Wells Fargo & Co will pay a net $541 million to Fannie Mae to settle claims over defective home loans, completing the government-controlled mortgage company's efforts to have banks buy back troubled loans made before the financial crisis.
Fannie Mae said on Monday it has reached settlements worth roughly $6.5 billion over loan buybacks with eight banks, including Wells Fargo, the nation's largest mortgage lender and fourth-largest bank by assets.
Wells Fargo agrees to $541 million loan settlement
A half million U.S. surgeries on knee cartilage may be unnecessary
Finnish researchers found repairing meniscal cartilage in the knee is no more effective than a placebo and about 500,000 U.S. surgeries may be unnecessary.
Adjunct Professor Teppo Jarvinen of the University of Helsinki and the Helsinki University Central Hospital and Raine Sihvonen of Hatanpaa Hospital in Tampere said the most common diagnosis of the knee that requires treatment is a tear in the meniscus -- the shock-absorbing cartilage of the knee. Most of the treated meniscal tears are degenerative -- caused by aging, not trauma.
Mass. AG: Countrywide to pay $17.3M in settlement
The Massachusetts state employees' pension fund will receive more than $11 million as part of a settlement with Countrywide Securities Corp., state Attorney General Martha Coakley said Monday.
The settlement was announced as part of Coakley's industry-wide review of residential mortgage securitization practices in Massachusetts.
The total settlement with Countrywide is $17.3 million. It includes a $6 million payment to the state.
I worked on the US drone program. The public should know what really goes on
Whenever I read comments by politicians defending the Unmanned Aerial Vehicle Predator and Reaper program – aka drones – I wish I could ask them some questions. I'd start with: "How many women and children have you seen incinerated by a Hellfire missile?" And: "How many men have you seen crawl across a field, trying to make it to the nearest compound for help while bleeding out from severed legs?"
Or even more pointedly: "How many soldiers have you seen die on the side of a road in Afghanistan because our ever-so-accurate UAVs [unmanned aerial vehicle] were unable to detect an IED [improvised explosive device] that awaited their convoy?"
Few of these politicians who so brazenly proclaim the benefits of drones have a real clue of what actually goes on. I, on the other hand, have seen these awful sights first hand.
Alex Baer: Santa, Fox News, and the Pope Walk Into a Bar...
Time, like year-end commentaries, are convenient constructions to help us make sense of our lives. In the great scheme of things -- or, in The Great Scheme of Things, as you prefer -- both make little difference. It's not that they don't matter; they do. Both require great patience to endure, and both direct our wooly thoughts here and there, willy-nilly.
Distractions explode, pop, and stutter in the mind. This is especially true if, like me, your concentration and mental discipline are not what they once were. Digesting a few recent tidbits in the news has proven tougher on my stomach than freeze-dried ostrich or owl jerky.
For example: In the last week, via media reports, I've bumped into various aspects of God, Santa Claus, Fox News, Albert Einstein, and Pope Francis. In a move displaying little to no apparent evolutionary advantage, my mind insists on turning these random exposures into patterns -- in this case, jokes of the sort which always begin with a long, convoluted list of people and animals all walking into a bar...
Glenn Greenwald: US, British media are servants of security apparatus
Journalist Glenn Greenwald condemned the mainstream media during an address at a German computer conference on Friday and accused his colleagues of failing to challenge erroneous remarks routinely made by government officials around the globe.
Thousands of attendees at the thirtieth annual Chaos Communication Congress in Hamburg packed into a room to watch the 46-year-old lawyer-turned-columnist present a keynote address delivered less than seven months after he started working with former National Security Agency contractor Edward Snowden.
Target confirms encrypted PIN data stolen
Hackers who stole data for up to 40 million credit cards and debit cards used in Target stores removed encrypted data containing personal identification numbers — but the theft isn't expected to compromise cardholder accounts — the company said Friday.
"We remain confident that PIN numbers are safe and secure," said a statement issued Friday by Target spokeswoman Molly Snyder.
According to the company, Target does not have access to or store the encryption key within the company's computer systems. When a Target customer uses a debit card in one of the company's stores and enters his or her PIN, the number is encrypted at the keypad with a widely used security program known as Triple DES, the company said.
Judge rules NSA phone surveillance program is legal
A federal judge in New York ruled Friday that the massive collection of telephone records by the National Security Agency is lawful.
But last week another judge found that the NSA’s program was likely unconstitutional, making it more likely that the Supreme Court will make its own ruling.
In a statement, the ACLU, which brought the lawsuit after former NSA leaker Edward Snowden brought the program to light, said it would appeal the case.
Psychologist found accused Sept. 11 plotter to be mentally incompetent in 2009
A psychologist who examined one of the defendants on trial at Guantanamo Bay, Cuba, in connection with the terrorist attacks of Sept. 11, 2001, concluded that the high-value detainee was mentally incompetent, raising questions about his fitness to stand trial, according to individuals familiar with the finding.
For three days in January 2009, Xavier Amador, a professor at Columbia University, interviewed Ramzi Binalshibh, an al-Qaeda operative and protege of alleged Sept. 11 co-conspirator Khalid Sheik Mohammed. He determined that Binalshibh didn’t understand the proceedings against him and suffered from delusions, said one of the individuals who has reviewed the case.
Page 307 of 1158


































