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BofA's Countrywide In Record $500M Mortgage Settlement
Bank of America Corp. has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt. The settlement is the largest to resolve federal class-action litigation over...Tags: Finance, Litigation and Regulation, Fannie Mae, Morgan Stanley Dean Witter & Company, JPMorgan Chase & Co.
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Regulators follow golden road to Promontory
Mary Schapiro, the former chairman of the Securities and Exchange Commission, must take us for fools. No need to worry about her and the so-called revolving door between government and Wall Street, she told the Wall Street Journal on April 2, after...Tags: Finance, Fannie Mae, JPMorgan Chase & Co., Banking, Lobbying
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Pay More Than Doubles For The Hartford's CEO, Liam McGee
The Hartford CourantThe 2012 pay package for Liam E. McGee, chairman and CEO of The Hartford Financial Services Group, was more than double what he received in 2011, according to documents filed Friday afternoon with the U.S. Securities and Exchange Commission. McGee had...Tags: Finance, Pension and Welfare, Politics, Interior Policy, Companies and Corporations
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The sequester: a manufactured crisis
WASHINGTON -- Even during this desultory economic recovery, one industry thrives -- the manufacture of synthetic hysteria. It is, however, inaccurate to accuse the Hysteric in Chief of crying "Wolf!" about spending cuts under the sequester. He is actually...
Tags: Iran, Barack Obama, Politics, U.S. Congress, U.S. Department of Defense
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Column: Sequester is a manufactured crisis
WASHINGTON — Even during this desultory economic recovery, one industry thrives — the manufacturers of synthetic hysteria. It is, however, inaccurate to accuse the Hysteric in Chief of crying "Wolf!" about spending cuts under the sequester. He...Tags: The Washington Post, Barack Obama, Politics, U.S. Congress, U.S. Department of Defense
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MassMutual: Former Staff Of The Hartford Will Work In Enfield
The Hartford CourantConnecticut won't lose hundreds of workers to Massachusetts as employees transfer from The Hartford Financial Services Group to Massachusetts Mutual Life Insurance Co. Instead, they'll work in Enfield. On Jan. 1, The Hartford completed the sale of its...Tags: Finance, Simsbury, Insurance, Windsor (Hartford, Connecticut), Enfield
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Airbus snags deal worth $9 billion, including order for 787 rival
Air Lease Corp., the Century City aircraft-leasing firm, has placed an order for $9-billion worth of jetliners with Airbus. The deal, based on aircraft list price, includes an order for 25 A350 XWBs, which is a competitor to Boeing Co.'s grounded 787...
Tags: Boeing Co., Federal Aviation Administration
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Watchdog says taxpayers may lose $27B in bailout
WASHINGTON (AP) — A government watchdog says U.S. taxpayers stand to lose $27 billion from the 2008 financial bailout, up from an estimate of $22 billion made in the fall. A report issued Wednesday by the special inspector general for the Troubled...
Tags: Finance, Manufacturing and Engineering, Automotive Equipment, U.S. Congress, U.S. Department of the Treasury
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AIG Nearly Bites The Hand That Fed It
The Hartford CourantSometimes you don't know where to begin. OK, let's start with AIG. Remember when the mega-insurer was on the brink of collapse and the government bailed it out to the tune of billions? Remember how the loan saved the company, along with thousands of...Tags: Donald Trump, Islam, Gonorrhea , Lindsay Lohan, Hillary Clinton
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The Hartford: Sale Of 3 Units Completed This Week
The Hartford CourantThe Hartford started the new year by announcing that it has closed on several major transactions related to the company's transformation announced last March. The Hartford Financial Services Group said Wednesday that it had completed the sale of three...Tags: Finance, Woodbury (Litchfield, Connecticut), Hartford (Hartford, Connecticut), Companies and Corporations, Business
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Hey, AIG: F*** You
Hey there behemoth insurer, American International Group! Allow me to speak for nearly all Americans left, right, and center when I say get f***ed and go f***ing f*** yourself. Sorry, I usually try to keep such language to a minimum on this blog, but...
Tags: Finance, Hurricane Sandy (2012), Federal Bailout Funds, Bill Clinton, Lawrence Summers
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Thank you, AIG?
Periodically, one comes across a jaw-dropping example of lawsuit abuse. The Good Samaritan gets sued for preventing a suicide, the robber takes the store clerk to court for fighting back, the B-list starlet sues because nobody watched her sex tape...
Tags: Finance, Federal Reserve, U.S. Department of the Treasury, Bankruptcy, Companies and Corporations
Apr 17, 2013
|Story| Hartford Courant
Apr 8, 2013
|Column| Allentown Morning Call
Apr 5, 2013
|Story| Hartford Courant
Feb 25, 2013
|Column| Orlando Sentinel
Feb 24, 2013
|Story| Aberdeen News
Jan 12, 2013
|Story| Hartford Courant
Feb 4, 2013
|Story| Los Angeles Times
Jan 30, 2013
|Story| Petoskey News
Jan 12, 2013
|Column| Hartford Courant
Jan 2, 2013
|Story| Hartford Courant
Jan 9, 2013
|Story| RedEye
Jan 8, 2013
|Story| Baltimore Sun
Original site for American International Group topic gallery.