Saturday, March 24, 2012

NYTimes: Weak Sales In Housing; Prices Rise

From The New York Times:

Weak Sales In Housing; Prices Rise

The Commerce Department said Friday that new-home sales dropped 1.6 percent last month. Sales have fallen nearly 7 percent since December.

http://nyti.ms/GITpjz

Friday, March 16, 2012

S.E.C. Appears Poised to Win Appeal in Citigroup Settlement

 A federal appeals court dealt a stinging rebuke on Thursday to Judge Jed S. Rakoff of the Federal District Court in New York, who last year rejected a Securities and Exchange Commission fraud settlement with Citigroup because the deal had allowed the company to avoid admitting any wrongdoing.

New York Times article: http://nyti.ms/zlUsXD

Wednesday, March 14, 2012

NYTimes: S.E.C. Charges Three Former Mortgage Executives With Fraud

From The New York Times:

DEALBOOK: S.E.C. Charges Three Former Mortgage Executives With Fraud

The agency says former executives at Thornburg Mortgage, once the nation's second-largest mortgage company after Countrywide Financial, hid the company's deteriorating financial condition at the onset of the financial crisis in 2008.

http://nyti.ms/wXII62