FROM Douglas McIntyre
Ousted as Bank of America Chair, Ken Lewis Still in Charge Bank of America CEO Ken Lewis has testified that he agreed to merge with Merrill Lynch to help save the financial system, even though he knew it would be bad for some shareholders. Yesterday, shareholders struck back by stripping him of his chairmanship of the board. Despite yesterday’s rebellion, Lewis is still President and CEO. Walter Massey, who replaced him as chair, says Lewis has the “unanimous support” of the Board. Doug McIntyre is co-editor of 247WallStreet.com.
Is a Wave of Foreclosures Heading Our Way? Fannie Mae , Freddie Mac and a lot of big mortgage banks have quietly ended their moratoriums on home foreclosures. The foreclosure listing firm Realty Trac reports today that the number of households threatened with losing their homes jumped 24% in the first three months of this year.
Is a Wave of Foreclosures Heading Our Way? Fannie Mae, Freddie Mack and a lot of big mortgage banks have quietly ended their moratoriums on home foreclosures. The foreclosure listing firm Realty Trac reports today that the number of households threatened with losing their homes jumped 24% in the first three months of this year.
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
The longest US war: Will Trump send more troops to Afghanistan? The Trump White House is divided over the Pentagon's request for more troops in Afghanistan—where the US has been fighting for the past 16 years. Is there a formula -- either for "victory" or a political settlement? Is there an end in sight for America's longest war?
Terrorism and tweets, hate speech and murder Just days before an election, Britain is coping with a rash of deadly terrorism, and Prime Minister Theresa May is on the defensive. And again today, President Trump has tweeted criticism of the Mayor of London. Later, a double murder in Portland, Oregon has revealed the ugly past of a supposedly “progressive” city. One immediate question: is “hate speech” protected by the First Amendment?