December 23, 2011
NY Times The Justice Department on Wednesday announced the largest residential fair-lending settlement in history, saying that Bank of America had agreed to pay $335 million to settle allegations that its Countrywide Financial unit discriminated against black and Hispanic borrowers during the housing boom. A department investigation concluded that Countrywide loan officers and brokers charged [...]
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December 21, 2011
Let's do a thought experiment, shall we? Let's say that McDonald's comes out with a 'new and improved' Big Mac. The Big Mac sandwich has been around for quite awhile now and despite it's continued popularity, McDonald's decides to "save" the iconic sandwich by reforming, remodeling the classic, 39 grams-of-fat, double hamburger. In my hypothetical, [...]
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