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Entries by Shahien Nasiripour from 02/2011

Michigan Family Says Obama Foreclosure-Prevention Program Cost Them Their Home

Posted 02.01.2011 | Business

The following story is produced in partnership with The Dylan Ratigan Show's week long "No Way To Live" series on the financial crisis and its impact ...

Financial Crisis Prosecutions On Wall Street Slow To Develop Despite Cries For Justice

Posted 02.04.2011 | Business

NEW YORK -- After the last major banking crisis, some two decades ago, roughly 3,800 bankers were prosecuted and sentenced to prison terms, by the Jus...

Obama Calls For End Of Fannie Mae, Freddie Mac

Posted 02.11.2011 | Business

NEW YORK -- The Obama administration outlined three options Friday to change the way home loans are financed, calling for the slow death of mortgage g...

Obama 2012 Budget Projects Unemployment Rate To Be Higher, Growth To Be Slower Than Expected

Posted 02.14.2011 | Business

NEW YORK -- The Obama administration reversed course Monday in its proposed budget for fiscal 2012, forecasting slower growth and higher unemployment ...

Obama's Small Business Plan To Come Up Short, White House Concedes

Posted 02.14.2011 | Business

NEW YORK -- After spending much of last year relentlessly touting the benefits of a proposed $30 billion fund that would jumpstart bank lending to sma...

Bank Regulator Pushing For Modest Settlement With Industry Over Improper Mortgage Practices

Posted 02.16.2011 | Business

The federal bank regulator overseeing the nation's largest lenders is pushing for a quick and modest settlement to the months-long federal and state p...

Regulator Stands In Way Of Potential Multi-Billion Dollar Mortgage Settlement

Posted 02.24.2011 | Business

The Obama administration is seeking to broker a deal that would have the nation's largest mortgage lenders agree to pay as much as $30 billion in fine...

Fannie, Freddie Narrow Losses, But Want More Government Aid

Posted 02.25.2011 | Business

NEW YORK -- Fannie Mae and Freddie Mac, the troubled mortgage giants taken over by the federal government, reported improved earnings last quarter as ...

Banks Say They Expect Penalties From Foreclosure Probe

Posted 02.25.2011 | Business

Three of the nation's largest banks said Friday that they expect to be sanctioned by the U.S. government for their foreclosure practices, securities f...

One Of World's Largest Banks Warns Of Punishment For Improper Foreclosure Practices In U.S.

Posted 02.28.2011 | Business

UPDATE 7:00 PM: U.S. Bancorp, the nation's 10th-biggest lender by assets, also warned investors of impending penalties, its annual report shows. The...