Great. Now they ask us.
This would have been an excellent question in June and July 2007, when the MedMartConCenter sales tax was “under consideration” by the County Commissioners.
In fact, some of us asked it. But not the Plain Dealer.
From coverage in Wednesday’s Twin Cities Pioneer-Press of a speech by U.S. Bancorp Chief Executive Richard Davis:
Davis went on to say in his talk that while government officials marketed the program as a way to entice banks to lend again, TARP actually was designed to give solid banks like U.S. Bancorp some extra cash to [...]
The Independent reports yesterday:
Royal Bank of Scotland (RBS) is looking to sell Asian and US assets bought by Sir Fred Goodwin in the two biggest acquisitions he made as chief executive of the now-stricken bank.
RBS wants to offload all or part of the Asian operations it acquired when it bought ABN Amro in late 2007 [...]
Last week Bank of America, JP Morgan Chase, Wells Fargo and Citigroup all proclaimed a “moratorium†on foreclosures against owner-occupied homes for a few weeks to give the President a chance to announce and implement his foreclosure program
In the last two days (Wednesday and Thursday) 125 new foreclosure cases have been filed in Cuyahoga County [...]
The answer is NO.
President Obama won’t deliver his big foreclosure program speech until this afternoon (Phoenix time), but the prepared version is now on line at the New York Times. It looks like there are five concrete pieces to the plan (bold-typed below).
Last week Bank of America, JP Morgan Chase, Wells Fargo and Citigroup all loudly proclaimed a “moratorium” on foreclosures against owner-occupied homes for a few weeks to give the President a chance to announce and implement his foreclosure program. (That announcement is scheduled to take place today in Phoenix.)
So… fifty-five new foreclosures were filed yesterday [...]
Last Friday, February 13, Citigroup issued a press release that said:
To reiterate the commitment made by Chief Executive Officer Vikram Pandit to the House Financial Services Committee on February 11, 2009… Citi has initiated a foreclosure moratorium on all Citi owned first mortgage loans that are the principal residence of the customer as well as [...]
CNN Money:
WASHINGTON -(Dow Jones)- In the midst of public rage, top U.S. bank executives Wednesday… agreed to work with federal officials to help stem foreclosures and restore public trust.
Two executives, in particular, even agreed to stop foreclosures until President Barack Obama’s administration unveils its new plans for easing ongoing pain in the housing markets.
“If we [...]
Yesterday was the twenty-first full day of the Obama Administration. So far the President has taken no public actions to institute the foreclosure moratorium he promised, or to stop foreclosures in any other way… though the White House has told the press that they’ll let us know about their foreclosure strategy “in a couple [...]