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 "Bank of America":

"… ing to a civil complaint filed last year by the Justice Department against Bank of America, which purchased Countrywide in 2008. Kurland and other Countrywide alumn …"

"… an, she says, from roughly $400 per month to more than $800. By that time, Bank of America had bought Countrywide. Fore asked Bank of America to change the loan term …"

"… han $800. By that time, Bank of America had bought Countrywide. Fore asked Bank of America to change the loan terms until her husband’s workers’ compensation set …"

"… reclosure sale reversed so that she and George can remain in the house. A Bank of America spokeswoman said the bank does not comment on open litigation. The company …"

Ex-Wall Street chieftains living large in post-meltdown world

By Alison Fitzgerald

CEOs of banks that fueled the subprime crisis that led to the economic meltdown largely avoid consequences.

Excerpts from this story referencing "Bank of America":

"… Stanley O’Neal (Merrill Lynch), Chuck Prince (Citigroup) and Ken Lewis (Bank of America) are also living in quiet luxury. Meltdown primer A quick crisis refresh …"

"… e wanted to buy. As the losses mounted, O’Neal made overtures, first to Bank of America, then to Wachovia, about buying Merrill Lynch — without the approval of …"

"… by John Thain, a former CEO of the New York Stock Exchange, who convinced Bank of America to buy Merrill Lynch for $50 billion just as Lehman was imploding and taki …"

"… 8 bloodbath and even came out looking like a hero to some when he arranged Bank of America’s hasty purchase of Merrill Lynch — O’Neal’s former employer — f …"

Yellen as Fed chair would be tougher on banks

By Alison Fitzgerald

Janet Yellen, President Obama’s intended nominee for Federal reserve chief, may prove to be tougher on banks.

Excerpts from this story referencing "Nevada":

"… nk of San Francisco  when the housing boom, especially in California, Nevada and Arizona, was in full swing. In that role, she had oversight of bank ho …"

Bailed-out banks, Freddie Mac, AIG gave $6 million to 2008 conventions

By John Dunbar and Michael Beckel

Corporate donors to 2008 party conventions included financial institutions bailed out by government.

Excerpts from this story referencing "Bank of America":

"… oldman Sachs and Citigroup; $150,000 from Morgan Stanley and $100,000 from Bank of America.Most of the banks and other institutions that made contributions to the co …"

Wisconsin Gov. Walker’s conservative media appearances pay off as he raises millions from out-of-state donors

By Kate Golden and Amy Karon

Wisconsin Gov. Scott Walker's national conservative media appearances have helped him to raise millions from out-of-state donors

Excerpts from this story referencing "reporter":

"… Flaherty, who runs a Madison public relations firm and is a former Capitol reporter for the Wisconsin State Journal.“Most folks don't listen to these people …"

"… ser,” read a Milwaukee Journal Sentinel headline in January 2012 after a reporter was denied an interview. Walker was fundraising at the time for his recall …"

"… r seemed to single out his paper for rejection. Fanlund said Werwie told a reporter that “he personally didn’t like our editorial about his role in the Jo …"

Walker’s official work time declines as national fame grows

By Kate Golden and Amy Karon

Wisconsin governor's official work time declines as national fame grows.

Excerpts from this story referencing "American International Group":

"… er in New York hosted by Maurice Greenberg, founder of the insurance giant American International Group.“The governor is a public servant,” said Dean Pagani, who covers guber …"

TARP helped stabilize financial institutions, but future success questioned

By Laurel Adams

The government’s Troubled Asset Relief Program, established to stabilize weak financial institutions, faces challenges in getting repayments

Excerpts from this story referencing "U.S. Treasury":

"… ort.President Bush started TARP in the 2008 financial crisis, allowing the U.S. Treasury to purchase or guarantee troubled assets held by financial institutions in …"

The end of Lehman, part 3

By Ben Hallman

In Parts 1 and 2 of this series, Michael Hudson wrote about how Lehman was a leader in turning what had been a backwater market for subprime

Excerpts from this story referencing "American International Group":

"… epo agreements as sales, Citigroup said it misclassified $9.2 billion, and American International Group said it misclassified $2.3 billion. Ultimately, the bankruptcy examiner o …"

Will financial reform melt the ICE Trust monopoly?

