Media

By Ryan Chittum Press favorite Jamie Dimon's JPMorgan Chase is paying $110 million to settle a class-action suit against it for gouging its customers on overdraft transactions. The bank, like many others, artificially re-ordered transactions t...

By Ryan Chittum American Banker's Victoria Finkle and Jeff Horwitz report on the credit card industry's payment-protection racket and note that the Consumer Financial Protection Bureau is scrutinizing at least one major player, Discover cards,...

By Ryan Chittum Gretchen Morgenson of The New York Times reports this morning on new criminal charges against robosigning company DocX and its founder—what could be a big development in the foreclosure scandal. It's not Obama's Justice D...

By Ryan Chittum Kevin Drum looks at how regressive taxes are at the state and local level, an issue that doesn't get nearly enough attention. While the federal system is progressive overall, even after taking into account payroll taxes, the we...

By Ryan Chittum Brad DeLong catches The Wall Street Journal editorial page in some hilariously bad math. Here's Stephen Moore: Federal workers on balance still receive much better benefits and pay packages than comparable private sector worker...

By Ryan Chittum The Wall Street Journal runs an editorial today criticizing Mitt Romney for his support for increasing the minimum wage and indexing it to inflation. Few policies are as destructive as the minimum wage at keeping the young and ...

By Ryan Chittum Sure enough, the Justice Department charged former Credit Suisse CDO executive Kareem Serageldin with fraud for allegedly artificially inflating CDO values. Two of his underlings pleaded guilty and say Serageldin orchestrated t...

By Ryan Chittum The Wall Street Journal reports, and as far as I can tell, scoops that the Justice Department is preparing to file criminal charges against mortgage-bond traders at Credit Suisse for fraud. The WSJ says two traders will plead g...

An analysis forgets mergers and acquisitions

By Ryan Chittum Scotland Yard arrested four top current and former Sun journalists and a cop. The Guardian's Nick Davies gives us the context and says it's a major development: And technicians have retrieved an enormous reservoir of material f...

By Ryan Chittum Why haven't Freddie Mac and Fannie Mae been much more aggressive about refinancing the mortgages they hold? That's a $50 billion question. ProPublica and NPR have a $3.4 billion possible answer. Jesse Eisinger and Chris Arnold ...

By Ryan Chittum The Browser has a great interview with Francis Fukayama on his five favorite financial-crisis books. Here he is on whether companies like Goldman Sachs were really capable of committing systematic fraud: It depends what you mea...