Rockland Must Move on After Bailout Fails in Senate Rockland County’s proposal to the New York State Senate for a debt bill allowing them to borrow up to $80 million failed on Thursday, June 21. The State Assembly approved the legislation but the proposal required approval from both houses in order to move up to Governor […]
BY SARA GILBERT Ever since JPMorgan Chase’s announcement on Thursday, May 10 that it lost several billions of dollars on derivatives, there has been concern about what that might mean for the rest of us: for stockholders, for taxpayers, for the economy and for the government. Local asset managers have found themselves faced with questions […]
BY MICHAEL CAHILL CORRECTION In the previous posting of this article, it was written that Marge Hook resigned from volunteering at the shelter in 2003. This information is incorrect. Marge Hook resigned in 2010 after having been a volunteer since 1990. Several county legislators announced last week that they are sponsoring a resolution that would […]
Is it too little too late? During his State of the Union address Tuesday night, President Obama announced the creation of a special unit to investigate misconduct and illegalities that contributed to both the financial collapse and the mortgage crisis. The office, part of a new Unit on Mortgage Origination and Securitization Abuses, will be […]