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 "WMC Mortgage Corp.":

"… r bank loans. Also on the list is Amy Brandt, who at age 31 became CEO of WMC Mortgage Corp., then owned by General Electric. Brandt‘s properties include a $2 m …"

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 "American International Group":

"… onday, Sept. 15, and ended with the $80 billion bailout of insurance giant American International Group and the sales of Merrill Lynch to Bank of America, Wachovia to Wells Fargo …"

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 "American International Group":

"… swaps — a type of derivative — caused the collapse of insurance giant American International Group. Post-crisis rules now require standard derivatives be traded through an …"

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 "San Diego":

"… al Telephone & Telegraph offered $400,000 if the GOP would bring it to San Diego. Eight days later, the administration of President Richard Nixon dropped a …"

"… in the press, Republicans tried to save face and moved the convention from San Diego to Miami Beach.The scandal prompted Congress to enact a new law that would …"

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 "financial services":

"… his recall election alongside Maurice “Hank” Greenberg, the founder of financial services giant American International Group.Liberal-leaning media, such as Madison …"

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 "Milwaukee":

"… etition drive that has forced Walker into a recall election June 5 against Milwaukee Mayor Tom Barrett. Spending on the race is expected to hit $80 million, mu …"

"… onth, the calendars clocked just two hours for media: two TV interviews in Milwaukee, an open press call and a conference on his children’s reading initiativ …"

"… e entry. Rindfleisch, who was Walker’s deputy chief of staff when he was Milwaukee county executive, was charged in January this year with four felony counts …"

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 "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 "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 "mortgage finance giants":

"… sing finance.” …"

What's still hidden in AIG's files?

By Ben Protess

Company trustees, lawmakers resist calls for more disclosure

Excerpts from this story referencing "American International Group":

"… ion has focused on one key outstanding question: Whether the giant insurer American International Group committed fraud in the run-up to its $182 billion bailout.The records of A …"

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 "First Franklin Corp.":

"… Bank. Some investment banks owned subprime lenders. Merrill Lynch bought First Franklin Corp. (No. 4 on the Center list) in late December 2006 for $1.3 billion — just …"

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 "Alcoa":

"… s a positive. When giants such as General Electric, Johnson & Johnson, Alcoa, and DuPont are on record favoring cap-and-trade legislation, “it moves …"

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 "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 …"

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 "trade":

"… including the AFL-CIO and the International Brotherhood of Carpenters, and trade groups like the American Gas Association and the National Association of B …"

"… xpected to far exceed previous conventions,” wrote Bill McConnell in the trade publication, Broadcasting and Cable. “Independent party planners will th …"

"… our events slated for the convention week, according to press reports. The trade group will host a dinner honoring Senator Max Baucus, the ranking Democrat …"

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 "Administrator":

"… al Company and Devon Energy Corp., lobbied Interior during 2001.Deputy EPA Administrator Linda Fisher served as vice president of government affairs for Monsanto p …"

"… rategies are often used by the wealthy to lower their net tax payments.EPA Administrator Christine Todd Whitman, for instance, put money in a number of investment …"

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 "San Diego":

"… For another Dupree client — Robert Durbin, a fiberglass technician for a San Diego yacht-building firm in the 1980s — the challenge isn’t winning a Longs …"

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 "finance":

"… favorite son of financial services firms — and it shows in his campaign finance reports. Garrett’s biggest source of campaign cash in the 2012 election …"

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.

Excerpts from this story referencing "WellPoint":

"… r’s campaign as a reason why they are trying to get another big insurer, WellPoint, to disclose all of its corporate political and lobbying expenditures. A c …"

"… ition of activist investor groups is even demanding the resignation of two WellPoint board members, including Susan Bayh, the wife of former Sen. Evan Bayh, D- …"

"… ivist investors, led by Dr. Robert Stone, will once again be attending the WellPoint annual meeting next month to encourage other shareholders to support his c …"

"… meeting next month to encourage other shareholders to support his call for WellPoint’s Blue Cross plans to revert to their nonprofit status.Insurance company …"

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 "fuel oil":

"… however, include other petroleum products, such as jet fuel, kerosene and fuel oil.And the staggering $332 billion spent on crude oil last year is not even a …"

ANALYSIS: Lack of leadership at the top of corporate ladder

By Wendell Potter

Misplaced values among health inusurers and investment banks.

Excerpts from this story referencing "insurance":

"… lleagues have left in recent years, dismayed at what the leaders of health insurance companies have come to value more than anything else: making big money for …"

"… r homes and our jobs.Similarly, I soured on common practices in the health insurance industry like refusing to sell coverage to children and others with “pre …"

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 "energy":

"… ents.” …"

"… energy Department loan guarantee in 2009. In March 2010, the Massachusetts energy storage company paid cash bonuses of $259,285 to three executives in part …"

"… 59,285 to three executives in part due to progress made on the $43 million energy loan, Securities and Exchange Commission records show. Last October, Beaco …"

"… ary EnerDel, maker of lithium-ion battery systems, landed a $118.5 million energy grant in August 2009. About one-and-a-half years later, Vice President Joe …"

FACT CHECK: Crossroads GPS twists facts in Senate ads

By FactCheck.Org

Conservative group makes leaping statements in two ads attacking politicians

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 "Securities and Exchange Commission":

"… e sitting on billions of dollars of liquid assets. In new filings with the Securities and Exchange Commission and conference calls with Wall Street analysts, some big players flatly sa …"