Prognostications, Pundits and Poo

Prognostications, Pundits and Poo Bill Hitchcock   We all know that we are in an “interesting” real estate environment. The fact is-It’s terrible. But where do we go from here? Personally, I think prognostications from most pundits is purely poo. Most of the...

Obama Will Name Mary Schapiro SEC Chief

Obama Will Name Mary Schapiro SEC Chief"President-elect Barack Obama is expected to name Mary Schapiro to head the Securities and Exchange Commission under his administration, according to media reports late Wednesday. Schapiro is currently the chief executive of the...

Probing Golden West

"NEW YORK (AP) - The Department of Justice is investigating the mortgage lending practices of Golden West Financial Corp., the savings and loan bought by Wachovia Corp. for $24 billion at the height of the housing boom in 2006.U.S. Attorney Joseph Russoniello told The...

Investors Hit BofA Loan Modifications

Bank of America Corp.'s decision to embark on an $8.4 billion home-loan-modification program to settle charges brought by state attorneys general against Countrywide Financial Corp. was hailed as a milestone when the deal was announced this fall. But apparently nobody...

NAB Okays probe against 3 forex companies

" Updated at: 1430 PST, Thursday, November 13, 2008 ISLAMABAD: National Accountability Bureau (NAB) has given a go ahead to an inquiry into the allegations regarding illegal business and money laundering against three forex companies.The Securities and...

Indian central Bank in Action.....

"Mumbai, Nov 01: After infusing Rs 1,85,000-crore liquidity into the banking system, the RBI on Saturday effected yet another 100 basis points cut in Cash Reserve Ratio (CRR) and a 0.5 percent reduction in key short-term lending (repo) rate, signaling softening of interest...