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Tim Kaine Calls To Deregulate Banks As He Campaigns To Be Clinton's VP

WASHINGTON ― Sen. Tim Kaine (D-Va.) is on Hillary Clinton’s short list of potential vice presidential nominees. He’s also actively pushing bank deregulation this week as he campaigns for the..
Huffington Post

Obama, Biden endorse Kamala Harris for US Senate

 US President Barack Obama and Vice President Joe Biden on Tuesday backed California's Indian- American Attorney General Kamala Harris to be the state's next Senator, brightening her chances to..

Videos for "Mortgage Crisis"

News video: Goldman Sachs’ Quarterly Profits Make the Big Rebound

Goldman Sachs’ Quarterly Profits Make the Big Rebound 00:48

Goldman Sachs’ latest quarterly profits have rebounded 78% from its worst quarterly results in five years. The bank, however, continues to cut its bonus pool for Wall Street workers. As trading..
Source: Wochit Business -

News video: JPMorgan Chase raises its minimum wage by 20%

JPMorgan Chase raises its minimum wage by 20% 00:42

JPMorgan Chase is jumping on-board the "Fight for $15" movement. According to the CEO and chairman of Chase, the bank will increase minimum wage for their employees. Currently at $10.15 an hour (with..
Source: Wochit Business -

News video: Judge To Trader: Claim For $83 Million Bonus 'Strains Credulity'

Judge To Trader: Claim For $83 Million Bonus 'Strains Credulity' 01:13

A federal judge on Wednesday said a former star Wall Street trader from Lehman Brothers Holdings Incorporated was not entitled to an $83 million bonus he claimed he was owed. The bonus was allegedly..
Source: Wochit Business -

News video: Supreme Court Rules on Predatory Loans from Wells Fargo, B of A

Supreme Court Rules on Predatory Loans from Wells Fargo, B of A 01:01

The U.S. Supreme Court on Tuesday agreed to decide whether Miami can pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic homebuyers. Such loans often resulted in..
Source: Wochit Business -

News video: What Does Brexit Mean For Investing?

What Does Brexit Mean For Investing? 00:34

As many people around the world are trying to comprehend what just happened in Britain, investors be wondering "What does the Brexit mean for my money?" If you are worried about your 401(k), take..
Source: Wochit Business -


Will Rome Feel The Effects Of London's Housing Bubble?

London's housing bubble is beginning to burst. The first effects are already being felt in London and it is very likely that over the next few weeks the prices of residential and commercial property..
Huffington Post

"China Is Headed For A 1929-Style Depression"

china is headed for a 1929-style depression
Authored by Sue Chang via MarketWatch.com, *Andy Xie isn’t known for tepid opinions.* The provocative Xie, who was a top economist at the World Bank and Morgan Stanley, found notoriety a decade..
Zero Hedge

Here's The Draft Democratic Party Platform

Here's the draft of the Democratic Party platform. It is dramatically more progressive than the 2012 version. The nation's political center of gravity has changed. Thanks to grassroots movements like..
Huffington Post

KYLE BASS: 'We are facing the largest macro imbalance in global history'

kyle bass: 'we are facing the largest macro imbalance in global history'
 "We are facing the largest macro imbalance in global history." That's according to Kyle Bass, founder of hedge fund Hayman Capital Management. Investors better prepare for a Chinese crisis..
Business Insider

What Homeowners Need to Know About HARP Refinancing

In the wake of the subprime mortgage crisis and economic downturn of 2008, millions of U.S. homeowners saw the value of their homes — and their overall wealth — decline drastically.

A Brexit view from Berlin: On balance, we would miss the Brits

Jointly owning a property in Germany without a contractual agreement can be very risky. Statistically, people in Germany own a property for longer than they are married. If the respective property is..
City A.M.

Highly-Regulated Canadian Banks 'Easily' Survive Housing Crisis: Moody's

The largest Canadian banks would be able to absorb the impact of a severe downturn in the housing market without incurring "catastrophic losses," according to Moody's Investors Service. The ratings..

Frontrunning: June 21

· Tiny Tilt in ‘Brexit’ Polls Roils Global Markets (WSJ) · Oil prices slip after rally as market turns cautious (Reuters) · What to Watch for in Janet Yellen’s Congressional Testimony..
Zero Hedge

Too Orange To Jail? US Government Drops Suit Against Countrywide's Mozilo

too orange to jail? us government drops suit against countrywide's mozilo
*U.S. prosecutors have abandoned their case against Angelo Mozilo, *the over-tanned character at the center of the risky subprime mortgages that fueled the financial crisis, after a two-year quest to..
Zero Hedge

HSBC gets its Household in order as it settles lawsuit for $1.6bn

 HSBC has reached a settlement with shareholders after a dispute over its acquisition of Household International, back in 2003. The company said it will pay just under $1.6bn (£1.1bn) to..
City A.M.

How Wall Street Is Strangling The Economy

how wall street is strangling the economy
Submitted by Adam Taggart via PeakProsperity.com, This week, Chris interviews Time Magazine assistant managing editor and economic columnist Rana Foroohar about the findings within her new book..
Zero Hedge

How Big Data Is Changing Conventional Lending

It's no overstatement to say that new technologies and Big Data are upending many traditional industries. Sure, there are multi-billion-dollar darlings such Uber, AirBNB, and Lyft that are seemingly in..
Huffington Post

5 Reasons This Country Is In For Big Trouble

5 reasons this country is in for big trouble
By Chris at www.CapitalistExploits.at My little girl came into my office the other day and was looking over my shoulder. Suddenly she ran out of the room calling to her brother. “I know Dad’s..
Zero Hedge

Spike in Defaults Looming: Remaining Interest-Only Alt-A Loans Set to Recast to Full Payment of Principal and Interest

-- - - -Spike in Defaults Looming: Remaining Interest-Only Alt-A Loans Set to Recast to Full Payment of Principal and Interest- Now, isn't this interesting... The looming recast to full..
Zero Hedge

Trump University taught how to cash in on mortgage crisis

trump university taught how to cash in on mortgage crisis
Republican presidential candidate Donald Trump’s eponymous business seminar program created a class to teach students how to cash in on U.S. mortgage foreclosures during the housing crisis. Trump..

New Clinton Ad Is More Anti-Hillary Than Anti-Trump

To the untrained eye, Hillary Clinton's new anti-Trump ad may appear to cast the blame of the financial crisis and subsequent foreclosures on Donald Trump, but to the millions of people who were there..
Huffington Post

Q1 Picks From Michael Burry - The Man Who Predicted The Mortgage Crisis


When a 'City of Conversation' becomes a union divided: Political factions propel drama at the Wallis

Location, location, location. The setting for certain plays can have as much personality as any character. Indeed, in these post-mortgage-crisis days of real estate dreaming, a desirable property in..
L.A. Times

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