Bailed Out Banks and Their Billions in Special Bonuses
With the noises from Congress growing louder, Wall Street says it’s getting the message. Top executives are "in discussions to possib … more…
Experts: Bailout Money for Bank Mergers Not All Bad
Congressional Democrats and now the White House are begging banks to lend out the bailout money they’ve received instead of using it … more…
Small Banks Complain About Big Bailout
The American Bankers Association wants the Treasury Department to clear something up: Just because the government is doling out mone … more…
Dems Warn Banks: Lend Bailout Money—or Else
We’ve been pointing out for the past week that the government’s bailout money to banks doesn’t actually require the banks to lend out … more…
Banks to Use Bailout Bucks for Mergers
The Treasury Department’s capital injection program is well underway, with more than $150 billion total now promised to around 30 ban … more…
Greenspan Says ‘I Still Don’t Fully Understand’ What Happened
Former Fed Chairman Alan Greenspan has been identified as a prime culprit in creating the conditions for the financial crisis, in par … more…
How Will Treasury Pick the Banks to Save? Just Trust Them
Editor's Note: Thanks to Adam Davidson and the folks at NPR’s Planet Money for working with us on the story.
Over the coming months, … more…
The Next Wave of Foreclosures
As financial markets stagger from one low to the next, it's easy to forget that the subprime mortgage debacle -- which has been blame … more…
What Letter Was McCain Referring to?
Oct. 10: This post has been updated.
Both John McCain and Barack Obama took turns during the second presidential debate on Tuesday … more…
This Week in Scandals
Every week, we take stock of how the week unfolded for the stories we're tracking in Scandal Watch (see the right sidebar). Click he … more…
Bernanke: Gov’t Will Buy Assets Above ‘Fire Sale’ Market Value
As we noted this morning, a big question mark remains on the administration's bailout proposal: how much the government will pay for … more…
Gov’t Bailout: Puzzling Out the Price
In Washington, D.C., the battle is joined. Congress has responded to the Treasury Department's two-page bailout proposal with a slew … more…
Lobbyists Successful in Early Changes to Bailout Bill
With Congress set to consider the administration's proposed bailout bill in the coming days, calls to add oversight checks are coming … more…
McCain’s Record Contrasts With Promises of ‘Reforming’ Wall St.
With the market swooning yesterday, Sens. McCain and Obama promised to shake things up. McCain pledged to "put an end to running Wall … more…
As Lehman Bros. Slides, Questions About Fed Intervention
The federal government has already made two major interventions in the subprime crisis. And as Lehman Brothers' shares have continued … more…
After Client Complaints, Accused Brokers Found Work on Wall Street
After clients of Credit Suisse brokers Eric Butler and Julian Tzolov complained that the two brokers had lied to them about where th … more…
DoJ: Credit Suisse Brokers Lied About Subprime Securities
Here's another tale from the subprime meltdown. You may have heard about the so-called liar loans given to borrowers. Here's an examp … more…
In Florida, Agency Gave Mortgage Licenses to Thousands of Ex-Cons
As we detailed yesterday, the Justice Department is pursuing a wide array of prosecutions and investigations in response to the subpr … more…
Justice Dept. Spreads Wide Net With Mortgage-Related Prosecutions
Nearly everyone agrees that something went very wrong with the mortgage industry. Mortgage lenders made extremely risky loans. Wall S … more…
Ethics Committee Examining Countrywide Loans to Senators
There are a couple of noteworthy updates to our post yesterday on the Countrywide V.I.P. or "Friends of Angelo" mortgage loans to Sen … more…
November 16, 2009
Home Builders (You Heard That Right) Get a Gift Gretchen Morgenson, New York Times, November 16, 2009
November 02, 2009
How Goldman Secretly Bet on the U.S. Housing Crash Greg Gordon, McClatchy, November 02, 2009
September 28, 2009
Fed Held Back as Evidence Mounted on Subprime Loan Abuses Binyamin Appelbaum, Washington Post, September 28, 2009
August 06, 2009
Gov’t Mortgage Partners Sued for Abuses Daniel Wagner, AP, August 06, 2009
PIMCO’s New Bailout Hat Raises Conflict Concerns Michael Smallberg, POGO, August 06, 2009
BofA Execs Stayed Mum on Swelling Merrill Losses Dan Fitzpatrick, Wall Street Journal ($), August 06, 2009
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