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...Still, for all the needling - bankers were submitted to three hours of lawmakers' questions - taxpayers got little in the way of detail about how or why the banks blew it. Stevenson insisted the HBOS board "was all over" risk management and "stress-testing." It was external factors, he said, that ultimately did it for the bank. Goodwin claimed that at "no point did anyone get the scale or the speed of [the slowdown], and that was what was so damaging about this...

Author: /time Magazine | Title: Britain's Bankers Say Sorry — Again and Again | 2/10/2009 | See Source »

...prickly problem, though - as Dugan has pointed out - is that the available data from the OCC and OTS are rife with flaws. For instance, nowhere do servicers report what, exactly, they're doing when they modify a loan. And that, as it turns out, is an incredibly important detail since other data show that in many cases what they're doing is increasing a struggling borrower's monthly payment. The Maryland Office of Financial Regulation, which collects data on some 380,000 loans from 65 servicers, found that of modifications completed last August and September, 42% kept the monthly payment...

Author: /time Magazine | Title: Will Loan Modifications Lift the Housing Market? | 2/6/2009 | See Source »

...someone who in her scholarship digs into things in all of their detail,” Law School Professor Richard H. Fallon said. “She is not a purely legal analyst but is interested in all the policy dimensions of environmental...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Freeman Accepts Post with Obama | 2/2/2009 | See Source »

...Nesson’s request is granted, he said he would ask Oppenheim to detail the steps taken to decide why to go after Tenenbaum...

Author: By Helen X. Yang, CRIMSON STAFF WRITER | Title: Nesson-RIAA Legal Standoff Continues | 1/30/2009 | See Source »

...licensing problems. In a statement issued last week, the Cambridge License Commission faulted Z Square for "failure to apply for change of manager, failure to have a current worker's compensation insurance, a noise complaint within the six-month probationary period on their entertainment license, and unpaid police detail." The restaurant is scheduled for a hearing to resolve these issues on Feb. 10. But Taylor said that the restaurant will not return to the JFK storefront, no matter how the hearing goes. Future use of the space will depend on Cambridge Savings Bank, which owns the location. Z Square, which...

Author: By Vidya B. Viswanathan, CRIMSON STAFF WRITER | Title: Z Square Café Shuts Its Doors | 1/30/2009 | See Source »

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