Earlier this month, a judge approved a settlement between five major banks and nearly all of the state attorneys general. The banks admitted to taking shortcuts — or "robo-signing" documents — as they pushed through some foreclosures.
Most of the $25 billion settlement is supposed to go toward reducing mortgage payments for some troubled homeowners. But lots of other programs have promised to help struggling homeowners in the past, and results have been disappointing.
Allegations that Wal-Mart officials in Mexico paid local authorities to speed up permits to build new stores could result in a trial and a huge financial penalty under a U.S. anti-corruption law. But legal experts who spoke to NPR have their doubts it will ever come to that.
Originally published on Wed April 25, 2012 1:17 pm
Federal Reserve Chairman Ben Bernanke said the Fed is ready to implement "balance sheet actions if necessary."
That means if the Federal Open Market Committee feels that the economic recovery is in danger, it is ready to implement a third round of quantitative easing, or bond purchases intended to bring down long-term interest rates and spur borrowing and spending.
"If appropriate... we remain entirely prepared to take additional action," the chairman said. "We will not hesitate to use them."
A group of women's rights activists are descending on Facebook's New York offices, today, to deliver what it says is an online petition from 53,000 people that demands Facebook add a woman to its board of directors before the company goes public.
In its petition, UltraViolet says that 58 percent of Facebook users are women, yet "despite the fact that women are responsible for most of Facebook's revenue and activity there currently is not a single woman on their board."
The Regional Transportation District Board of Governors voted Tuesday night not to ask for a .04% sales tax increase this November to fund FasTracks, effectively ending movement on a hybrid “rail/bus rapid transit” expansion of the system from Denver to Longmont.