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Entries by Shahien Nasiripour from 04/2010

Top Fed Official Wants To Break Up Megabanks, Stop The Fed From Guaranteeing Wall Street's Profits [EXCLUSIVE]

Posted 04.02.2010 | Business

Click on the next page and scroll down for audio of the interview The U.S. should bust up its megabanks and impose strict laws curbing the size and c...

Number Of Long-Term Unemployed Continues To Rise, Sets Another All-Time High

Posted 04.02.2010 | Business

While the increase in jobs over the past month provides hope that the economy's nascent recovery will continue to blossom, one troubling trend in Frid...

Big Banks Dominate U.S. Banking System: Study

Posted 04.05.2010 | Business

Just 16 banks account for more than half of the assets in the nation's banking system, new data show. The banks -- all of which have more than $100 b...

Which Industries Lost/Gained Jobs In The Great Recession (CHARTS)

Posted 04.05.2010 | Business

The nascent upturn in the economy has economists cheering the end of the Great Recession, but the return of more than eight million lost jobs will tak...

Unemployment: More Than 3 Million Americans Jobless For Longer Than A Year, An All-Time High (CHARTS)

Posted 04.06.2010 | Business

More than three million Americans have been out of work for at least a year, according to a new analysis of unemployment data. That represents 23 per...

Federal Reserve Gets Political, Sends Congress Veiled Message

Posted 04.06.2010 | Business

Facing perhaps the biggest loss of power in the institution's nearly 100-year history, the Federal Reserve fought back today with a little-noticed mov...

Greenspan Testifies To Financial Crisis Commission, Blames Fannie, Freddie For Subprime Crisis (LIVEBLOG, VIDEO)

Posted 04.07.2010 | Business

(We'll be running a live blog of the testimony at the Financial Crisis Inquiry Commission's latest round of hearings in Washington, D.C. Former Federa...

Financial Crisis Commission Questions Former Citigroup Chiefs Robert Rubin, Chuck Prince (LIVEBLOG, VIDEO)

Posted 04.08.2010 | Business

(We'll be running a live blog of the testimony at the Financial Crisis Inquiry Commission's latest round of hearings in Washington, D.C. Former Federa...

Citi 'Negative' On Subprime Mortgages As Early As 2006, Yet Firm Continued To Pump Out Subprime Mortgage Products (VIDEO)

Posted 04.08.2010 | Business

A top Citigroup official testified Wednesday that the firm was reducing its risk to subprime mortgage products as early as 2006, fully expecting housi...

Financial Crisis Panel: Greenspan FINALLY Acknowledges Existence Of Fraud, Says Fed Can't Handle CFPA (VIDEO)

Posted 04.09.2010 | Business

Scroll down for video Read HuffPost's coverage of Wednesday and Thursday's hearings of the Financial Crisis Inquiry Commission While former Federal ...

Former Top Fannie Mae Execs Grilled On Compensation, Lobbying Of Congress (VIDEO)

Posted 04.09.2010 | Business

Scroll down for video The panel created by Congress to investigate the roots of the financial crisis grilled former top officials at Fannie Mae on Fr...

Great Recession Not Over Yet, Though Data Suggests Expansion (CHARTS)

Posted 04.12.2010 | Business

Put the champagne back on ice -- the Great Recession ain't over yet. The committee that decides such matters, the Business Cycle Dating Committee o...

JPMorgan Chase Argues Against Mortgage Modifications, Citing Sanctity Of Contracts

Posted 04.12.2010 | Business

With millions of homeowners losing their homes to foreclosure during this recession, megabank JPMorgan Chase plans to argue against the Obama administ...

Bank of America Now Supports Cramdown, Giving Judges Authority To Modify Home Mortgages (VIDEO)

Posted 04.13.2010 | Business

Updated at 7:10 p.m. with new information. Bank of America, the nation's largest lender and its biggest bank by assets, now supports changing the la...

75% Of Homeowners In Obama's Loan Modification Plan Still Owe More Than Their Homes Are Worth

Posted 04.14.2010 | Business

More than three-quarters of homeowners who have had their monthly mortgage payments reduced under the Obama administration's primary foreclosure-preve...

Another Top Fed Official Calls For U.S. To Break Up Megabanks

Posted 04.15.2010 | Business

Referring to the danger posed by megabanks as one that's able to spread "debilitating viruses throughout the financial world," a second top Federal Re...

St. Louis Fed Chief Calls For Megabanks To Be Broken Up, Joins Other Top Fed Officials

Posted 04.15.2010 | Business

A third top Fed official is calling for megabanks to be broken up. James Bullard, president and chief executive of the Federal Reserve Bank of St. Lo...

Goldman Sachs Fraud Charges Could Be Just The Beginning, Say Analysts

Posted 04.16.2010 | Business

Securities fraud charges against Goldman Sachs are just the beginning as federal regulators and investigators comb through the wreckage of a fraud-ind...

Goldman Sachs Earnings: Bank's Profit Skyrockets To $3.5 Billion

Posted 04.20.2010 | Business

Goldman Sachs, which is now accused by government regulators of defrauding investors, nearly doubled its income in the first quarter to nearly $3.5 bi...

Geithner Stresses Need For 'Clear Rules' For Wall Street, But Senate Bill Doesn't Have Them

Posted 04.21.2010 | Business

In yet another sign that the country can't rely solely on regulators to police the financial system, Treasury Secretary Timothy Geithner told Congress...

Moody's Slapped With Subpoena: Credit Rating Agency Not Cooperating With Crisis Investigators

Posted 04.21.2010 | Business

The panel created to investigate the roots of the financial crisis slapped credit rating agency Moody's Corp. with a subpoena Wednesday for failing to...

Obama's Cooper Union Speech: President Urges Wall Street Support For Reform

Posted 04.22.2010 | Business

With Goldman Sachs's top leaders in attendance, President Barack Obama urged financial executives to work with him in passing the financial reform bil...

Larry Summers Defends Megabanks, Says Too Many Small Banks Make U.S. 'Less Stable'

Posted 04.23.2010 | Business

President Barack Obama's top economic adviser defended megabanks Thursday, arguing that breaking them up serves no purpose and that a proliferation of...

Goldman Sachs Emails: Firm Had 'The Big Short' As Economy Fell

Posted 04.24.2010 | Business

As homeowners were falling behind on their subprime mortgages, wreaking havoc for investors that owned slices of their mortgages in securities peddled...

Senators Send Letter To Harry Reid Urging Strong Derivatives Reform

Posted 04.25.2010 | Business

A bipartisan coalition of Senators concerned about weak oversight of derivatives sent a letter to Senate Majority Leader Harry Reid urging him to stre...