Topic: Los Angeles Times

Wells Fargo fires exec over Malibu house scandal

NEW YORK/LOS ANGELES (Reuters) - Wells Fargo & has fired a senior vice president after investigating reports she held lavish parties at a foreclosed beachfront Malibu house owned by the bank.The fourth-largest U.S. bank said in a statement on Monday that it ...
California resort where AIG sponsored luxury retreat amid federal bailout seized by CitigroupA Southern California resort where American International Group Inc. sponsored a luxury retreat after receiving federal bailout money has been seized by Citigroup.The owners of the St. Regis Monarch Beach ...
As the U.S. unemployment rate tops 9.5 percent, headed for 10, many members of Congress are bashing President Obama's economic stimulus plan for not doing enough, fast enough to keep Americans working. "Buoyed by severance, savings, unemployment checks or their parents, the ...

Consumer Reports Morning Update

Good Friday morning, here are the top stories our editors are keeping an eye on today. As General Motors goes, so goes the nation; Citigroup is too big to fail; General Electric, one of the 12 original companies in the Dow Jones ...
More than 50 years ago, Theodor Seuss Geisel wrote a children's book about poorly implemented banking regulations. After some introductory diversions, Seuss introduces them to Supervisory Goodwill and the TARP Capital Purchase Program: In short order, the Things proceed to trash the ...
Ben Bernanke wants Congress to act quickly on the bailout plan. [Times] Here's a video of Sarah Palin being prayed over by a visiting pastor. [YouTube] Karl Rove says he doesn't know if Palin is ready to be president. [National Post via ...