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Business

Throw the Bums Out — of the Boardroom PDF Print E-mail
Written by Morphus on Friday, 19 March 2010 06:22   

Among the many reasons for the financial debacle of the past few years was the failure of board members at the big commercial and investment banks

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A Broadband Jobs Bill PDF Print E-mail
Written by Morphus on Monday, 15 March 2010 16:46   

As the FCC finishes its first-ever national broadband plan, Congress and commissioners would do the country a service to see it as a jobs bill -- and to support it for that reason, if no other.

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Lehman's "Repo 105" Scam PDF Print E-mail
Written by Morphus on Saturday, 13 March 2010 08:05   

Lehman employed off-balance sheet devices, known within Lehman as “Repo 105” and “Repo 108” transactions, to temporarily remove securities inventory from its balance sheet, usually for a period of seven to ten days, and to create a materially misleading picture of the firm’s financial condition in late 2007 and 2008

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Bank of America Lays Down the Gauntlet PDF Print E-mail
Written by Morphus on Wednesday, 10 March 2010 17:09   

In a bold move that has surprised many in the financial world, Bank of America announced on Tuesday that beginning this summer, debit card holders would no longer be charged with hefty overdraft fees, when they don’t have enough funds in their account to cover a purchase.

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Nordstrom seeks women, minority subcontractors PDF Print E-mail
Written by Morphus on Monday, 08 March 2010 18:51   

Nordstrom, the department store building its first Tennessee location at The Mall at Green Hills, is looking for women and minority subcontractors to finish up the project.

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AIG units settle discrimination charges PDF Print E-mail
Written by Morphus on Monday, 08 March 2010 18:46   

Two AIG units settled federal charges that they discriminated against blacks in providing home loans and will pay at least $7.1 million for restitution and education efforts

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Defenders and Demonizers of Credit Default Swaps PDF Print E-mail
Written by ElectroPie on Monday, 08 March 2010 08:13   

Dees Illustration

The recent difficulties faced by Greece (and some other eurozone states) in rolling over their national debt has let some to blame hedge fund involvement in the market for credit default swaps.

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Banks say they have given billions in homeowner relief: The nation’s biggest banks provided more than $26 billion in relief to struggling homeowners between March 1 and Sept. 30, as part of a settlement earlier this year with state...
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