Woman Who Wasn’t Intimidated by Citi Wins $31M

BobIvry, Businessweek Sherry Hunt never expected to be a senior manager at a Wall Street bank. She was a country girl, raised in rural Michigan by a dad who taught her to fish and a mom who showed her how to find wild mushrooms. She listened to Marty Robbins and Buck Owens on the radio […]

Wells Fargo Settles Ghetto Loans Lawsuit W/ Memphis For $432M

Rick Rothacker, Reuters via Huffington Post Wells Fargo & Co has promised $432.5 million in lending and other payments to end a lawsuit accusing the bank of discriminatory lending practices in Memphis, Tennessee. The fourth-largest bank by assets has set a five-year lending goal in Memphis and surrounding Shelby County of $425 million, including $125 […]

Romney says banking reform hurting housing market in Florida

Adam C. Smith, Tampa Bay times More than four in 10 Florida homeowners are underwater on their mortgages. President Barack Obamahas not done much to help them, and it doesn’t sound like Mitt Romney has any serious plan in store either. His main idea? Repeal Wall Street reform. “Bankers have been very slow in renegotiating the mortgages, helping […]

banker indictments

Is The Lack Of Banker Indictments Because Of OJ Simpson?

Lack Of Banker Indictments Are Because The Government Is Afraid Of An OJ Simpson Style Trial Steve Dibert, MFI-Miami Since I started MFI-Miami, I have heard from thousands of people who are appalled by the fact that no one has been convicted in the financial crisis for mortgage servicing fraud, robo-signing, filing false documents, foreclosure […]

U.S. adds muscle to financial fraud investigations

Aruna Viswanatha, Reuters An Obama administration task force probing misconduct that fueled the financial crisis is increasing its ranks, adding five financial analysts and 10 new federal prosecutors spread across the country, according to a senior Justice Department official. The increased staffing reflects a new push by the administration to aggressively pursue cases against firms […]

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