Treasury Gets a Citibanker

From Wall Street failure to the pinnacle of finance in four short years.

The Wall Street Journal 1/28/2013

There was a time when you had to be successful on Wall Street to become secretary of the Treasury. Now along comes presidential nominee Jack Lew, whose only business credential is a stint at the most troubled […]

FDIC Chairman Sheila Bair Just Proposed Paying Delinquent Homeowners $21,000 to Walk Away

Mike “Mish” Shedlock Global Economic Trend Analysis Business Insider 3/26/2011

The Financial Times reports US Banks in ‘Cash for Keys’ Foreclosure Talks

The five biggest US mortgage servicers were told this week at a private meeting with regulators to consider paying delinquent borrowers up to $21,000 each as part of a broader settlement of the […]

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