Brancaccio asked about whether these Wall Street types recognized that bonuses are usually paid on profits, but that profits are "radically down," and Bethany replied that they don't. She said that there's a widespread belief that "it wasn't my fault,... (Continue reading)
2. Goldman must either start lending like a bank, or it's not allowed to keep its status as a "Financial Holding Company," which is what allows it to put more than $125 BILLION at risk without having to worry about... (Continue reading)
HERE IT IS... Issue #2 of Mandelman's Monthly Museletter! INSIDE THIS MONTH'S ISSUE: Scammer Servicers, JPMChase Mods Begin at Home, The Servicers Pledge, Countrywide's Lying Again, Barney's Pissed, 1/10 in CA, Banker Bonuses, FTC's Hunt, Mod Performance, New... (Continue reading)