Under-fire Goldman Sachs reveals 90% jump in profits: Just days after US regulators began a $1bn (£650m) fraud action against the firm, Goldman revealed a leap in quarterly profits from $1.8bn to $3.5bn and disclosed that it was setting aside $5.49bn to pay its employees. UK investigates Goldman Sachs: The announcement on Tuesday came as the investment bank reported surging first-quarter earnings, almost double those of the same period last year. Fraudulent Foreclosures Across The Country: In courtrooms across the country, judges are foreclosing on homes based on improperly prepared documentation, some of which may even be fraudulent. New Face of Foreclosure – The Unemployed: The Treasury Department estimates 6 million home loans nationally are at least 60 days delinquent on payments, but through the end of March, the government reported that only 230,801 Americans had modified their loans through the Making Home Affordable program.
Wednesday, 21 April 2010
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