Apr 20 Why Do Banks Foreclose Rather Than Negotiate With the Owner, Who Can Pay the Sale Price They Want? Question: I watched your recent piece on Florida. The question that begs to be answered is WHY the banks would rather foreclose on a property and sell it someone else for 30 cents… Continue reading
Apr 20 Volcano Stems Kenya's Flower, Vegetable Market By Larisa Epatko Iceland's volcano has not only thrown a wrench into airline passengers' plans but has put Kenya's European market of fresh produce and cut flowers in limbo, at least temporarily. Continue reading
Apr 20 Questions for Bernanke, Geithner, and Fuld at the Lehman Hearing Treasury Secretary Tim Geithner and Fed Chair Ben Bernanke appear Tuesday morning before the House Financial Services Committee to answer questions about the policy implications of the recent Lehman Brothers autopsy report. The report concluded that "accounting gimmicks"… Continue reading
Apr 20 Civil Rights Icon Dorothy Height Dies; Former Lehman CEO to Face Questions Dorothy Height attends a 2006 congressional hearing about voting rights in the District of Columbia. (Photo by Alex Wong/Getty Images.) The civil rights movement lost its founding matriarch early Tuesday morning. Dorothy I. Height, who fought for most of… Continue reading
Apr 20 Watch 'Strategic Defaulters' Skip Mortgage Payments as Home Values Tumble As part of his continuing series of reports making sense of economic news, Paul Solman tells the story of some homeowners who have stopped paying their mortgages even though they can still afford them. Continue watching
Apr 20 Watch Lawmakers Dissect Lehman Brothers Collapse, Weigh New Financial Rules Former Lehman Brothers executives and financial regulators faced tough questions in a House hearing over the firm's bankruptcy at the start of the financial meltdown. Kwame Holman reports on the congressional hearings over the collapsed investment firm. Continue watching
Apr 19 Monday: Flight Disruptions Continue; Court to Hear Campus Group's Appeal Stranded travelers sleep at Charles de Gaulle Airport near Paris on Monday, as main French airports remain closed. (Photo by Thomas Coex/AFP/Getty Images.) Lawmakers and aviation officials across Europe faced growing criticism Monday, as air travel across the continent… Continue reading
Apr 19 Watch Fraud Charges Feed Financial Reform Debate With the SEC filing a civil charge against Wall Street powerhouse Goldman Sachs, accusing it of defrauding investors, Jeffrey Brown speaks with University of Maryland law professor Michael Greenberger and attorney John Singer about the fallout for the firm and… Continue watching
Apr 17 Ray Suarez: Life Under a Cloud LONDON | Another day. Another clear blue sky. And another cancelled flight because of what's lurking above that clear blue sky. I was just about to write this post, about the airport closings, the delays, the crammed ferry landings,… Continue reading
Apr 16 David Brooks on CIA Tapes, Goldman Sachs Charges and the Florida GOP By Hari Sreenivasan Columnist David Brooks -- one half of our regular Shields and Brooks analysis team -- stopped by The Rundown Friday for a conversation about the latest headlines, including the Security and Exchange Commission filing fraud charges against financial… Continue reading