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The latest

Feds target large banks for mortgage damages

When large corporations have to make important announcements that may not cast them in the best of lights, they tend to issue a press release late on a Friday afternoon. That's when companies announce mass layoffs, plant closings, lawsuits and the like. The thinking behind the Friday afternoon shtick is that most people have checked out for the weekend and aren't paying attention, thereby minimizing the public relations impact of the negative news.

Sep 28, 2011