Housing foreclosure settlement should focus on healing housing market, not punishing lenders, says consumer finance protection chief.
Muammar Qaddafi and Hosni Mubarak are both said to be worth billions of dollars. 'Hiding money is not rocket science,' says Jeffrey Robinson, author of a money laundering exposé.
Mortgage modifications, restitution, and relocation aid part of $6.5 million settlement to help Countrywide's foreclosed homeowners.
Tax deductions for charitable giving mean the rich can fund their pet causes while the government loses vital tax revenue. This loophole effectively takes the public good out of the hands of voter-elected representatives and subjects it to the whims of wealthy donors.
Checking account fees will come in tiers that customers can choose from in a three-state pilot program.
The tax deal means taxpayers will keep subsidizing Liberty Bonds, which are going to finance luxury, $3,000-a-month apartments.