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Summary: S&P has settled claims stemming from the financial crisis with the Justice Department, many of the individual states, and other entities for $1.5 billion. According to Bloomberg, Standard & Poor has settled with the U.S. Justice Department, several states, and…>read moreNo Comment February 3, 2015
Summary: Goldman Sachs will join Bank of America and other financial institutions that have recently settled claims of fraudulent conduct by paying $1.1 billion to the Federal Housing Finance Agency as early as next week. Reuters reports that Goldman Sachs…>read moreNo Comment August 25, 2014
Mortgage Financiers Freddie Mac and Fannie Mae will pay the US Treasury $39 billion in dividends. Freddie will give $30.4 billion and Fannie will pay $8.6 billion, after both had strong Q3 earnings. The payments will bring the two “quasi-public”…>read moreNo Comment November 8, 2013
The Survey of Consumer Finances, a three-year study of America’s finances, has been released Monday, confirming what so many of us have felt and experienced: between 2007 and 2010 the family’s average net worth has slipped about 40 percent, mostly…>read moreNo Comment June 12, 2012