Criminal Charges and Civil Inquiries for JP Morgan? No surprise…

Banks behaving badly (now referred to as BBB) should be the title of an on-going saga with the nation’s largest financial institutions. It’s also the reason why harsh penalties and strict regulations are needed to keep Wall Street from running amok.

In the latest episode of ‘BBB’, J.P. Morgan Chase, the nation’s largest bank based on its asset size, is back in the news again. … [Read more]

What makes *them* so important? Bankers are not too big to jail!

FRONTLINE documentary titled “The Untouchables” aired on PBS stations last night. The focus on the financial system meltdown of over four years ago may have been eye-opening to anyone who hasn’t been paying attention to the financial services industry but, for the rest of us who have a Wall Street-sized chip on our shoulders, the excellent documentary served to heighten our disgust at the fact that no bankers were jailed for crumbling the U.S.… [Read more]

The New Face of Home Ownership

The American dream of the 1950s — owning a home in suburbia — is no longer what it seems. Single income households are generally a thing of the past, and residential renting became much more practical when the housing market turned downwards at the onset of the economic recession. As single family home sales stalled, condominium purchases picked up some slack.… [Read more]