Reparations From Banks – NYTimes.com

After five years, the banks are starting to be held to account. Last week, JP Morgan: The government’s attempts to hold banks accountable for their mortgage practices may finally be paying off. On Friday, JPMorgan Chase agreed to pay $5.1 billion to the regulator of Fannie Mae and Freddie Mac …

Muni Bond legislation

As the Libor scandal unfolds, scrutiny turns to other bond markets, including the municipal bond industry’s price-setting institutions. The Municipal Market Data index (MMD) sets rates that “influence a much smaller market than Libor, but it is one that is crucial to how cities and states across America borrow money …