A ‘Little Judge’ Who Rejects Foreclosures, Brooklyn Style
A ‘Little Judge’ Who Rejects Foreclosures, Brooklyn Style
The New York Times
The judge waves you into his chambers in the State Supreme Court building in Brooklyn, past the caveat taped to his wall — “Be sure brain in gear before engaging mouth” — and into his inner office, where foreclosure motions are piled high enough to form a minor Alpine chain.
As Big Banks Repay Bailout Money, U.S. Sees a Profit
The New York Times
Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again.
FDIC to Ratchet Up Scrutiny of Newly Chartered Banks
The Washington Post
New banks will face tighter oversight under federal rules announced Friday, as the Federal Deposit Insurance Corp. looks to minimize the potential for payouts to depositors at troubled institutions.
Credit Unions Buck the Crunch with Record Loan Originations
DSNews
While the credit crisis continues to dominate the economic news, the country’s 7,848 credit unions reported record-breaking performance in new loans granted in the first half of 2009.
Commercial Real Estate Lurks as Next Potential Mortgage Crisis
The Wall Street Journal
Federal Reserve and Treasury officials are scrambling to prevent the commercial-real-estate sector from delivering a roundhouse punch to the U.S. economy just as it struggles to get up off the mat.