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 "Bank of America":

"… le consumers nearly sank Merrill Lynch, which was forced to sell itself to Bank of America. WDB Funding is the third mortgage company Pollock has helped lead since r …"

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 "Benefits Review Board":

"… ity. The decision was affirmed two years later by the Labor Department’s Benefits Review Board. Durbin never returned to work. He and his wife, Susan, moved from Califo …"

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 "Chairman":

"… agency, the Office of Thrift Supervision, was eliminated. Federal Reserve Chairman Ben Bernanke is the only top regulator still on the job, though he is …"

"… U.S. through subsequent drops in the market over his 18-year tenure as Fed Chairman. As he steered the economy around the dot com bubble and through the terro …"

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 "Bear Stearns":

"… to return is Thomas Marano, who led the mortgage finance division at Bear Stearns and was on the board of its subsidiary, EMC Mortgage. He then took ov …"

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 "Congress":

"… ly prevented foreclosures — making “a mockery of a program designed by Congress and the Treasury Department to help millions of struggling American homeow …"

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 "General Electric Co.":

"… U.S. units of foreign banks UBS AG, Societe Generale and Dresdner Bank AG. General Electric Co., meanwhile, tapped a Fed program for some $16 billion in commercial paper, …"

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 "bank executives":

"… One of the central unanswered questions of the financial crisis is whether bank executives knew fraud was rampant within their mortgage loans.A Senate committee tomo …"

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 "AIG":

"… have grappled with the bonus issue for months. Last March, in the wake of AIG’s payout of about $150 million in bonuses, the U.S. House overwhelmingly …"

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 "House Financial Services Committee":

"… swallow up the regulation,” Gensler said in his package to Congress.At a House Financial Services Committee hearing today, Gensler was vocal about gaps in the  committee’s der …"

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 "Chris Dodd":

"… ix other presidential candidates are among the top ten for the 2008 cycle: Chris Dodd, Hillary Clinton, John McCain, Mitt Romney, Joseph Biden, and Rudy Giulian …"

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 "AIG":

"… has called for the SEC to suspend the rules, which he argues may have made AIG and Lehman Brothers look worse off than they were. Steve Forbes calls the …"

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 "Employment Cost Index":

"… Indicators, which are a big helping of alphabet soup:Consumer Price Index, Employment Cost Index, The Employment Situation (which includes the unemployment rate and payrol …"