U.S. Secretary of the Treasury Tim Geithner Speaks

By Tim Geithner Two and a half years ago, with our country on the edge of a second Great Depression, we met with the president in the White House to discuss whether to move in those first months of his administration to legislate fundamental reform of the financial system—or wait until we had put the …

Saxon Mortgage parent Morgan Stanley gives 150 Pct raise

Saxon Mortgage parent Morgan Stanley has seen fit to give the company chairman a 150 percent pay raise. Meanwhile Saxon Mortgage can’t even endorse and return my insurance check in a timely manner. Here is why they think Mack is worth the money: NEW YORK, May 28 (Reuters) – Morgan Stanley (MS.N) Chairman John Mack, …

Morgan Stanley pays $7.5 million to avoid trial

Morgan Stanley, owner of Saxon Mortgage, and other Wall Street firms agreed to pay $100 million to settle a lawsuit accusing them of propping up American Business Financial Services Inc. A spokeswoman for Morgan Stanley, which agreed to pay $7.5 million, said the New York company wanted to “avoid a lengthy trial.” Morgan Stanley stopped …

Saxon in the news with targeting of minorities

This is a quote from an article about the American Dream. The complete article is referenced below: Susan Thompson, owner of a tidy home in Gary’s Glen Park neighborhood, went hunting for a home equity mortgage to pay off medical and credit card bills in 2006. The Times analysis shows that Thompson’s heavily minority, middle-class …