Posts tagged banks

shortformblog:

wreckandsalvage:

(via Chase Burning | eBay)
Burning bank painting has 54 bids, and a price of $10,100 on eBay right now.

This painting has already gotten a bunch of media coverage and earned much notoriety for the artist. Alex Schaefer really captured the mood of the culture with a single painting.

shortformblog:

wreckandsalvage:

(via Chase Burning | eBay)

Burning bank painting has 54 bids, and a price of $10,100 on eBay right now.

This painting has already gotten a bunch of media coverage and earned much notoriety for the artist. Alex Schaefer really captured the mood of the culture with a single painting.

shortformblog:

U.S. to sue banks over mortgages: This oughta be fun. The list includes a over a dozen names, such as Bank of America, Goldman Sachs and JPMorgan Chase. “The suits will argue the banks, which assembled the mortgages and marketed them as securities to investors,” the article says, “failed to perform the due diligence required under securities law and missed evidence that borrowers’ incomes were inflated or falsified. When many borrowers were unable to pay their mortgages, the securities backed by the mortgages quickly lost value.”

shortformblog:

U.S. to sue banks over mortgages: This oughta be fun. The list includes a over a dozen names, such as Bank of America, Goldman Sachs and JPMorgan Chase. “The suits will argue the banks, which assembled the mortgages and marketed them as securities to investors,” the article says, “failed to perform the due diligence required under securities law and missed evidence that borrowers’ incomes were inflated or falsified. When many borrowers were unable to pay their mortgages, the securities backed by the mortgages quickly lost value.”

The swashbuckling banking institutions that were deemed too big to fail before are today much bigger than they were when they were already too big, if you follow.