Former subprime executive making risky loans again

By Daniel Wagner

Andy Pollock, who led First Franklin's bad loan factory, is pushing interest-only loans at new firm.

Excerpts from this story referencing "AIG":

"… among the highest foreclosure rates in hard-hit cities. Lawsuits filed by AIG and others quoted former First Franklin underwriters calling its loan prac …"

Rising caseload, fewer Labor Department judges triggers painful mix for suffering laborers

By Jim Morris

A federal worker compensation program once viewed as a model now suffers rising caseloads — but fewer judges, triggering frustration.

Excerpts from this story referencing "head":

"… exposure to potential health hazards from airborne contaminants.” Rios, head of the Longshore program, said he could not comment on any individual case …"

Ex-SEC chief now helps companies navigate post-meltdown reforms

By Lauren Kyger, Alison Fitzgerald and John Dunbar

Former regulators profit from their experience with jobs, book deals and speaking fees.

Excerpts from this story referencing "Verizon":

"… iated by the CFPB.” The consulting firm has advised big names including Verizon, American Airlines, Intel, Toyota, Deutsche Bank, and others. Cox says he …"

Subprime lending execs back in business five years after crash

By Daniel Wagner

Executives from all of the top 25 subprime lending firms are working in the mortgage business five years later.

Excerpts from this story referencing "Merrill Lynch":

"… lender whose risky loans to vulnerable consumers hastened the downfall of Merrill Lynch after the Wall Street investment bank bought it in 2006 for $1.3 bill …"

New whistleblower cases allege continued bank fraud

By Amy Biegelsen and Emma Schwartz

Mortgage modifications and appraisal processes in question

Excerpts from this story referencing "AIG":

"… nt after alerting top management that the homeowner was an underwriter for AIG and presented an elevated risk of litigation.Another whistleblower case fi …"

Reform reading: Fed reveals details about $3 trillion in emergency loans

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "reform law":

"… ms and systemic risk to the U.S. financial system.The Dodd-Frank financial reform law gave the Office of Financial Research considerable power to collect data a …"

"… " about the bureau’s unusual funding mechanism. The Dodd-Frank financial reform law requires the Fed to bankroll the bureau based on the equivalent of 10 perc …"

Recommended reading: No prosecutions, no extra budget, so why not start a hedge fund?

By Julie Vorman

A roundup of recent news articles to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law ...

Excerpts from this story referencing "AIG":

"… behind bars for their role in the mayhem at Lehman Brothers, Bear Stearns, AIG, or Fannie Mae.The New York Times’ White Collar Watch suggests one reaso …"

WaMu bank executives aware of rampant fraud

By David Heath

WaMu bank executives aware of rampant fraud but failed to act

Excerpts from this story referencing "AIG":

"… ge had among the worst default rates on loans in the industry, so bad that AIG at one point refused to insure their mortgage-backed securities. In 2003, …"

WaMu bank executives aware of rampant fraud

By David Heath

WaMu executives knew of fraud yet they failed to act, Senate investigation finds

Excerpts from this story referencing "AIG":

"… ge had among the worst default rates on loans in the industry, so bad that AIG at one point refused to insure their mortgage-backed securities. In 2003, …"

Another Wall Street bonus tax falters in Congress

By Ben Protess

Bill faces industry opposition and skepticism from New York senators

Excerpts from this story referencing "Senate":

"… uld be shared with the taxpayers who made it possible,” Webb said on the Senate floor. Webb and Boxer want the bonus tax attached as an amendment to a ro …"

"… ll imposing a 90 percent tax on bonuses awarded by bailout recipients. The Senate never passed a comparable bill. This year, Sen. Sherrod Brown (D-Ohio) pr …"

"… reports will reap more than $3 billion for the government. Last week, the Senate’s number two Democrat, Richard Durbin of Illinois, signed on as a co-spo …"

"… in of Illinois, signed on as a co-sponsor to Webb and Boxer’s bonus tax. Senate Majority leader Harry Reid expressed support for the plan as well. Webb a …"

Top derivatives regulator: 'We haven’t filled the gaps'

By Ben Protess and Lagan Sebert

Top commodities regulator says U.S. financial system still 'vulnerable'

Excerpts from this story referencing "AIG":

"… acked securities, drove the financial tailspin of the insurance giant AIG.Since last year’s calamity, the nation’s five largest commercial banks …"

No. 18 of The Subprime 25: American General Finance Inc./American International Group Inc. (AIG)

Total high-interest loans 2005-2007: At least $21.8 billion

Excerpts from this story referencing "AIG":

"… Federal bailout money received: The government has thus far approved for AIG about $187 billion in various forms of federal loans, guarantees, and dire …"

"… oans for more than 80 years. In August 2001, American International Group (AIG) acquired the company. AIG is known as an insurance company and dealer in …"

"… . In August 2001, American International Group (AIG) acquired the company. AIG is known as an insurance company and dealer in complex credit derivatives, …"

"… , American General Finance has been owned by American International Group (AIG). In addition, Wilmington Finance Inc. and MorEquity were both subprime le …"

Obama top recipient of AIG's hefty campaign contributions

By Kat Aaron

The American International Group, more commonly known as AIG, has become the poster child for the financial bailout. The company has receive

Excerpts from this story referencing "AIG":

"… sponsive Politics. …"

"… loyees — many of whom worked in the insurance giant’s financial arm.As AIG CEO Edward Liddy told a House Financial Services subcommittee earlier this …"

"… payment of large bonuses to people in the very unit that caused so much of AIG’s financial trouble does not sit well with the American taxpayer, and fo …"

"… tors and the public learned that $58 billion of the bailout money given to AIG was handed over to foreign banks, as payment on the credit default swaps c …"

Carbon as a commodity

By Marianne Lavelle

Can a $2 trillion 'cap and trade' market fight climate change?

Excerpts from this story referencing "AIG":

"… eet banks like Goldman Sachs and JP Morgan Chase, insurance companies like AIG and private equity firms had virtually no reps on Capitol Hill working on …"

Counting on a new accounting

By Marianne Lavelle

It has to be one of the more obscure subjects ever addressed in a news release from a major presidential campaign. John McCain — who two wee

Excerpts from this story referencing "Walter P. Schuetze":

"… ns in this election cycle, according to the Center for Responsive Politics.Walter P. Schuetze, chief accountant of the SEC in the 1990s, who is now retired, remembers t …"

Defining the "fundamentals of the American economy"

By Kat Aaron

On September 15 — the day Lehman Brothers filed for bankruptcy protection, Merrill Lynch was purchased by Bank of America, and AIG faltered

Excerpts from this story referencing "Merrill Lynch":

"… September 15 — the day Lehman Brothers filed for bankruptcy protection, Merrill Lynch was purchased by Bank of America, and AIG faltered — John McCain said in …"