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 "Center for Public Integrity":

"… ht to avoid a shutdown of the global economy. To mark the anniversary, the Center for Public Integrity is publishing a three-part series on what has happened since the meltdown. …"

"… since the crisis. Some experts fear they won’t know where to stop. The Center for Public Integrity in 2009 identified the top 25 lenders by subprime loan production from 200 …"

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 "hedge fund manager":

"… ncial Times in July 2007. Prince was succeeded by Vikram Pandit, a former hedge fund manager whose firm was acquired by Citi just months earlier for $800 million. Whil …"

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 "Angelo Mozilo":

"… ngent San Francisco was under the circumstances. Countrywide Financial CEO Angelo Mozilo in late 2007 converted his company from a bank holding company to a thrift …"

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 "Richard Nixon":

"… d bring it to San Diego. Eight days later, the administration of President Richard Nixon dropped antitrust litigation against IT&T and offered a settlement tha …"

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 "American International Group":

"… side Maurice “Hank” Greenberg, the founder of financial services giant American International Group.Liberal-leaning media, such as Madison’s The Capital Times newspaper and …"

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 "Wisconsin":

"… inions of UW-Madison or its affiliates. …"

"… uch of it from groups outside the state.On Jan. 28, 2011, two weeks before Wisconsin Gov. Scott Walker unveiled his plan to slash public employee unions’ pow …"

"… .To analyze how Walker has used his time as the state’s chief executive, Wisconsin Center for Investigative Journalism reporters created a database of the mo …"

"… ompanies.The public can explore every entry in Walker’s calendars on the Wisconsin Center's site here.The calendars chronicle the life of a seemingly tireles …"

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 "American International Group":

"… ve programs, like preserving homeownership and providing assistance to the American International Group (AIG), require ongoing attention.Without a plan to address workforce issue …"

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 "Repo 105":

"… t a preschool, the investment bank used a dodgy accounting maneuver called Repo 105 to hide as much as $50 billion from its balance sheet in an attempt to loo …"

"… d than it actually was. According to a recent Wall Street Journal report, Repo 105 is now at the center of the Securities and Exchange Commission’s investi …"

"… about the investigation. They shared new details about their discovery of Repo 105 and what it might mean for prosecutors seeking to hold Lehman executives a …"

"… d Lehman executives accountable. Valukas and his team first learned about Repo 105 from a Lehman whistleblower named Matthew Lee. In the spring of 2008, Lee …"

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 "Halliburton":

"… executive of the El Paso Corporation and former chief operating officer of Halliburton, is the current board chair of the Federal Reserve Bank of Dallas’ Houst …"

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 "Credit Suisse First Boston":

"… Capital Investments Corp. (part of the Royal Bank of Scotland), Swiss bank Credit Suisse First Boston, and Goldman Sachs & Co., were major financial backers of subprime len …"

"… of credit totaling $14.1 billion from those five banks, plus Bear Stearns, Credit Suisse First Boston, Deutsche Bank, and IXIS Real Estate Capital, a French banking firm (since …"

"… ley, JPMorgan Chase, Deutsche Bank, UBS Securities, RBS Greenwich Capital, Credit Suisse First Boston, and Bank of America. Countrywide, in addition to capital from shareholde …"

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 "chair":

"… ain, Mitt Romney, Joseph Biden, and Rudy Giuliani. Dodd, of course, is the chair of the Senate Committee on Banking, Housing, and Urban Affairs, now overse …"

The climate change lobby explosion

By Marianne Lavelle

Will thousands of lobbyists imperil action on global warming?

Excerpts from this story referencing "Henry Waxman":

"… battle is being joined again. House Energy and Commerce Committee Chairman Henry Waxman, a California Democrat who has in the past endorsed emission goals similar …"

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 "American International Group":

"… grew markedly. In August, before the government bailed out insurance giant American International Group, it was revealed the company had sold $440 billion in shaky credit-default …"

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 "Bush administration":

"… anaged to recoup those funds). …"

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 "Comcast":

"… onal Group, biotech firm Genzyme, telecommunications firms Time Warner and Comcast, lobbying firms Patton Boggs LLP and Foley Hoag LLP, unions including the …"

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 "New York Stock Exchange":

"… anize the insurance markets,” according to firm material, as well as the New York Stock Exchange and each of the “Big Five” accounting firms. He has also represented c …"

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 "Ted Cruz":

"… $27,500 from primary dealer PACs during the 2012 election cycle. And Sen. Ted Cruz, R-Texas, who last month staged a fake filibuster to try to stop Congress …"

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 "Barack Obama":

"… y and has sought to position Santorum as the best alternative to President Barack Obama with new TV ads in states with upcoming primaries.The real Mitt Romney?Red …"

"… ring in Louisiana on March 13, starts with this opening sentence: “Under Barack Obama, America is spending $314 billion a year on foreign oil, funding radicals …"

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

Excerpts from this story referencing "Congress":

"… ork. The potential default rate, they say, is within the parameters set by Congress.Yet some members of Congress — already concerned about lucrative paydays …"

"… te, they say, is within the parameters set by Congress.Yet some members of Congress — already concerned about lucrative paydays at bankrupt Solyndra — say …"

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 "U.S. House":

"… s economic bailout plan.” Press release. Harvard Law School. 21 Nov 2008.U.S. House. H.R. 1424, roll call vote #681. 3 Oct 2008.U.S. Senate. S. Amdt. 568 …"

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.

Excerpts from this story referencing "Heritage Foundation":

"… ations, told iWatch News.U.S. firms are flush with cash, analysts from the Heritage Foundation noted last month, and can easily borrow at bargain rates if they need to r …"