Trump Sought a Loan During the 2016 Campaign. Deutsche Bank Said No.

The failed loan request is an untold chapter in Mr. Trump’s long and tortured relationship with the banking industry. It Continue reading →

Dow drops 150 points, S&P 500 on the cusp of a bear market

Last week the Dow lost 1,655 points, or 6.8 percent. That was the Dow’s worst week of trading since October Continue reading →

House sends bill loosening banking regulations to Trump’s desk

President Donald Trump pledged on the campaign trail to “do a big number” on the Dodd-Frank Act. And now a Continue reading →

Senators Approve Sweeping Rollback of Dodd-Frank Banking Regulations

Back on Capitol Hill, senators voted 67 to 31 in favor of a sweeping, bipartisan bill rolling back many of Continue reading →

$300m Puerto Rico Recovery Contract Awarded to Tiny Utility Company Linked to Major Trump Donor

Puerto Rico has agreed to pay a reported $300 million for the restoration of its power grid to a tiny utility Continue reading →

House flippers triggered the US housing market crash, not poor subprime borrowers

Analyzing a huge data set of anonymous credit scores from Equifax, a credit reporting bureau, the economists—Stefania Albanesi of the Continue reading →

Quote of the Day: Senator Elizabeth Warren smacks-down Wells Fargo CEO John Stumpf

“Okay, so you haven’t resigned.  You haven’t returned a single nickel of your personal earnings.  You haven’t fired a single Continue reading →

Warren Wants FBI Transparency About Financial Crisis

Sen. Elizabeth Warren wants the FBI to explain why people involved in causing the 2008 financial crisis didn’t face criminal Continue reading →