Everybody knows the old maxim, “All politics is local.” Some people-executives of big global companies among them-don’t seem to realize that means all business is local, too. Surveying their globe-spanning domains from lofty office roosts, they tend to believe...
The press conference also announced the release of a new report by Anderson Consulting Group, entitled Economic and Fiscal Impact of LaSalle Bank Acquisition, which estimated that more than 10,500 Chicago jobs are expected to disappear in just two...
Barbara Rose August 23, 2007 The Chicago area will lose more than 10,500 jobs paying more than $780 million in wages over a two-year period after Bank of America completes its acquisition of LaSalle Bank Corp., according to a...
Francine Knowles August 23, 2007 Bank of America Corp.’s $21 billion acquisition of LaSalle Bank Corp. would result in the net loss of more than 10,500 jobs and more than $780 million in lost earnings in a two-year...
Amy Merrick Wall Street Journal Aug 21, 2007. pg. A.1 The Illinois legislature this month passed a law that goes to the heart of the global subprime lending mess that is rattling the housing industry and shaking financial markets...
fed_OP-1278_may2007_statementonsubprimelending.pdfComment letter submitted to the Federal Reserve recommending that, in addition to meaningful national predatory lending legislative, existing protections should cover loans originated by all lenders. It continues to state that the Board must use its rulemaking authority under...
Tom Feltner from Woodstock Institute, Al Hofeld from Edelman, Combs & Latturner, and Mary Donaghue from Northside Community Federal Credit Union, discuss regulatory, legal and education responses to the subprime lending crisis. Thom Clark, Executive Director of Community Media...
By Dennis Rodkin August 8, 2007 Chicago Magazine http://www.chicagomag.com/ The growing number of foreclosures has already wiped out several mortgage companies and many families’ financial footholds. Now some observers say it could turn back the clock...
American Banker August 3, 2007 To the Editor: As problems with the mortgage market continue to grow, it is becoming clear that the recent spike in defaults will not be limited to the riskiest loans ["Industry...
Credit Union Management August 2007 Community development credit unions can fill so many urgent needs, but perhaps none is as important to the financial lives of their potential members as providing affordable alternatives to predatory payday lenders....