Mass Deportation Is a Lose-Lose Proposition – Bloomberg

In its zeal to deport unauthorized immigrants, the U.S. risks turning itself into a quasi-police state — all for little or no benefit to the native-born. First of all, net illegal immigration to the U.S. ended a decade ago: But there are still about 11 million to 12 million unauthorized immigrants remaining in the U.S. […]

Failure Has a Name at Equifax. Al Franken Says It’s ‘Gus’ – Bloomberg

Gee thanks, Gus. Gus isn’t a real person, but it’s the pseudonym Senator Al Franken assigned to the Equifax Inc. employee who holds a lot of the blame for the theft of 145.5 million Americans’ personal data. Former Chief Executive Officer Richard Smith told Franken and other senators Wednesday that Equifax was breached largely because of […]

As a taxi lender seizes medallions, cabbies are caught in the carnage | Crain’s New York Business

Cab drivers and owners get caught in the headlights of a troubled taxi lender As Melrose Credit Union looks to seize assets instead of refinancing medallion loans, individual owners fear for their future Photo: Buck Ennis THE ROAD AHEAD Drivers such as Medina are 
weighing whether to stay 
 in the business. inheritedlink: /apps/pbcs.dll/article?AID=/20170709/SMALLBIZ/170709944&template=rwd& morning10: […]

The Car Was Repossessed, but the Debt Remains – The New York Times

close dealbook-branding close story-meta Photo Unable to recover the balance of loans by repossessing and reselling the cars of owners who default, some subprime lenders are aggressively suing the borrowers to collect what remains. Credit Spencer Platt/Getty Images More than a decade after Yvette Harris’s 1997 Mitsubishi was repossessed, she is still paying off her […]

Comey Releases Prepared Remarks: “I Hope You Can See Your Way To Letting This Go… I Need Loyalty” | Zero Hedge

Ahead of tomorrow’s much-anticipated testimony, former FBI Director James Comey has released his prepared remarks. Key highlights include: First Contact: I first met then-President-Elect Trump on Friday, January 6 in a conference room at Trump Tower in New York. I was there with other Intelligence Community (IC) leaders to brief him and his new national […]