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 "Countrywide Financial":

"… ncy had jurisdiction over IndyMac, which failed in the summer of 2008, and Countrywide Financial, the mortgage lending giant whose losses almost sank Bank of America, whic …"

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 "GMAC":

"… its subsidiary, EMC Mortgage. He then took over the mortgage subsidiary of GMAC, another top subprime lender. Lawsuits filed by federal regulators allege …"

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 "Countrywide Financial":

"… rgain. That, combined with Lewis’ ill-advised purchase of subprime giant Countrywide Financial just as the housing market went into free fall, led Bank of America to sta …"

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 "JPMorgan Chase":

"… ions was.” When WaMu was seized by the FDIC on September 25 and sold to JPMorgan Chase, the Fed was repaid in full. Supervision at the San Francisco Fed wasn’ …"

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 "FDIC":

"… t against former CEO Killinger and two other former senior executives, the FDIC charged that WaMu sold Option ARMs “widely and indiscriminately,” usin …"

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 "Ameriquest Mortgage":

"… ity,” said Ed Parker, former fraud investigations manager at now-defunct Ameriquest Mortgage Co., a leading subprime lender. “But we were not welcome because we affe …"

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 "Fannie Mae":

"… e Federal Housing Finance Agency, which oversees mortgage investing giants Fannie Mae and Freddie Mac, has filed massive lawsuits charging that Countrywide, Ban …"

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 "Consumer Financial Protection Bureau":

"… ll the funding mandated by the Dodd-Frank financial reform law for the new Consumer Financial Protection Bureau; Increasing the annual funding sought by the SEC and the Commodity Future …"

"… nce between brokers and investment advisers. The Dodd-Frank law created a Consumer Financial Protection Bureau (CFPB) and an SEC Office of the Investor Advocate, both designed to protec …"

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 "Congress":

"… could have been liquidated under the FDIC's new resolution authority.Other Congressional hearings, rulemaking deadlines and events related to the Dodd-Frank r …"

"… tudy of effective ways to educate investors. The SEC study must be sent to Congress by July 21, 2012.Wednesday, June 22Hedge fund regulation - Securities and …"

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 "Troubled Asset Relief Program":

"… ncial markets and the Treasury Department's management of the $700 billion Troubled Asset Relief Program bailout program. The panel disbanded after issuing its final report last m …"

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 "Washington Mutual":

"… bout 46 percent of all U.S. bank deposits after acquiring Bear Stearns and Washington Mutual during the financial crisis. “Economies of scale are a good thing,” Di …"

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 "IndyMac Bank":

"… nclude a run on the bank that followed the failure of another institution, IndyMac Bank. That month, spooked investors withdrew nearly $10 billion from WaMu.There …"

Backing Pelosi: A labor of love

By Josh Israel and Aaron Mehta

A labor of love

Excerpts from this story referencing "fundraiser":

"… Bay area.” Mehran is, perhaps, best known for hosting a $1,000-a-person fundraiser with then-candidate Barack Obama, at which Obama was recorded by a blogger …"

John Boehner: A pro-business agenda

By Josh Israel, Aaron Mehta and Caitlin Ginley

A pro-business agenda

Excerpts from this story referencing "American Bankers Association":

"… deriding them as the work of “punk staffers” and urging members of the American Bankers Association to “stand up for yourselves” against reform efforts.SIFMA sent an …"

Mitch McConnell: Fueled by tobacco and whiskey

By Josh Israel, Aaron Mehta and Caitlin Ginley

Mitch McConnell

Excerpts from this story referencing "Washington Mutual":

"… p the global financial services behemoth, such as Bank One, Providian, and Washington Mutual. McConnell helped negotiate agreement on and voted for passage of the $700 …"

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 "false bank statements":

"… ge office that sales people sometimes cut and pasted borrowers’ names on false bank statements. As a result of shoddy lending practices, Washington Mutual had default ra …"

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 "false bank statements":

"… ge office that sales people sometimes cut and pasted borrowers’ names on false bank statements. As a result of shoddy lending practices, Washington Mutual had default ra …"

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 "subprime lenders":

"… way. Senior managers at Long Beach Mortgage, one of the nation’s biggest subprime lenders, aggressively pushed loans through. As far as the company was concerned, K …"

"… the Currency.In its headlong rush to grow, Long Beach Mortgage, like most subprime lenders, tossed aside its tried-and-true tools for identifying risky borrowers and …"

"… count executives assigned to regional offices. Similar strategies at other subprime lenders fed the national boom in risky loans.But a strategy to lend to people who …"

"… l bank regulator, the Comptroller of the Currency, compiled data on the 10 subprime lenders with the highest foreclosure rates in the 10 cities with the most foreclos …"

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 "Harvard University":

"… gency was introduced by Senator Durbin in March. And Elizabeth Warren, the Harvard University law professor running the Congressional Oversight Panel on TARP – the Tr …"

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 "bank":

"… e largely blamed for triggering the global economic meltdown were owned or bankrolled by banks now collecting billions of dollars in bailout money — inc …"

"… ed for triggering the global economic meltdown were owned or bankrolled by banks now collecting billions of dollars in bailout money — including several …"

"… l collapse, as they have sometimes portrayed themselves, but enablers that bankrolled the type of lending that has threatened the financial system. These …"

"… de during that period. The Center found that U.S. and European investment banks invested enormous sums in subprime lending due to unceasing demand for hi …"

The Subprime 25

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

Excerpts from this story referencing "Ameriquest Mortgage":

"… inancial Corp. Amount of Subprime Loans: At least $97.2 billion Ameriquest Mortgage Co./ACC Capital Holdings Corp. Amount of Subprime Loans: At least $8 …"

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 "Countrywide Financial":

"… Shapiro, filed a class action on behalf of blacklisted appraisers against Countrywide Financial and its subsidiary Landsafe, an appraisal management company. Like Cuomo …"

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 Mutual":

"… t $3,000), Microsoft (at least $75,000), Starbucks (at least $75,000), and Washington Mutual (at least $30,000) — clearly favoring investments in companies based in …"

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 "Morgan Stanley":

"… (The others are Bank of America, Merrill Lynch, Citigroup, Goldman Sachs, Morgan Stanley, and State Street.)Treasury Secretary Henry Paulson has made clear the pla …"

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 "California":

"… as the chief financier of anti-takings ballot initiatives in the West, the California effort also has received substantial support from Howard Fieldstead Ahmans …"

"… damentalist who lives in Orange County.According to records filed with the California Secretary of State, Ahmanson’s Fieldstead & Company gave $200,000 on …"

"… appy that regulatory compensation is bundled into the same proposition [in California] as eminent-domain reform, but I still don’t think it would be a bad thi …"

"… ons over the years. Among them:The Chalcedon Foundation of Vallecito, California, a theocratic Christian Reconstructionist organization whose founder, Rous …"

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 "Marc Morial":

"… troit Mayor Dennis Archer, Denver Mayor Wellington Webb, New Orleans Mayor Marc Morial, Boston Mayor Thomas Menino and Minneapolis Mayor Sharon Sayles, August 15 …"

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