Tag Archive

Mark Zandi: Jamie Dimon Would Be “Fabulous” Replacement for Tim Geithner

Published on July 2, 2011 By admin

The following article brought to you by Peter Gorenstein at Yahoo Finance – Daily Ticker. The last remaining member of President Obama’s original economic team, Treasury Secretary Tim Geithner is said to be considering leaving his post… on his own accord. Geithner wants to leave the administration after budget talks, according to several reports citing […]

U.S. halts mortgage fees to three big banks J.P. Morgan, B. of A., Wells need ‘substantial’ improvements

Published on June 10, 2011 By admin

The following article is brought to you by Ronald D. Orol of Market Watch. WASHINGTON — The Obama administration on Thursday halted payments to three of the largest U.S. banks until they make “substantial” improvements to their performance in a mortgage assistance program. J.P. Morgan Chase & Co. JPM -1.42% , Bank of America Corp. […]

Home heads for foreclosure after broken promise

Published on November 3, 2010 By admin

The following article is brought to you by Michael Finney at ABC in San Francisco. PITTSBURG (KGO) — An executive at Chase Bank promised in May the bank would meet with Bay Area housing advocates to discuss ways to slow the tide of foreclosures. Chase CEO James Dimon made that pledge at a bank shareholder […]

Mortgage fraud, bank bailouts continue

Published on October 30, 2010 By admin

The following article is brought to you by Jerry Goldberg at Workers World. The lifting of the major banks’ “foreclosure moratoriums” — which had been instituted to stem the outcry over massive fraud in the processing of foreclosure documents — demonstrates the necessity for the working class to launch a struggle to win a genuine […]