Wells Fargo

New proposal to help underwater homeowners

Today or tomorrow all 50 states are expected to sign off on a $37 billion settlement with Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial that will provide compensation to homeowners who were harmed with nefarious foreclosure practices.  This deal between the big banks and the states’…

Gallup misleading Congress and public

Tomorrow the U.S. House Committee on Small Business holds a hearing featuring the results of a Gallup poll conducted in October last year.  The title of the hearing is The Path to Job Creation but the better title might be The Path to Deceiving Congress.    The issue is the…

Small business access to capital

The country’s biggest banks have taken a lot of criticism about small business lending since the great recession began. Obviously, they don’t agree with their critics. In a recent interview with Robb Mandelbaum of The New York Times, Marc Bernstein, one of the top two small business lending executives at…