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 "Pennsylvania":

"… n its mortgage bonds as ShellyMac. He then purchased New Penn Financial, a Pennsylvania lender. New Penn rose from the ashes of one of American International Grou …"

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 "Citigroup":

"… immy Cayne (Bear Stearns), Stanley O’Neal (Merrill Lynch), Chuck Prince (Citigroup) and Ken Lewis (Bank of America) are also living in quiet luxury. Meltdow …"

"… ompanies falter from a distance. Charles O. Prince III resigned as CEO of Citigroup on Nov. 5, 2007, when the company announced it had lost between $8 bi …"

"… ough 2008. It’s unclear whether he’s sold any since he resigned.  Citigroup shares were priced at more than $300 the week Prince resigned and today ho …"

"… h $1.5 million a year, according to SEC filings. By the end of 2008, Citigroup had received $45 billion in bailout money from the U.S. Treasury and the 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 "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 "American International Group":

"… big donors from the 2008 event that won’t be giving this time around — American International Group and Freddie Mac.The two institutions together gave $1 million to the Repub …"

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 "Greta Van Susteren":

"… ith whom Walker spent the most media time are conservatives. (The seventh, Greta Van Susteren of Fox News, has said her stance “depends on the issue.”)Sykes and McK …"

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 "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 "Michael Hudson":

"… underlying security as collateral. For example, I might give my colleague, Michael Hudson, my bicycle, which is worth $120, in exchange for $100 in cash. I would us …"

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 Enterprise Institute":

"… private entities, said Peter Wallison, who follows housing finance for the American Enterprise Institute, a conservative think-tank.“There aren’t any real good answers,” sai …"

What's still hidden in AIG's files?

By Ben Protess

Company trustees, lawmakers resist calls for more disclosure

Excerpts from this story referencing "Kurt Bardella":

"… and release as much information as we possibly can,” said the spokesman, Kurt Bardella.But Issa lacks the power to issue subpoenas. And those who can compel AIG …"

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 "Irvine":

"… lion worth of loans. Third was now-bankrupt New Century Financial Corp. of Irvine, California, with more than $75.9 billion in loans. Non-Bank Lenders Domi …"

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 …"

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 …"

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 …"

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 "Time Warner":

"… erican International Group, biotech firm Genzyme, telecommunications firms Time Warner and Comcast, lobbying firms Patton Boggs LLP and Foley Hoag LLP, unions in …"

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 "IBM":

"… co Systems, Dell Computer and Intel, yet only venerable computing stalwart IBM was among the top 10 holdings by dollar amount. Many of the other holdings …"

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 "Durham":

"… t expenses, including rent on a small apartment near the medical center in Durham — a necessity because James is still in recovery — exceed $48,000. …"

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 "campaign finance reports":

"… as been a 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 cycle ca …"

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 "Eugene Kiely":

"… ages out of context to inflame rather than inform.– by Robert Farley and Eugene KielySourcesVogel, Kenneth P. and Bravender, Robin. “Pro-Rick Santorum PAC pic …"

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 "health insurance":

"… rmer colleagues 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 …"

"… lose our 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 "Fisker Automotive":

"… ix Energy Department loan and grant recipients — from electric car maker Fisker Automotive to electric-car battery maker A123 Systems to Colorado-based Abound Solar …"

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 "Charles Grassley":

"… very dangerous tool.”At a July 21, 2010, Senate hearing, Republican Sen. Charles Grassley commended Warren and two other “TARP watchdogs” for their wo …"

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.