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By David A. Clarke Jr.
Blame Washington's intelligence failure, not lack of police
Topic - Bank Of New York Mellon
A New York judge on Friday approved most of the $8.5 billion Bank of America settlement over investor losses from mortgage-backed securities, concluding that trustee Bank of New York Mellon acted reasonably with one exception.
More problems for Boeing's 787 sent the aircraft maker's stock down sharply Wednesday, dragging the Dow Jones industrial average lower.
A Fairfax County judge this week dismissed a nearly $1 billion lawsuit filed last year by Virginia Attorney General Kenneth T. Cuccinelli II alleging the Bank of New York Mellon defrauded state and local pensions in Virginia of more than $40 million.
A judge has cleared the way for an Alabama county to move forward with the largest municipal bankruptcy in U.S. history, overruling Wall Street claims that state law didn't allow the county to file the case.
Earlier this week I received an email from a Washington Times reader asking, "With a number of companies set to report their full year 2011 results in the next few weeks and Europe back in the news, what are you watching out for in the marketplace?"
The state of Virginia is suing the Bank of New York Mellon, alleging that the company that oversees the commonwealth's retirement system skimmed money off the top of financial transactions it made on behalf of the state.