A lawsuit over Bank of America's mortgage portfolio could cost the bank tens of billions more than it had planned, prompting critics to say the bank has not set aside enough for a settlement.
To advise him on tax policy, Senate Majority Leader Harry Reid hires from a corporation infamous for avoiding taxes, while a bank regulator and a Beltway consulting firm swap top officials.
How a tiny tax on financial transactions could raise revenue and help the capital markets.
Lawsuit suggests employees across Morgan Stanley understood the housing market was in trouble and exploited that knowledge to bet against securities and unload garbage investments on the unsuspecting. The bank denies wrongdoing.
The same critics who assailed Fannie Mae and Freddie Mac are now attacking the Federal Housing Administration. They were wrong then and they are wrong now.
Obama sweeps into his second term with real advantages, including stronger appointees and more senators on his side. But the problems run so deep that he is unlikely to solve them.
About The Trade
Recent Stories by Jesse Eisinger
- No, the Banks Aren’t Losing
- Red Cross Demands Corrections to Our ‘Misleading’ Coverage. Here’s Our Response
- The Trouble With Disclosure: It Doesn’t Work
- Rent to Own: Wall Street’s Latest Housing Trick
- Obama Stands At Crossroads On Financial Reform
- Senator Demands Answers on Red Cross’ Finances
- How Fear Of Occupy Wall Street Undermined the Red Cross’ Sandy Relief Effort