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Oct 4, 2010

Racial predatory loans fueled US housing crisis-study

CHICAGO, Oct 4 (Reuters) – Predatory lending aimed at
racially segregated minority neighborhoods led to mass
foreclosures that fueled the U.S. housing crisis, according to
a new study published in the American Sociological Review.

Predatory lending typically refers to loans that carry
unreasonable fees, interest rates and payment requirements.

Sep 27, 2010

Exclusive: Virginia veteran report shows high depression rate

CHICAGO/WASHINGTON (Reuters) – More than one in four U.S. veterans of the Iraq and Afghan wars in the state of Virginia say they have suffered a service-related head injury and two thirds reported depression, according to a report by Virginia Tech to be released on Tuesday.

The real numbers may be much higher, according to Mary Beth Dunkenberger, senior program director at the Institute for Policy and Governance at Virginia Tech and author of the report.

Sep 9, 2010

The Tea Party goes to school

HANNIBAL, Missouri (Reuters) – Some Tea Partiers admit mistakes were made. Others are quick to describe the movement’s recent efforts in the political arena as not quite ready for prime time.

But the conservative upstart is determined to shed its amateur status. To that end, members are literally going to school. They are taking part in training sessions, some of which are underwritten by established conservative groups like American Majority, the Leadership Institute and Americans for Prosperity.

Sep 8, 2010

Special Report: The Tea Party goes to school

HANNIBAL, Missouri (Reuters) – Some Tea Partiers admit mistakes were made. Others are quick to describe the movement’s recent efforts in the political arena as not quite ready for prime time.

But the conservative upstart is determined to shed its amateur status. To that end, members are literally going to school. They are taking part in training sessions, some of which are underwritten by established conservative groups like American Majority, the Leadership Institute and Americans for Prosperity.

Aug 26, 2010

Blagojevich retrial likely to start early January

CHICAGO (Reuters) – The retrial of former Illinois Governor Rod Blagojevich on corruption charges will likely begin in the first week of January, U.S. District Judge James Zagel said on Thursday.

This month Blagojevich was found guilty of making false statements, but jurors were unable to reach a unanimous verdict on 23 other charges against him.

Aug 21, 2010

Regulators close Chicago’s ShoreBank

CHICAGO (Reuters) – Regulators on Friday seized notable Chicago-based community development bank ShoreBank after Wall Street backers failed to rescue the institution, and its deposits will be taken over by a newly chartered bank.

ShoreBank, a privately owned bank with a national reputation for its philanthropic activities, had received multi-million dollar investment commitments in recent months from Goldman Sachs, Citigroup, JPMorgan and Bank of America, as well as from General Electric.

Aug 21, 2010

Regulators close ShoreBank in Chicago

CHICAGO, Aug 20 (Reuters) – U.S. regulators on Friday
seized notable Chicago-based community development bank
ShoreBank after Wall Street backers failed to rescue the
institution, and its deposits will be taken over by a newly
chartered bank.

ShoreBank, a privately owned bank with a national
reputation for its philanthropic activities, had received
multi-million dollar investment commitments in recent months
from Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz), Citigroup (C.N: Quote, Profile, Research, Stock Buzz), JPMorgan (JPM.N: Quote, Profile, Research, Stock Buzz)
and Bank of America (BAC.N: Quote, Profile, Research, Stock Buzz), as well as from General Electric
(GE.N: Quote, Profile, Research, Stock Buzz).

Aug 20, 2010

Regulators close well-connected ShoreBank

CHICAGO (Reuters) – Regulators on Friday seized notable Chicago-based community development bank ShoreBank after Wall Street backers failed to rescue the institution, and its deposits will be taken over by a newly-chartered bank.

ShoreBank, a privately owned bank with a national reputation for its philanthropic activities, had received multi-million dollar investment commitments from Goldman Sachs, Citigroup, JPMorgan and Bank of America, as well as from General Electric.

Aug 20, 2010

Regulators close well-connected ShoreBank in Chicago

CHICAGO, Aug 20 (Reuters) – U.S. regulators on Friday
seized notable Chicago-based community development bank
ShoreBank after Wall Street backers failed to rescue the
institution, and its deposits will be taken over by a
newly-chartered bank.

ShoreBank, a privately owned bank with a national
reputation for its philanthropic activities, had received
multi-million dollar investment commitments from Goldman Sachs
(GS.N: Quote, Profile, Research, Stock Buzz), Citigroup (C.N: Quote, Profile, Research, Stock Buzz), JPMorgan (JPM.N: Quote, Profile, Research, Stock Buzz) and Bank of America
(BAC.N: Quote, Profile, Research, Stock Buzz), as well as from General Electric (GE.N: Quote, Profile, Research, Stock Buzz).

Aug 18, 2010

Analysis: Blagojevich retrial may hurt Democrats in mid-terms

CHICAGO (Reuters) – A retrial of Rod Blagojevich on corruption charges will keep the former Illinois governor in the headlines and may hurt Democrats ahead of U.S. midterm elections in November.

Blagojevich was convicted on Tuesday on one count of lying to the FBI but a federal jury in Chicago deadlocked on 23 corruption charges. U.S. attorney Patrick Fitzgerald immediately announced he would seek a retrial.

    • About Nick

      "Nick Carey is a Chicago-based, British-born journalist who has covered everything from the near-collapse of the Big Three automakers to the U.S. housing crisis. Nick is currently on general assignment, reporting on the human impact of the recession. He previously spent ten years working in central and eastern Europe."
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