Michelle Caruso-Cabrera... for Senate? (BusinessInsider)
NetNet With John Carney
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Even inside JPMorgan Chase, it's a bit of a mystery. Was it the outreach? Or were investors just not that interested in taking power from Dimon?
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Brit Bankers Are Back In The Lap Dance Game Again
Posted By: John Carney
Austerity might be all the rage for debt-issuing sovereigns in Europe these days.
Exotic Dancer
But it certainly hasn't taken hold of the financial sector's would-be BSD's. The Evening Standard reports that we're right back to the boom times, at least when it comes to the kind of strip clubs favored by London's traders:
Andrew Hawes, managing director of Bollinger UK, said it was currently impossible to get enough of its £120-a-bottle Special Cuvée into Britain because demand is so strong.
He said: “There was a time when people certainly didn't want to be seen with an expensive bottle of champagne — but we're past that phase now.”
Need Into MBA School? Not A Problem.
Posted By: Julia La Roche
When I walked out of Delmonico's after dinner with my parents Saturday night I came across this flyer on a U.S. mail box near the restaurant.
Yes, You Should Be Very Worried About the C-4 Found in A Second Street Cemetery
Posted By: John Carney
Do not believe the reassurances you might hear about the explosives found in an East Village cemetery.
Now Goldman Sachs Is Freezing Foreclosures
Posted By: John Carney
One by one, the foreclosure mills are grinding to a halt.
The Foreclosure Crisis and SarbOx
Posted By: John Carney
The news that a single loan officer working for Ally’s GMAC mortgage unit processed tens of thousands of foreclosure documents, many apparently falsified, each month for five years should have executives and auditors at all the large mortgage servicers quaking.
The Hitler Bunker Parody Version of Foreclosure Gate
Posted By: John Carney
You knew this had to come out.
The Politics of Foreclosure
Posted By: Ash Bennington
On Friday afternoon, I wrote about how IRON, The Interstate Recognition of Notarizations Act, went from its beginnings as a dull bipartisan bill, which unanimously passed the House and Senate, to a political hot potato.
The Secretary of State for the state of Ohio, Jennifer Brunner, was an early critic of the bill. David Streitfeld and Gretchen Morgenson reported in the New York Times that Brunner "suggested in a telephone interview on Tuesday that a bill passed by Congress last week about notarizations could facilitate foreclosure fraud."
A Primer On The Foreclosure Crisis
Posted By: John Carney
Last week, Bank of America announced that it was halting foreclosures in all fifty-states while it reviewed its foreclosure process for defects. Now several lawmakers on Capitol Hill are calling for other banks to initiate nationwide foreclosure freezes—a move which the Obama administration is currently opposing.
Photo: Jeff Turner
Foreclosure
So what’s going on here? Why is the foreclosure machinery of our nation’s largest banks suddenly grinding to a halt? What does this mean for the financial sector and the economy?
Let’s start with the most basic questions first. Then I’ll explain some of the possible implications for homeowners, banks, and the economy.
Horray! Bonus Season Is Back And Bigger Than Ever (Maybe)
Posted By: Cadie Thompson
Well, it's almost bonus season on Wall Street, but some financial professionals are more hopeful about their payout than others.
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Senior Editor covering Wall Street, hedge funds, financial regulation and other business news.
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Senior writer for CNBC.com, covering the gamut of issues affecting the stock market and the economy.
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Wall Street
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Municipal bonds face trouble ahead that one expert links to lava flowing from a volcano.
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CNBC's Bob Pisani looks ahead to a short week and the earnings reports that are left, as well as what could come out of the Bank of Japan. Also, a re-balancing in the Morgan Stanley Index happens next week.
