In a subscribers-only story, the Wall Street Journal describes a troubling lender practice that Chinese banking regulators are starting to examine more closely.
The banks temporarily sell their loans to Chinese trust companies with a promise to repurchase the loans within a few years. This [...]
Bailed-out Citigroup says it will be known as bailed-out no more. The bank announced plans to return $20 billion in federal funds while converting another $25 billion in debt into a 34 percent ownership stake in the company for Uncle Sam.
[...]After the debacles of the overall housing bubble and the Ginnie Mae rerun last week, one might think that government might reconsider the notion of demanding that banks make marginal loans on a large scale. Last night’s interview with Barack Obama on CBS shows that populists have a particular [...]
Today's Strib ran a very long and sympathetic profile of Neel Kashkari, the bank bailout czar who burned out big-time working for the Treasury Department, trying to avert an economic meltdown. As a one-time near workaholic, I thought the account of the stress and Kashkari's enlightenment from his experiences [...]
Well, last night after [...]
As the US Congress considers financial reform, citizens are still feeling the effects of predatory lending by bailed-out banks. Five women from Minneapolis are fighting for their homes. KFAI's Robert O'Connor reports.
Byline KFAI Radio By: Robert O'Connor [...]
