Word: banking
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...knew and other people knew no sales were taking place," said DiPascali during the hearing. "I represented trades were taking place when they were not. Most of the time, money just went into bank accounts" that Madoff controlled, he said. He admitted he helped perpetuate the illusion that sales had taken place. (See the top 10 crooked CEOs...
...from all over France were sending Picat letters of support, some accompanied by checks and cash. At first she sent it all back. "I wasn't doing any of this for money," she later told the press. "But when people insisted, I decided I'd put it in a bank account the children could use later...
Still Too Late for Some It would be less monstrous if more people could take advantage of government and bank programs that would allow them to stay in their homes. But this part of the equation has been difficult in Boise and nationwide - the reason the Obama Administration recently invited 25 mortgage servicers for a day of head-knocking in Washington...
...devastating thing for the Lupos is that they'd gotten Wells Fargo, their bank, to agree to a short sale. The Lupos had found a buyer who would pay market price for the house - short of what was owed - and Wells agreed to forgive the rest of the couple's debt. The sticking point was a second lien - a $75,000 home-equity loan - owned by a different division of Wells. The buyer got spooked and walked. The Lupos have since moved into a rental house and now live in fear of the bank coming after them. "It's humiliating...
Chutzpah is the term that comes to mind when reading Israel Katz's response to President Obama's efforts to solve the West Bank--settlement issue. Israel accepted $2.4 billion in aid last year from U.S. taxpayers, yet the Katz family and fellow settlers tell us to "butt out." Californians could use that money to ease our budget crisis, and we know better than to bite the hand that feeds us--even when it's our money in the first place. Doris Concklin, CARMICHAEL, CALIF...