Fed leaves rates unchanged, ends asset buying, promises low rates. Detroit’s pension consultant gets sued for incompetence and negligence.
Posts under ‘Corruption’
CPI remains muted. Mortgage activity increases as rates fall. Ocwen gets caught backdating letters and abusing its mortgage clients.
IBM misses big. CoreLogic notes that mortgage credit is very tight. What about debt and income? The Fed borrows way more than the deficit.
Bay area home sales strong from a year ago but weak for the month. Fear index hits a very high 1.53. Shale oil companies fake reserve data.
Import and export prices fall further into the red. Barclays setteles another LIBOR suit. Major averages fall hard for the week.
Factory orders plunge, auto sales slip. Stockton’s bankruptcy goes against pensioners. Nanax figures HFT harms investors and is illegal.
Consumer spending matches expectations +.3% as does the Dallas Fed +3.7. Carmen Segarra outs Goldman Sachs and the NY Federal Reserve.
Consumer credit jumps again. ISDAFix interest rate rigging scandal gets referred for criminal prosecution, but will it be.
Deflation remains a persistent threat, credit markets agree. IMF director Christine Lagarde faces a formal investigation for fraud.
Durable goods orders jump but business spending slips. Goldman Sachs pays 3.15 billion to settle MBS fraud. Richmond fed gains.