Bad Credit Loans

Burger King has been hard hit by the global financial slowdown, with sales under pressure in the US from rising jobless numbers and declining consumer confidence The global craze for mergers and acquisitions may be about to grab a takeaway, with speculation that Burger King has been in talks with a potential private equity buyers. The 55-year-old [...]

Political reality has forced compromise into the final version of the financial regulation reform bill in the US It was billed by Barack Obama as the toughest crackdown on Wall Street since the great depression. But top US banks could be given until 2022 to comply with the so-called Volcker rule, which is supposed to restrict [...]

Calls to cut social security come from economists who want to line Wall Street pockets with money from ordinary workers When politicians demand that the public do something because of the dictates of financial markets, it is best to hold on to your wallet. Back in September of 2008, both President Bush and the Democratic leadership [...]

Passage of Obama’s financial reform bill restores Wall Street to its proper role as the economy’s servant – and not its master The Senate last night passed a comprehensive financial reform bill by a vote of 59 to 39 after weeks of amendments and a series of cloture votes failed to derail the measure. Passage of S.3127, [...]

Inquiry into bid to find whether banks cheated in hunt for high credit ratings includes Citigroup, Goldman Sachs, Merrill Lynch and Morgan Stanley An allegedly “cosy” relationship between top Wall Street banks and credit rating agencies is under investigation by New York’s attorney general, who has issued a flurry of subpoenas to examine whether leading financial [...]

Banks investigated via subpoenas include Citigroup, Goldman Sachs, Merrill Lynch and Morgan Stanley over inflated mortgage grades and misleading ratings agencies The New York attorney general is investigating whether eight Wall Street banks misled ratings agencies to inflate the grades of certain mortgage securities. The attorney general of New York, Andrew Cuomo, sent subpoenas to eight banks [...]

Bank’s shares tumble on Wall Street as federal prosecutors open preliminary case file on $1bn ‘Abacus’ deal Federal prosecutors in the US have opened a preliminary criminal investigation into alleged fraud at Goldman Sachs, sending shares in the embattled Wall Street bank plunging as the firm’s legal and political problems escalate. Sources confirmed today that the US [...]

It’s neither unlawful nor unethical to bet against your own clients. It’s the way Wall Street works Those Goldman Sachs bankers. Self-serving, intolerable rogues who live in the “la-la land” of ledger entries, doing incalculable harm through their unbridled greed, overseen by supervision inferior to a Las Vegas pit boss. That’s a brief collection of venom spat [...]

US Attorney’s Office move comes two weeks after the Securities and Exchange Commission (SEC) hit the company with a $14bn fraud charge US federal prosecutors have begun a criminal investigation into Goldman Sachs over allegations that investors who bought complex mortgage-backed securities from the bank were defrauded. The Manhattan US Attorney’s Office is reportedly investigating whether Goldman, [...]

Goldman Sachs chief executive Lloyd Blankfein and trader Fabrice Tourre are giving evidence to a Senate hearing on the bank’s trading during the credit crisis. Follow the action live with Richard Adams 2.10pm: Four hours and still going. But here’s Chairman Levin again. “Let’s look at the junk you were selling,” he says with relish. How [...]