Posts tagged as:

steve stanek

Michigan pensions cover missed bond payment for film studio

by Steve Stanek on February 6, 2012

Michigan’s public employees’ pension system is picking up the tab for a failed movie studio because of ill-fated guarantees designed to bring business to the Wolverine State.

Why insider trading bans are ill-defined and harmful to markets

by Steve Stanek on January 26, 2012

Federal prosecutors this month leveled insider trading charges against Level Global Investors LP co-founder Anthony Chiasson and other fund managers. But some economists question whether such activities should be considered crimes.

Financial Rules Prompt Banks to Raise Debit Card Fees, Drop Perks

by Steve Stanek on September 2, 2011

Financial services firm Wells Fargo has announced it will test a $3 monthly fee for debit card users in select states, the result of new “interchange” regulations for debit cards that go into effect October 1.

Debt Ceiling Up, Credit Rating Down, Committee Formed; Reaction Ripples

by Steve Stanek on August 24, 2011

Steve Stanek discusses the adjustment to the debt ceiling, the proposed spending super committee and the effects of the new ceiling on credit ratings and interest rates.

Bank Repos Could Top One Million, Putting More Pressure on Home Prices

by Steve Stanek on July 29, 2010

The number of home repossessions this year could top one million despite tens of billions of federal dollars that have been spent to keep people from losing their homes. That’s the report from RealtyTrac Inc., which publishes the nation’s largest database of foreclosure, auction, and bank-owned homes. RealtyTrac’s Midyear 2010 U.S. Foreclosure Market Report, issued [...]