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New ‘foreclosure abuse’ agreement includes fines penalizing banks

(Reuters) – U.S. banking regulators are using the agreement announced on Thursday between large U.S. banks and state and federal agencies over foreclosure abuses as a vehicle for levying their own fines on banks for problems in their mortgage servicing businesses. In April 2011 banking regulators reached a deal with…

Fox can’t guard the henhouse if the fox is extinct

Bush wants science where it really belongs: in the hands of the federal government. The Bush administration wants federal agencies to decide for themselves whether highways, dams, mines and other construction projects might harm endangered animals and plants. New regulations, which don’t require the approval of Congress, would reduce the…