TARP Watchdog Launches Audit of Bailout Contracts
The Treasury Department has spent more than $159 million paying financial companies and legal firms to help the government dole … more…
Logjam Continues for Loan Mods; Big Banks Fare Poorly, Data Show
The Treasury unveiled (PDF) new data last Friday showing the progress of its major foreclosure prevention program. Treasury … more…
Homeowners Say Banks Not Following Rules for Loan Modifications
Nathan Reynolds is something of an expert on the government’s foreclosure prevention program. A mortgage broker who’s worked in … more…
With Bank Money Returning, Bailout Burden Shifts Toward Housing
The year ended with three of the biggest bailout recipients – Bank of America, Wells Fargo and Citigroup – together returning more … more…
Loan Mod Program Delays Even Worse for Those Struggling Not to Fall Behind
Since last spring, when President Barack Obama announced his administration’s plan to prevent foreclosures, there’s been a crush … more…
Bailout Breakdown: Losses Likely to Be Larger Than Treasury Estimates
This week, the administration has been trumpeting the news that the $700 billion TARP is likely to ultimately cost much less than … more…
Interactive Chart Shows Breakdown of Slow-Moving Loan Mod Program
Only 31,382 homeowners have been put into permanent mortgage modifications, according to data released Thursday by the Treasury … more…
Gov’t Agency Helps Risky Lenders Keep Lending
This is one of our editors' picks from our ongoing roundup of Investigations Elsewhere.
There have been countless news stories dis … more…
Money Left Over, but the U.S. Debt May Swallow It
Today’s roundup of stimulus coverage:
On Monday, President Obama announced that the bank bailout cost about $200 billion less … more…
Bailout Balance Sheet (December 2009): Taxpayers’ Revenues Grow, but So Do Losses
Last month, we added a new category to our monthly update on bailout spending: how many billions of taxpayer dollars are lost … more…
AIG May Soon Lose Crown as Biggest Bailout Debtor
AIG is coming close to losing its crown as the biggest debtor in the bailout. The company announced today that it has completed … more…
Treasury Still Vague on Penalties for Loan Mod Laggards
The administration’s big mortgage modification program features $50 billion worth of carrots – but the stick part has been … more…
Regulators Seize Another Recipient of TARP ‘Healthy Bank’ Bailout
Regulators seized three banks yesterday, bringing the toll of failed banks for the year to 123. As always, we’ve updated our list … more…
Govt’s Attempt to Push Transparency for Mortgage Mods Falls Short
For months, housing advocates have complained that mortgage servicers are wrongfully denying homeowners’ applications for the … more…
Your Bailout Update (Nov. 2009): $400 Billion Outstanding
The TARP’s days of bailing out big banks will soon be over, the administration announced last month. But the TARP lives on and … more…
Taxpayers Lose $2.3 Billion with CIT Bankruptcy
CIT filed for bankruptcy protection on Sunday, and part of its plan to heal itself is wiping out the taxpayers’ $2.33 billion … more…
Freddie Mac, Given Oversight of Mortgage Mod Program, Falls Down on Job
Since its March launch, the government’s $50 billion program to prevent foreclosures has been marked by confusion, delays and … more…
Four Banks in Govt’s ‘Healthy Bank’ Bailout Struggle to Survive
The government has doled out billions to 687 banks over the past year through a program meant to bolster already “healthy” banks. … more…
Watchdog Report Throws Cold Water on Treasury Loan Mod Celebration
Every month, the Treasury Department gives an update on its $50 billion mortgage modification program. We’ve posted the latest … more…
Adding Up the Financial Rescue: Fall Edition
Putting a dollar amount on the financial rescue isn’t an easy task, as we’ve noted before. Those looking for an answer can find … more…
February 08, 2010
Testy Exchange With Goldman Helped Push AIG to Edge Gretchen Morgenson and Louise Story, New York Times, February 08, 2010
February 03, 2010
As Values Slide, More Homeowners Walk Away David Streitfeld, New York Times, February 03, 2010
AIG Plans to Pay $100 Million in Another Round of Bonuses Brady Dennis, Washington Post, February 03, 2010
February 01, 2010
The CFPA: How a Crusade to Protect Consumers Lost Steam Robert G. Kaiser, Washington Post, February 01, 2010
Risky Trading Wasn’t Just on the Fringe at AIG Mary Williams Walsh, New York Times, February 01, 2010
Financial Crisis Panel Members Aided Firms Involved in Bank Suits Matt Kelley, USA Today, February 01, 2010
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