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  Tuesday, 12 Oct 2010 | 8:30 AM ET

Google's Newest Business: Tracking Inflation

Posted By: Ash Bennington
  Monday, 11 Oct 2010 | 5:53 PM ET

Terrorists & Inflation Less of A Threat Than Government

Posted By: Ash Bennington
  Monday, 11 Oct 2010 | 5:35 PM ET

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
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.”

» Read More
  Monday, 11 Oct 2010 | 5:20 PM ET

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.

»Read more
  Monday, 11 Oct 2010 | 5:19 PM ET

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.

»Read more
  Monday, 11 Oct 2010 | 4:47 PM ET

Now Goldman Sachs Is Freezing Foreclosures

Posted By: John Carney

One by one, the foreclosure mills are grinding to a halt.

»Read more
  Monday, 11 Oct 2010 | 4:45 PM ET

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.

»Read more
  Monday, 11 Oct 2010 | 4:35 PM ET

The Hitler Bunker Parody Version of Foreclosure Gate

Posted By: John Carney

You knew this had to come out.

»Read more
  Monday, 11 Oct 2010 | 3:28 PM ET

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."

» Read More
  Monday, 11 Oct 2010 | 2:48 PM ET

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.

Foreclosure
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.

» Read More

About NetNet

  • NetNet is where you'll find the low-down and the high jinks of Wall Street. It's the place for insider stories, trader gossip, and tales of the foibles of the moneyed crowd and the culture of finance.Wall Street news and commentary served fresh all day long.

 

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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