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Top Ten Subprime Scrooges
NEW YORK - They're being called "Subprime Scrooges," the top ten banks responsible for foreclosing on New Yorkers during the holiday season. Senator Jeff Klein released the list of the top ten banks Thursday. According to the senator, the banks will...Tags: HSBC Holdings plc, Foreclosures, Bank of America Corp., Long Island, Deutsche Bank AG
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Resort Offers Stay In Exchange For Slumping Stocks
NEW YORK - If you're thinking about skipping that vacation this year, you many want to reconsider. One company is urging people to trade in their struggling stocks for some fun in the sun. It's all part of Elite Island Resorts latest promotion "Roll...Tags: MetLife Incorporated, Boeing Co., Dell Inc., JPMorgan Chase & Co., Personal Service
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With deal, Legg enters risky realm of hedge funds
Sun StaffThousands of people with a penchant for the markets and a creative idea to beat them run hedge funds, or investment pools for the uber-rich. By Isaac Souede's estimation, though, only about one in 50 is any good. This at once explains why Legg Mason Inc....Tags: Legg Mason, Inc., JPMorgan Chase & Co., George Soros, Finance, Death
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Feds throw AIG $85 billion lifeline
The Swampby Frank James Talk about throwing a head fake. Less than 24 hours after the feds appeared to be signaling to a waiting world that they had, at least for the rest of this week, sworn off any more Wall......Tags: Ben Bernanke, Insurance, Politics, Barack Obama, Lehman Brothers Holdings Inc.
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Gov. Paterson: All politics is local
Spin CycleAll politics is local -- and Paterson remembers the lesson today. In a smart move, as Congress and the WH hash out an unprecedented $1 trillion federally backed facility to take over bad mortgages from banks, Paterson writes Treasury's Paulson......Tags: Federal Reserve, Legal Services, Central Bank, Services and Shopping, Investments
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Wall St feels tightening fed grip
The Swampby Frank James The not-so-invisible-hand of Washington reached out on Sunday and snatched the last two remaining big Wall Street investment banking firms into the world of increased federal regulation with the announcement that Morgan Stanley and...Tags: Federal Reserve, Companies and Corporations, Central Bank, Morgan Stanley Dean Witter & Company, Goldman Sachs Group, Inc.
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Treasury hires bank to manage bailout
The Swampby James Oliphant The Treasury Department Tuesday announced that it has selected Bank of New York Mellon to implement the administration's "rescue plan" to bolster distressed financial institutions. The department hired the New York City-based firm Monday...Tags: Financial and Business Services, Business Institutions, Services and Shopping, Economy, Business and Finance, U.S. Department of the Treasury
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Bankers say they 'get it' on bailout
The Swampby Frank James Vikram Pandit, Citigroup's chief executive officer, is really, really sorry his company was going to buy that French-made private jet and it won't happen again. Pandit told lawmakers at a House hearing today: Mr. Chairman, the......Tags: Financial and Business Services, Barney Frank, Loans, Behavioral Conditions, Economy, Business and Finance
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Stress Tests Show Biggest Banks Still Need Money
Angela King and Associated PressWASHINGTON (AP) - Some of the nation's biggest banks don't have enough money to survive a deep recession. That's what the preliminary findings from the Treasury Department "stress tests" show. The official report will be released Thursday afternoon....Tags: Financial and Business Services, Fox Broadcasting Company, Washington (U.S. state), Keycorp, Regions Financial Corporation
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Treasury Approves 10 Banks' Proposals To Repay Bailout Money
(WGN-AM)- The Treasury Department has approved 10 of the nation's largest banks to repay $68 billion in government bailout money. The department on Tuesday said the banks, which were not named, will be allowed to repay the money they received from the...Tags: JPMorgan Chase & Co., Finance, Northern Trust Corporation, Big 3 Auto Bailout (2008), WGN
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Ebbers juror says data led to conviction
Bloomberg NewsNEW YORK - WorldCom Inc. documents showing the company's declining finances and the testimony of former chief executive Bernard J. Ebbers that he saw them are what sealed his conviction, not star witness Scott D. Sullivan, a juror said yesterday. Zina...Tags: WorldCom Incorporated, Prosecution, Crimes, Bronx (New York City), Crime, Law and Justice
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3 unions on creditors panel
Tribune staff reporterUnited Airlines, whose internecine worker-management strife contributed to its downfall, now finds that its beleaguered unions will play a significant role in shaping the way the company will reinvent itself. On Friday, the Association of Flight...Tags: U.S. Airways, Justice System, Chicago, London Heathrow Airport, New York
Dec 5, 2008
|Story| WPIX-LTV
Dec 11, 2008
|Story| WPIX-LTV
Jul 6, 2005
|Story| Baltimore Sun
Sep 17, 2008
|Blog| Chicago Tribune
Sep 19, 2008
|Blog| Newsday
Sep 22, 2008
|Blog| Chicago Tribune
Oct 14, 2008
|Blog| Chicago Tribune
Feb 11, 2009
|Blog| Chicago Tribune
May 7, 2009
|Story| KCPQ-LTV
Jun 9, 2009
|Story| WGN-AM
Mar 17, 2005
|Story| Baltimore Sun
Dec 14, 2002
|Story| Chicago Tribune
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