Wachovia’s CEO Ken Thompson Get’s the Boot!

Another CEO Gone Give Wachovia’s board credit for honesty. The board fired Ken Thompson, who had been chief executive since 2001, and did not mince words in explaining why he was leaving. It is not clear what ... More... (Mortgage News)
Add a Comment , , June 2nd, 2008

Careers vanish after subprime ‘free fall’

Kent and Mysti Cope were well-paid executives at subprime lenders who never thought the industry could disappear overnight. Now they're just trying to get by. SAN CLEMENTE, Calif. (CNNMoney.com) -- Kent and Mysti Cope met and ... More... (Mortgage Jobs, Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , April 1st, 2008

Are we Headed for the Next Great Depression?

A huge pyramid of debt was made possible by thirty years of relentless deregulation of financial markets. For more than a decade, we Americans have been living on an economic San Andreas fault -- a foundation ... More... (Mortgage News)
Add a Comment , , March 31st, 2008

Goldman Sachs to cut up to 15% of staff: report

NEW YORK -- Goldman Sachs Group Inc. plans to shed up to 15% of its work force, from its capital markets division and related support staff, the New York Post said on Friday. Citing sources familiar ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , March 22nd, 2008