Archive - Illinois
Trading for the Client? Or Winning on Its Own?
The regulatory overhaul of the financial system that passed last summer scored a big victory: It barred investment banks’ wagering with their own capital. Many expect Wall Street will find a way around these rules.
Primer: What Is a Wrongful Foreclosure?
Banks and foreclosure defense attorneys disagree on whether errors in the process have caused wrongful foreclosures—but their definitions of what constitutes a “wrongful foreclosure” differ.
Massachusetts Posts Pharma Payments to Health Providers
This week, Massachusetts became the first state to post an online database of payments from drug and medical device companies to the state’s health care providers.
One 'Nightmare' Mortgage: Problems From Origination Through Foreclosure
A look at one case that shows common indicators of fraud and the challenges of fighting it.
Banks Modifying Tiny Percentage of Mortgages in Need
Mortgage modifications, both proprietary and HAMP, are just as rare as they were before the government’s mortgage modification program launched 19 months ago.
New York State Foreclosure Mediation Shows Glimmers of Hope in Helping Homeowners
New York is requiring banks to sit down with homeowners before foreclosing. And it’s slowly starting to pay off.
For Years, Drug Company Paid Top Athletes to Attract Doctors
One drug company, Novartis, paid millions for top athletes and coaches to make appearances at its events, in an effort to boost doctor attendance.
Rocky Road Ahead for DREAM Act
After failing to win comprehensive immigration reform, immigration proponents are now hoping to use the lame-duck session to snag an 11th-hour consolation prize: the DREAM Act.
BP Probation Officer Asks Judge to Revoke Probation, Citing ‘Criminal Negligence’
In a court filing, a federal probation officer said that BP acted negligently in the run-up to a 2009 spill—violating the terms of its probation for a spill in 2006.
SEC Investigating Citigroup Mortgage Deal
The SEC is investigating whether in the run-up to the financial crisis Citi acted improperly as it created and marketed a $1 billion CDO.
Drug Firms Say They'll Take Closer Look at the Docs They Pay
Seven drug companies paid $7.1 million to 292 doctors who faced disciplinary action or other regulatory sanctions, ProPublica found. Several companies say they may take steps to tighten screening procedures for physicians who are paid as speakers or for other activities promoting prescription drugs.
Mexico's Regional Newspapers Limit Reporting of Cartels' Role in Drug Violence
Mexico’s regional newspapers, the source of news for many in the country, downplay the role of drug cartels in assassinations and other attacks on civil authorities. Many papers don’t even cover all the drug-linked executions in their localities.
