How Many Modifications Has Your Mortgage Servicer Started?
We’ve posted the data showing the number of trial modifications each mortgage servicer has started under the government’s … more…
Check Out Failed Banks List
The financial crisis has contributed to the failure of scores of banks this year. We’ve put together a handy chart of the fallen … more…
Treasury Launches Shame Offensive Against Mortgage Servicers
Today, the Treasury Department released data (PDF) showing how each of the mortgage servicers participating in the … more…
The Fannie and Freddie Black Hole
With the $700 billion TARP to focus on, it can be easy to forget about the massive taxpayer bailout of Fannie Mae and Freddie Mac. … more…
Bank That Got Bailout Help From Barney Frank Is Struggling
On Wednesday, we reported that 18 recipients of TARP funds were not paying dividends on the government’s investment. Among those … more…
Do Loan Servicers Profit From Not Modifying?
As we noted Monday, there’s been plenty of theorizing this week as to why the government’s foreclosure prevention program isn’t … more…
Some Banks in Govt’s ‘Healthy Bank’ Bailout Are Struggling
A growing number of small and midsize banks that received federal bailout money have stopped paying quarterly dividends to the … more…
TARP Adds Millions for Bank Bailouts, Billions for Loan Mods
The Treasury Department doled out another $87.7 million in bailout funds to four banks last Friday. The largest amount, $50 … more…
At Meeting, Servicers Agree to Boost Mortgage Mods
On Tuesday, administration officials met with representatives from the loan servicers participating in the federal mortgage … more…
Why Isn’t the Gov’t Mortgage Program Working?
Those readers who’ve followed our coverage of the administration’s mortgage modification program know that progress has been slow. … more…
Report: FDIC Bailout Will Save Banks $24 Billion
We keep you up to date on how many taxpayer billions have gone out to the nation’s banks (and insurance, credit card and auto … more…
Fed Unveils New Rules on Mortgage Lending
In the wake of a financial crisis fueled in part by unscrupulous mortgage lending, the Federal Reserve has announced rules to … more…
Wall Street on Pace to Pay Far Above 2008 Levels
The near collapse of the financial system and the massive government bailout were just bumps in the road for Wall Street, it turns … more…
Bailout: $92 Million Goes to Six Banks
Community banks continue to line up for TARP funds. Last Friday, six more community banks (see the list below) received a … more…
Bailed-Out Companies Spend Millions to Lobby Congress
We’ve had plenty of examples over the past nine months showing that the banking industry hasn’t stopped lobbying just because it’s … more…
Should AIG Be Keeping Terms of Deals Secret?
Last week we reported that while AIG has sold — or agreed to sell — a dozen subsidiaries as part of its efforts to repay the $85 … more…
TARP Watchdog Growls at Treasury over Lack of Transparency
Where has the TARP money gone? If you check out our bailout database, you’ll be able to see which companies have received … more…
How Banks Are Using Bailout Money
TARP funds were supposed to help banks increase lending, but many bailed-out banks used federal funds for other purposes says … more…
Treasury Department Considering More Aid to Struggling Homeowners
We’ve heard of rent-to-own, but some troubled homeowners might have to go the other way around. The Treasury Department is … more…
Shhhh… Secret Sanctions on Bank of America
Federal regulators placed Bank of America under a “secret regulatory sanction” ($) in early May, the Wall Street Journal reported … more…
March 12, 2010
AIG, Fed Czar Reach Deal on Rest of Bonus Pay to be Returned Brady Dennis and Tomoeh Murakami Tse, Wash. Post, March 12, 2010
March 03, 2010
GMAC Chief Gets $1.2 Million for 45 Days’ Work Bloomberg, March 03, 2010
February 26, 2010
Ex-NY Fed Head Made a Bundle Off AIG Bailout Greg Kaufmann, The Nation, February 26, 2010
Lawmakers Question GMAC Rescue Binyamin Appelbaum, Washington Post, February 26, 2010
February 24, 2010
Lehman’s Ghost Haunts California John Carreyrou, Wall Steet Journal ($), February 24, 2010
Banking Industry Sharply Reduced Lending in 2009 Binyamin Appelbaum, Washington Post, February 24, 2010
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