Wall Street has taken its share of licks in the past three years, but the big banks haven’t forgotten how to hedge their bets. ...

Excerpts from this story referencing "American International Group":

"… raded by parties with no control over the underlying debt. Insurance giant American International Group’s exposure to the CDS market brought the company to its knees, leading t …"

Even with U.S. oversight, AIG keeps secrets

By Ben Protess

Government overseers, all from Wall Street, resist disclosure

Excerpts from this story referencing "American International Group":

"… 0 to Democratic candidates, including Barack Obama. …"

Why Fannie and Freddie continue to cost taxpayers billions

By Ben Protess

Treasury secretary to testify Tuesday on mortgage giants, Fannie Mae and Freddi Mac

Excerpts from this story referencing "American International Group":

"… tabs for rescuing the big banks, the automakers or even insurance behemoth American International Group (AIG).“These calls on taxpayer funds are troubling to all of us,” Edwa …"

What's still hidden in AIG's files?

By Ben Protess

Company trustees, lawmakers resist calls for more disclosure

Excerpts from this story referencing "New York":

"… eform, released e-mails showing that the Federal Reserve Bank of New York, AIG’s regulator, kept details of these payouts secret while now-Treasur …"

"… secret while now-Treasury Secretary Timothy Geithner was in charge of the New York Fed. The Financial Crisis Inquiry Commissionscrutinized the payouts—spec …"

"… d Towns (D-N.Y.), chairman of the oversight committee, subpoenaed the New York Fed this week for all documents related to the payouts, including Gei …"

"… swaps, is a “black box, the epicenter” of the financial crisis, former New York Governor Eliot Spitzer said in an interview. Given that taxpayers own near …"

The roots of the financial crisis: Who is to blame?

By John Dunbar and David Donald

Banks that financed subprime industry collecting billions in bailouts

Excerpts from this story referencing "American International Group":

"… lending abuses. Four of those have received bank bailout funds, including American International Group Inc. and Citigroup Inc. The Center also conducted a computer analysis of …"

"… anking regulators after big losses on their portfolios of subprime loans. American International Group (AIG), better known for insurance and complex trades in financial derivati …"

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 "American International Group":

"… i, Rudolph W. (R-NY) — $13,200Source: Center for Responsive Politics. …"

The climate change lobby explosion

By Marianne Lavelle

Will thousands of lobbyists imperil action on global warming?

Excerpts from this story referencing "CSX":

"… include coal-heavy power giant Southern Company, the coal-hauler railroad CSX, and a utility coalition called the Electric Reliability Coordinating Coun …"

More corporations pay less in taxes

By The Center for Public Integrity

Corporate tax payments accounted for 23 percent of all federal tax revenue in 1960. By 2007 that figure had dropped to just 14 percent

Excerpts from this story referencing "American International Group":

"… cial giants turning to U.S. taxpayers for costly bailouts — for example, American International Group, which recently received up to $123 billion in Treasury assistance — had …"

Oversight fails to keep pace with a changed market

By The Center for Public Integrity

Risky trades expand quickly with no oversight from SEC

Excerpts from this story referencing "Commodity Futures Trading Commission":

"… including a plea from the head of the SEC's sister regulatory agency, the Commodity Futures Trading Commission — the government continued to neglect scrutiny of such markets. The resu …"

"… red into an information-sharing agreement with the Federal Reserve and the Commodity Futures Trading Commission to promote regulation of credit-default swaps. Meanwhile earlier this fall …"

The party's parties

By Meredith O'Brien

WASHINGTON, July 8, 2004 — At this year's Democratic national convention in Boston, special interests are planning and paying for a reported

