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Shahien Nasiripour

Obama Team On Furor Over Foreclosures: 'Problem For The Banks and Servicers To Fix'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

This story was updated at 10:00 p.m. ET to include additional information from a Treasury spokesman. U.S. Housing and Urban Development Secretary Sha...

Shahien Nasiripour

SHAHIEN NASIRIPOUR Citigroup Says It Didn't Use 'Robo-Signers,' Still Faces Increased Risk Due to Sour Mortgages

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Top Citigroup executives sought to assure investors and the public Monday that the firm's foreclosure process and its handling of key documents in sec...

Shahien Nasiripour

Foreclosure Fraud: Megabanks At Risk As Analyst Identifies New Problems With Mortgages

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Pension funds and other investors who have suffered losses on mortgage-backed securities could have a "strong legal basis" to call into question the v...

Shahien Nasiripour

WATCH: Elizabeth Warren Decries Fine Print In Contracts As 'Shrubbery To Hide Muggers'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

White House adviser Elizabeth Warren wants to make it easier for consumers to understand loan products by reducing the amount of "useless" information...

The Most Inappropriate Halloween Costumes Possible (PHOTOS)

Huffington Post | Alex Leo & Katla McGlynn | Posted 10.03.2011 | Comedy

With Halloween a mere two weeks away you may be scrambling, having remembered that you don't yet have a costume and every store in your neighborhood h...

Shahien Nasiripour

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

When the former president and chief operating officer of Wall Street's foremost mortgage-loan due diligence firm testified under oath before a federal...

Shahien Nasiripour

Pandering To Clients, Firm Disavows Wall Street Whistleblower's Testimony

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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Shahien Nasiripour

Federal Reserve 'Will Be Gone' In 25 Years, Top Financial Mind Predicts, Despite Geithner's Vote Of Confidence

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A mere half-hour after Treasury Secretary Timothy Geithner praised the "necessary" and "very substantial" actions of the Bush and Obama administration...

Shahien Nasiripour

Elizabeth Warren Extends Olive Branch, Borrows Idea From Lenders In First Major Speech

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

In her first major speech as a member of the Obama administration, middle-class advocate Elizabeth Warren reached out to the heads of the nation's big...

Shahien Nasiripour

Unemployment, Economy Forcing Savers To Give Up $5 Billion A Year

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Savers are giving up $5 billion in annual income as concerns about the dampening recovery and increasing unemployment push the prudent to keep their m...

Shahien Nasiripour

New Proof Wall Street Knew Its Mortgage Securities Were Bad

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

During a little-noticed hearing this week in Sacramento, Calif., a firm hired by Wall Street to analyze mortgages given to borrowers with poor credit,...

Shahien Nasiripour

Progressive Economists Offer Their Suggestions To Replace Larry Summers: 'No More Rubinites'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Progressive economists have one piece of advice for President Barack Obama when it comes to replacing top economic adviser Larry Summers: No more Robe...

Dan Froomkin

Social Immobility: Climbing The Economic Ladder Is Harder In The U.S. Than In Most European Countries

HuffingtonPost.com | Dan Froomkin | Posted 05.25.2011 | Politics

Is America the "land of opportunity"? Not so much. A new report from the Organization for Economic Co-Operation and Development (OECD) finds that soc...

Teen Turns Cell Phone Into Porsche On Craigslist

Huffington Post | Bianca Bosker | Posted 05.25.2011 | Technology

Steve Ortiz, 17, has accomplished the high-tech equivalent of turning straw into gold: using Craigslist, the teen successfully turned a cell phone int...

Shahien Nasiripour

Elizabeth Warren To Lead Search For New Consumer Chief, Could 'Pull A Dick Cheney'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

In addition to being charged with forming the newly-created agency dedicated to protecting consumers from abusive financial products, Elizabeth Warren...

Shahien Nasiripour

Megabanks Will Shrink, Bernanke Tells Financial Crisis Commission, Yet Doubts Over Too Big To Fail Remain

HuffingtonPost.com | Shahien Nasiripour | Posted 09.02.2010 | Business

In one of his most definitive statements on the subject to date, the nation's central banker said Thursday that he expects some of the nation's megaba...

Shahien Nasiripour

Bank Profits Soar, Lending Falls As Banks Pay Next To Nothing For Funds

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Bank profits jumped 21 percent last quarter to nearly $22 billion, the highest level in three years, as banks put away less money to cover future loss...

Shahien Nasiripour

Dodd Questions Elizabeth Warren's Management Experience -- A Concern He's Never Raised Before

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

*This article was updated at 4:15 p.m. ET to reflect a clarification. In questioning Elizabeth Warren's candidacy to lead a new Consumer Financial Pr...

Shahien Nasiripour

Two Top Investigators Leave Financial Crisis Commission

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Two senior staffers have quietly left the Financial Crisis Inquiry Commission, a panel working under a tight deadline that has been dogged by rumors o...

Shahien Nasiripour

White House Defends Lackluster Foreclosure Programs

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Policymakers will likely keep mortgage rates low for the next several years because it's the best and cheapest way to heal the housing market, a senio...

'Enterplanement'=Opera At 30,000 Feet

Telegraph | Caroline Shearing | Posted 05.25.2011 | Travel

In-flight entertainment took on a whole new meaning this week when British holidaymakers were treated to a live operatic performance at 30,000ft. M...

Shahien Nasiripour

Famed Investor Bill Gross Calls For Massive Taxpayer-Backed Mortgage Refinance Initiative

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The head of the world's biggest bond fund, bemoaning the slow economic recovery, reignited debate Tuesday by publicly supporting a massive new refinan...

Paul Jones, British Traveler, Carried 200 Fireworks On Continental Flights

AOL Travel News | Posted 05.25.2011 | Travel

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Shahien Nasiripour

Federal Reserve's Low Rate Policy Is A 'Dangerous Gamble,' Says Top Central Bank Official

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A top regional Federal Reserve official sharply criticized Friday the Fed's ongoing policy of keeping interest rates near zero -- and at record lows -...

Shahien Nasiripour

Chris Dodd, Top Democrat, Fights Against Elizabeth Warren

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

This story was updated at 4:23 p.m., 5:15 p.m. and 6:30 p.m. ET. Despite the outpouring of support for bailout watchdog Elizabeth Warren's candidac...