A new article in Bloomberg talks about the biggest banks getting $1.2 trillion in help: Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits. […]
Too Rich To Prosecute
Get ready to be pissed to the point of wanting to break stuff: A Morgan Stanley wealth manager will not face felony charges for a hit-and-run because Colorado prosecutors don’t want him to lose his job. Martin Joel Erzinger, who manages more than $1 billion in assets for Morgan Stanley in Denver, is being accused […]