The Obama administration wants to reach a broad settlement with some of the nation’s banks over some sketchy foreclosure practices they have allegedly engaged in during the past few years. But New York State Attorney General Eric Schneiderman is resisting pressure from Washington to sign on to the proposed settlement. He and several colleagues argue that the settlement would make it more difficult for them to prosecute banks suspected of wrongdoing.
Mr. Schneiderman’s position is admirable. If he believes the settlement is not in the best interests of New York consumers, he should continue to resist.
Storm clouds are gathering over the U.S. economy, and everyone from top managers at big companies to the everyday consumer is looking for lightning to strike in coming months.
According to a third-quarter Business Roundtable survey of top CEOs, top managers expect the economy to grow 1.9 percent in 2010, down from a much Read More
Tales of The Recession
Americans felt slightly better about the economy in August than they did in July. The Conference Board’s consumer confidence index rose to 53.5 for August from a revised July figure of 51. Per Briefing.com, analysts had expected the index to ring in at 50.5.
Despite the incremental improvement, the index is still far below Read More