Bernie Madoff’s victims want to get their money back faster. The New York Post reports that hundreds of Bernie Madoff’s investors are arguing in court that Irving Picard, the court-appointed bankruptcy trustee in the Madoff case, is raking in too much cash for his stewardship of the ill-gotten funds.
The bill for Picard’s service Read More
Now that the demand for loans is basically tapped out — even as lending standards relax ever so slightly – banks seem to have found a new way to screw with their customers. A savings account at an American bank now offers little more than the tiniest sliver of interest. Banks are rewarding financial discipline — and Read More
District Attorney Kathleen Rice reiterated her call last night for her opponents in the Attorney General race to turn over their income tax returns. In a press release this morning, Rice said:
What the financial reports released yesterday make clear is that there are two candidates in this race who could circumvent the need for Read More
Here’s Christine Quinn defending a 4.6 percent increase in the City Council’s operating budget.
Quinn said it’s mostly due to cost of living adjustments for city workers, part of an earlier deal the mayor had struck. She added that in the last three years, the City Council has reduced headcount by 30 people, and Read More
