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SEC is going to court with Bank of America over Bonuses

SEC is going to court with Bank of America over Bonuses

A lot of public scruitiny has been placed on Bank of America after giving out nearly $6 billion in bonuses to Merrill Lynch executives. Just a week after a trial resulted in a $33 million settlement, in which the bank agreed to pay but admit …

The Pitch – Does AIG deserve to be labeled the Consumerist’s Worst Company 2009?

The Pitch – Does AIG deserve to be labeled the Consumerist’s Worst Company 2009?

Does AIG deserve the Consumerist’s “Worst Company in America 2009″ award?
Question:
This week the Consumerist’s quest to find the Worst Company in America 2009 came to an end when AIG was put against Comcast and AIG came out on top. So, after all that AIG has …

Maybe you should make the bank prove that you owe a mortgage

A woman in Florida has recently held off the bank that is holding her mortgage from foreclosing just by asking them to prove that she owed them anything.
During the real estate frenzy of the past decade, mortgages were sold and resold, bundled into securities and …

Fed likely to keep rates low through 2009

To help keep the economy from completely going into a depression, the Fed agreed today to keep interest rates low for “some time.”
They are also thinking about taking some “unconventional” ways to help revive the economy.
Specifically, the Fed said it is now “prepared” to buy …

Full text of President Obama’s inaugural speech

Just after noon eastern time, Barack Obama became the 44th President of the United States. He gave an inaugural speech that told Americans to be hopeful but hard times are still ahead.
Here is the text of the speech:
“My fellow citizens:
I stand here today humbled by …