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 "Bob Dole":

"… en Kansan who got her start in politics working for former Republican Sen. Bob Dole, also of Kansas, Bair emerged from the crisis beloved by many on Capitol H …"

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 "Freddie Mac":

"… meet the standards of government-backed mortgage companies Fannie Mae and Freddie Mac. Carrington Holding Co., for example, will lend to borrowers with credit …"

"… high-level risk management executive at Countrywide, Washington Mutual and Freddie Mac before the crisis. Rossi got his start during the savings and loan debacl …"

"… y’s name is so similar to those of government-controlled mortgage giants Freddie Mac and Fannie Mae that regulators forced PennyMac to add a disclaimer to its …"

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 "U.S. Treasury":

"… end of 2008, Citigroup had received $45 billion in bailout money from the U.S. Treasury and the Federal Reserve had guaranteed hundreds of millions of dollars of …"

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 "Freddie Mac":

"… MC in June of that year. She said such loans could threaten Fannie Mae and Freddie Mac, the housing finance giants that were taken over by the U.S. government in …"

Weekly watchdog 2/23/12

Watchdog

Excerpts from this story referencing "Washington Mutual":

"… Writers and Editors for our coverage of mortgage fraud at Countrywide, GE, Washington Mutual and other banks. …"

Ex-WaMu worker claims he was shunned for refusing to push toxic loans on borrowers

By Michael Hudson

Ex-WaMu employee says he fought pressure to sell toxic loans

Excerpts from this story referencing "chief executive":

"… ction during the mortgage boom years, according to federal regulators.WaMu chief executive Kerry Killinger touted Option ARMs as the bank’s “flagship product.” …"

Whistleblowers ignored, punished by lenders, dozens of former employees say

By Michael Hudson

Former mortgage company employees say fraud was widespread in industry

Excerpts from this story referencing "Wells Fargo":

"… rmer ran into trouble soon after she started her job as a fraud analyst at Wells Fargo Bank. Her bosses, she later claimed, were upset that she was, well, findin …"

"… e didn’t “see the big picture” and that “it is not your job to fix Wells Fargo.” Management, she claimed, ordered her to stop contacting the company’ …"

"… er to stop contacting the company’s ethics hotline.In the end, she said, Wells Fargo forced her out of her job.Parmer isn’t alone in claiming she was punishe …"

"… ea that employees were punished for reporting problems.In court documents, Wells Fargo denied Parmer’s charges that management interfered with in-house fraud w …"

Mortgage industry tanks, fraud continues at Countrywide

By Michael Hudson

As the mortgage industry melted down, fraud investigator kept up the pressure, soon lost her job

Excerpts from this story referencing "Freddie Mac":

"… ng Finance Agency, which oversees mortgage investing giants Fannie Mae and Freddie Mac, has filed massive lawsuits charging that Countrywide, Bank of America and …"

Investor protections imperiled by Wall Street, GOP assault on financial reform

By John F. Wasik

Wall Street and GOP assault consumer protections in Dodd-Frank reforms

Excerpts from this story referencing "New Jersey":

"… d Freddie Mac. The subcommittee’s chairman, Republican Scott Garrett of New Jersey, opposes expanding the fiduciary standard.  Garrett and 13 of GOP col …"

Financial reform this week: How to handle a Too Big To Fail bank near collapse

By Julie Vorman

FDIC panel tackles tools needed to dismember biggest banks

Excerpts from this story referencing "Freddie Mac":

"… Employees’ Retirement System (CalPERS), Glass, Lewis & Co. LLC, and Freddie Mac.Panel member Anat Admati of Stanford University recently rallied other inf …"

WaMu, other banks motivated by greed, financial crisis probe concludes

By David Heath

WaMu, other bankers knowingly sold bad loans, Senate probe of crisis concludes

Excerpts from this story referencing "Washington Mutual":

"… loans to anyone, motivated by sheer greed.In one 2007 case, executives at Washington Mutual Bank were urgently trying to sell risky loans likely to go delinquent to g …"

"… downgraded and by February 2010, more than half the loans were delinquent.Washington Mutual became the largest bank in U.S. history to fail. Last month, the Fede …"

Reform reading: JPMorgan CEO not embarrassed to be banker

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 "reform law":

"… have money loaded on them, the Wall Street Journal reports. The Dodd-Frank reform law gives the Fed the power to set a ceiling on the interchange rate for debit …"

"… Another plus about prepaid cards: They are exempt from restrictions in the reform law.Mortgage lenders & money launderingMortgage lenders, which already fac …"

"… ders, which already face tougher regulations from the Dodd-Frank financial reform law, may soon also have to tell the U.S. government when they encounter suspic …"

WaMu examiner sheds new light on bankruptcy, criticizes FDIC for lack of cooperation

Joshua Hochberg's report on the fall of Washington Mutual discloses no Lehman-like allegations of accounting chicanery, nor does it establis

Excerpts from this story referencing "Washington Mutual":

"… ything — in life, and, it seems, in bankruptcies.Consider the failure of Washington Mutual Bank, seized by federal regulators in the fall of 2008 and quickly sold in …"

"… report, though valuable, doesn’t address the decision-making that led to Washington Mutual’s precarious position as of the spring of 2008. For that, it is instruct …"

Backing Pelosi: A labor of love

By Josh Israel and Aaron Mehta

A labor of love

Excerpts from this story referencing "Affordable Health Care for America Act":