Excerpts from this story referencing "America":

"… ntion. The remaining parties have as sponsors the likes of insurance giant American International Group, biotech firm Genzyme, telecommunications firms Time …"

"… and the International Brotherhood of Carpenters, and trade groups like the American Gas Association and the National Association of Broadcasters.Corporations …"

"… nity that we want to let slide by,” Daphne Magnuson, spokeswoman for the American Gas Association (AGA) told The Boston Globe, adding that the group has bu …"

"… Affleck, Oscar winner Chris Cooper, actor William Baldwin and actress/Air America talk show host Janeane Garofalo to attend a fundraiser for the non-profit …"

The Bush 100

By Derrick Wetherell

WASHINGTON, January 14, 2002 — The average net worth of the individual members of the Bush cabinet, including the President and Vice Preside

Excerpts from this story referencing "Securities and Exchange Commission":

"… or conflicts of interest.Harvey Pitt, who was confirmed as Chairman of the Securities and Exchange Commission in August 2001, would normally be expected to oversee what is the biggest …"

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 "Iraq":

"… s. Terry Dean Ratliff left his home in Arizona in 2009 to drive a truck in Iraq for Service Employees International Inc. (SEII). He did it for the money …"

Wall Street favorite Rep. Garrett flirts with default

By Alison Fitzgerald

Will investment firms that deal in U.S. Treasury securities regret their support of GOP congressmen who are flirting with default?

Excerpts from this story referencing "Congress":

"… SBC, all of which are primary dealers. Garrett isn’t the only member of Congress who appears none too concerned about the prospect of defaulting on the nat …"

"… would pay interest on Treasury securities before making other payments if Congress failed to pass an increase in the limit. Lew refused. President Barack Ob …"

"… crease in the limit. Lew refused. President Barack Obama has said that if Congress doesn’t pass a law to boost the amount the government is allowed to borr …"

"… Ted Cruz, R-Texas, who last month staged a fake filibuster to try to stop Congress from implementing a budget that includes money to pay for Obamacare, benef …"

Behind the story: how the Center revisited financial meltdown reporting

By Jackie Hryncewich

Senior Finance Reporter Alison Fitzgerald offers an insider's perspective on our "After the Meltdown" investigation.

OPINION: Health insurance 'producers' about to be on life support

By Wendell Potter

Health insurance 'producers' help raise the cost of insurance plans

ANALYSIS: Shareholders raising ruckus about CEO pay

By Wendell Potter

Big pay raises and parting bonuses increasingly raising ire of shareholders.

FACT CHECK: Santorum-boosting PAC slams Romney, Obama

By FactCheck.Org

Red, White and Blue PAC launches misleading TV ads in Illinois and Louisiana attacking Romney and Obama on debt, taxes and oil

Excerpts from this story referencing "U.S. Treasury":

"… . “CBO’s Estimate of the Cost of the TARP: $34 Billion.” 16 Dec 2011.U.S. Treasury. Daily TARP Update. 09 Mar 1012.PBS. “The true cost of the bank bai …"

ANALYSIS: Lack of leadership at the top of corporate ladder

By Wendell Potter

Misplaced values among health inusurers and investment banks.

Energy-backed firms award bonuses, file bankruptcy

By Ronnie Greene and Matthew Mosk

The DOE financed green energy companies that later fell into bankruptcy — but not before the firms awarded big executive bonuses

FACT CHECK: Crossroads GPS twists facts in Senate ads

By FactCheck.Org

Conservative group makes leaping statements in two ads attacking politicians

Excerpts from this story referencing "Eugene Kiely":

"… sonally from some kind of corrupt payoff, and that’s not the case.– by Eugene Kiely and Lori RobertsonSourcesFarley, Robert. “The Fall TV Season’s Senate …"

As they lobby for a tax holiday, some big multinational players say they've got plenty of cash on hand

By John Aloysius Farrell and Aaron Mehta

Big corporations seeking tax holiday are sitting on billions in U.S.