JP Morgan sued for fraud by Attorney General over Bear Stearns securities: The New York attorney general's office has hit JPMorgan Chase & Co. with a civil lawsuit, alleging that investment bank Bear Stearns — prior to its collapse and subsequent sale to JPMorgan in 2008 — perpetrated massive fraud in deals involving billions in residential mortgage-backed securities.
How the NY AG built his RMBS case against JP Morgan for Bear Stearns Sins: One documentary film maker, one investigative journalist, and one law firm willing to take a risk led to the lawsuit the New York Attorney General just filed against JP Morgan for a system wide effort to defraud mortgage investors by Bear Stearns.
One in five US households has student loan debt: Nineteen percent of all US households in 2010 owed student loans, up from 9 percent in 1989 and 15 percent in 2007, according to the latest report from the Pew Research Center. The average outstanding debt is $26,682. The statistics point to the ever-thickening social quicksand the youth and poor are being forced into.
Water prices double across the USA: While most Americans worry about gas and heating oil prices, water rates have surged in the past dozen years, according to a USA TODAY study of 100 municipalities. Prices at least doubled in more than a quarter of the locations and even tripled in a few.
The Banker Who'd Cut Social Security and Medicare - and May Become Treasury Secretary:Why is the Administration talking about replacing Treasury Secretary Geither with a wealthy banker who wants to cut Social Security and Medicare, would lower taxes on his fellow rich people, and is trying to impose European-style job-destroying austerity on this country?
Where did the mammoth US budget deficits come from?: Let's go back about a decade, when budget surpluses were predicted for the foreseeable future. Somehow, the math went terribly wrong, by trillions of dollars. Here's an accounting of what happened.
Real Unemployment Reaches 20% In 7 Colorado Counties: In seven counties in Colorado unemployed individuals are close to or exceeding 20% of the population, a letter from the Chief Economist of CDLE to the U.S. Department of Agriculture says.
Free Medical Care For L.A.'s Uninsured Gets Largest Turnout : The four-day event welcomed anyone in need of medical help, especially the uninsured. Patients camped outside last Monday to secure one of the coveted 4,800 wristbands distributed—the highest number Care Harbor has ever given in its four years of hosting the clinic.
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