"… legislative scorecard for the 111th Congress based on her support for the Affordable Health Care for America Act (the House version of the health care reform bill), the Jobs for Main Stre …"

John Boehner: A pro-business agenda

By Josh Israel, Aaron Mehta and Caitlin Ginley

A pro-business agenda

Excerpts from this story referencing "Securities Industry and Financial Markets Association":

"… to fight to preserve the rule. FedEx did not return calls for comment.10. Securities Industry and Financial Markets Association — $142,390In tenth place with at least $142,390 in contributions: the Se …"

"… on — $142,390In tenth place with at least $142,390 in contributions: the Securities Industry and Financial Markets Association (SIFMA), a financial trade organization that represents banks, securities …"

Mitch McConnell: Fueled by tobacco and whiskey

By Josh Israel, Aaron Mehta and Caitlin Ginley

Mitch McConnell

Excerpts from this story referencing "Dick Cheney":

"… ny has a long history of supporting Republicans, and former Vice President Dick Cheney was a board member until his election in 2000. As part of the Tax Relief C …"

Too big to jail?

By David Heath

Executives unscathed as regulators let banks report criminal fraud

Excerpts from this story referencing "Washington Mutual":

"… he Investigative Fund, such lending practices contributed to the demise of Washington Mutual.Not everyone agrees that such a case can be successful. Benjamin Wagner, a …"

"… Department has ongoing criminal investigations against major banks such as Washington Mutual and Countrywide, as well as investment bank Goldman Sachs.Fewer Cops on th …"

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 "Senate":

"… ether bank executives knew fraud was rampant within their mortgage loans.A Senate committee tomorrow will present evidence that in the case of Washington Mu …"

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 "Senate":

"… ether bank executives knew fraud was rampant within their mortgage loans.A Senate committee tomorrow will present evidence that in the case of Washington Mu …"

At top subprime mortgage lender, policies Were invitation to fraud

By David Heath

Long Beach Mortgage employees say firm routinely ignored warnings

Excerpts from this story referencing "Troy Gotschall":

"… ere intended to protect Washington Mutual from the impending housing bust. Troy Gotschall, the former president of Long Beach Mortgage, declined to respond to reque …"

Mortgage companies and the new regulatory regime

By Kat Aaron

Everyone knew it was coming. With all the turmoil in the American financial system, a push for re-regulation was inevitable. The Obama admin

Excerpts from this story referencing "Consumer Financial Protection Agency":

"… inistration’s sweeping plan, announced today, includes the creation of a Consumer Financial Protection Agency (CFPA). And tucked into that section of the 85-page white paper is a criti …"

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 "New Century Financial Corp.":

"… h originated at least $80.6 billion worth of loans. Third was now-bankrupt New Century Financial Corp. of Irvine, California, with more than $75.9 billion in loans. Non-Bank Le …"

The Subprime 25

A full text list of the top 25 lending companies responsible for subprime loans

Excerpts from this story referencing "New Century Financial Corp.":

"… Holdings Corp. Amount of Subprime Loans: At least $80.6 billion New Century Financial Corp. Amount of Subprime Loans: At least $75.9 billion First Franklin …"

The appraisal bubble

By Joe Eaton

In 2004, years before plummeting real estate values turned Fort Myers, Florida, into a top five foreclosure capital, appraiser Mike Tipton f

Excerpts from this story referencing "Washington Mutual":

"… an eAppraiseIT, charging that eAppraiseIT allowed loan production staff at Washington Mutual to pressure appraisers to inflate home values. The suit is pending.The sui …"

"… e suit is pending.The suit claims the appraisal management company allowed Washington Mutual’s “loan production staff to hand-pick appraisers who bring in appraisa …"

"… alleges that executives at eAppraiseIt knew its appraisal arrangement with Washington Mutual broke the law. “I think WaMu’s new initiative is way over the line,” …"

"… uomo wrote that evidence shows mortgages Fannie and Freddie purchased from Washington Mutual “may be premised on fraudulently inflated appraisals” that do not meet …"

A look at Locke’s disclosure statement

By Josh Israel

Now that President Obama has nominated former Washington Gov Gary Locke to head the Department of Commerce, PaperTrail (and probably Obama h

Excerpts from this story referencing "Washington Gov Gary Locke":

"… r a hat trick there, as well. …"

Lee Meyerson, lawyer for the big banks, to the financial rescue

By Marianne Lavelle

A lawyer who has represented some of the nation’s largest banks — and helped them in their bids to grow even larger — has been tapped to adv

Excerpts from this story referencing "Washington Mutual":

"… experience in dealing with financial industry emergencies. He represented Washington Mutual earlier this year in its effort to climb out of a deep subprime mortgage h …"

The ‘Other’ Howard

By Lisa M. Fetta

While he’s put $200,000 behind Proposition 90, Howard Ahmanson, Jr., says that he’s never even spoken to Howard Rich

Excerpts from this story referencing "editor":

"… e.Marvin Olasky, a journalism professor at the University of Texas and the editor of World Magazine, a Christian newsweekly, told the Center in an e-ma …"

When the Democrats wined and dined, here's who paid the piper

By Josey Ballenger

WASHINGTON, September 14, 2000 — Anyone who thought the Democratic National Convention was only about presidential nominee Al Gore must have

Excerpts from this story referencing "General Electric":

"… Mayer, Brown & Platt, whose clients include Aetna, America Online and General Electric. Kantor, the host, was Clinton’s commerce secretary and U.S. trade repre …"

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