Ambac Sues BofA For Fraudulent Inducement Over Countrywide Bonds

By Jesse Russell Update 3 p.m.: A call to M&I’s Capitol Square branch confirms the bank is closed for the rest of the day. When

By Ambrose Evans-Pritchard China has succumbed to hubris. It has mistaken the soft diplomacy of Barack Obama for weakness, mistaken the US credit crisis for

by John Rubino

By Yves Smith I get on an airplane, and there are more dramatic developments by the time I land. Even though the headline item is

Reports: Freddie Mac official found dead Wednesday April 22, 2009 WASHINGTON (AP) — David Kellermann, the acting chief financial officer of Freddie Mac, was found