing All Posts filed under »Uncategorized«

Why it’s time to break up the ‘too big to fail’ banks – The Term Sheet: Fortune’s deals blog Term Sheet

January 22, 2012

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It would surely be in the government’s interest to downsize megabanks. Sen. Sherrod Brown (D-Ohio) continues to push his bill to split apart the largest institutions. Regulators have new authority to order divestitures under the Dodd-Frank financial reform law. From a shareholder standpoint, government breakups have a pretty good outcome. via Why it’s time to… [Read more…]

Sloppy seconds: Feds probe million$ in ‘double-billing’ by banks – NYPOST.com

January 2, 2012

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Federal investigators are looking into allegations that banks have wrongly pocketed tens of millions of dollars from troubled homeowners by double-billing for mortgage escrow fees, The Post has learned. Exactly how much in phony profits the banks may have pocketed from this alleged practice is not known, but an analysis by The Post of bankruptcy… [Read more…]

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