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Will AIG or the Govt. Ever Pay Taxpayers Back?

Recently, according to the Congressional Oversight Panel, the US government, if it had acted sooner and with more focus, would have been able to privately fund the AIG bailout. As it stands, taxpayers picked up the $182 billion check, neither the government nor AIG could pay. Most of the billions […]

Homeowners Take Bank of America to Court for Withholding Govt. Funds

On March 23rd, in Washington State, homeowners filed a lawsuit in US District Court, against the Bank of America, for withholding funds from the government intended to aid homeowners facing impending foreclosure. Banking giant, Bank of America, is accused of, intentionally, preventing Washington homeowners access to funds from the Troubled […]

Pacific Coast National Bank, San Clemente, California, Closed by FDIC

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $27.4 million