The Good
- Robert Khuzami may become damaged goods for his time at the SEC. Not very likely but we hope so. Yves Smith at Naked Capitalism
January 17, 2013
The Bad
- Goldman’s salaries raise $30,000 a head in 2012. For doing what exactly? Jill Treanor at The Guardian
January 16, 2013
- New ruling on mortgage putbacks is potential big win for the banks as it “significantly increases the the cost of asserting breach-of-contract claims” Alison Frankel at Reuters
January 17, 2013
The Ugly
- It’s revealed the the Independent Foreclosure Review was basically “doomed from the beginning” in Sheila Bair’s words. “It was designated the generate fees for consultants not to help homeowners.” The OCC and FED ignore calls for review and the ugly blame game begins. Ben Hallman and Eleazar David Menendez at the Huffington Post
January 17, 2013
- Is there now a three tiered justice system. One for Jamie Dimon who gets no charges and no fines for violating the Bank Secrecy Act/Anti-Money Laundering Compliance. Another for HSBC, who violated the same act and got a paltry fine. And far below that Karen Gasparian, manager of G&A check cashing company, who gets 5 years. Again DOJ using the law to beat up the little guys. Marcy Wheeler at Empty Wheel
January 15, 2013