Congressional Oversight Panel

Making Our Roads Safe This Holiday Season

Rep. Bruce Braley | Posted 02.01.2012

Read More: National Highway Traffic Safety Administration, Bruce Braley, House Oversight and Government Reform Committee, Congress, Congressional Oversight Panel, Federal-Motor-Carrier-Safety-Administration, Road Safety, Video, Politics News
Rep. Bruce Braley

As someone with truck driving experience, I have a deep respect for the profession. We must do everything that we can to ensure that trucking companies don't force their drivers to drive long hours with few breaks to sleep and rest.

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Alexander Eichler

New Report: Federal Prosecution Of Financial Fraud Falls To 20-Year Low

HuffingtonPost.com | Alexander Eichler | Posted 11.16.2011

Read More: Financial Fraud, Tarp, George W. Bush, Occupy Wall Street, Mortgage Crisis, Federal Prosecutors, Fraud Cases, Securities and Exchange Commission, Justice Department, Congressional Oversight Panel, Financial Fraud Cases, Barack Obama, Housing Crisis, Business News

Public mistrust for banks may be at an all-time high, but federal prosecution for certain financial crimes is down to a 20-year low. The federal go...

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"A Healthy Financial System Cannot Be Built on the Expectation of Bailouts"

Simon Johnson | Posted 05.25.2011

Read More: Tarp, Tarp Bailout, Congressional Oversight Panel, Tarp Funds, TARP Money, Tarp Financial Stability, Business News
Simon Johnson

TARP played a significant role preventing the mini-depression from becoming a full-blown Great Depression, but part of the cost is to distort further incentives at the heart of Wall Street.

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Banks Only Halfway Through Commercial Real Estate Losses

Posted 05.25.2011

Read More: Business News, Federal Reserve, Patrick Parkinson, Commercial Real Estate, Cre, Congressional Oversight Panel, Business News

WASHINGTON (Reuters) -- A top government financial regulator said on Friday banks have taken only about half the hit they will experience from commer...

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How The Foreclosure Mess Could Hurt The Recovery

The Huffington Post | Abby Wendle | Posted 05.25.2011

Read More: Housing Market, Mark Zandi, Moody's Analytics, Phyllis Caldwell, Fixed-Rate Mortgages, Foreclosure, Homeownership Preservation Office, Congressional Oversight Panel, Foreclosure Fraud, Business News

Hopes for economic improvement this year are being threatened by the lingering mess of unresolved foreclosures. Alleged foreclosure fraud committed...

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Wall Street's Fatal Defect

Mark Sunshine | Posted 05.25.2011

Read More: Mortgage Crisis, Fannie Mae Freddie Mac Bailout, Subprime Mortgages, Congressional Oversight Panel, Bonds, Subprime Mortgage Crisis, Mortgage Backed Bonds, Business News
Mark Sunshine

According to the Congressional Oversight Panel, many private label mortgage backed bonds have a fatal defect that Wall Street is downplaying: many mortgage backed bonds may not be backed by mortgages.

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Shahien Nasiripour

Obama's Foreclosure Program Will Reach Less Than One Quarter Of Administration's Target

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Treasury Department, Foreclosure Crisis, Hamp, Housing Market, Cbo, Unemployment, Home Affordable Mortgage Program, Home Prices, Underwater Homes, Real Estate, Cop, Congressional Oversight Panel, Negative Equity, Realtytrac, Ted Kauffman, Business News

The Obama administration's signature anti-foreclosure program will ultimately aid less than a quarter of the nearly four million distressed homeowners...

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Foreclosure Hearings Show Homeowners Who in Washington Cares

Richard Zombeck | Posted 05.25.2011

Read More: Foreclosures, JPMorgan Chase, Congress, Hamp, Barney Frank, Mortgage Crisis, Bank of America, Chris Dodd, Maxine Waters, Damon Silvers, Congressional Oversight Panel, Business News
Richard Zombeck

While the result of recent mortgage foreclosure and HAMP hearings remains to be seen, there's a sense that a handful of government officials get it and seem to be looking out for the rest of us.

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Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage

Posted 05.25.2011

Read More: Business News, Mortgage Crisis, Foreclosure, Complicated Chart, Securities, Economic Crisis, Congressional Oversight Panel, Business News

We all know the mortgage securitization process is complicated. But just how complicated? The chart below from Zero Hedge shows the convoluted journe...

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Man Makes Ridiculously Complicated Chart To Find Out Who Owns His Mortgage

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Business News, Mortgage Crisis, Foreclosure, Congressional Oversight Panel, Securities, Economic Crisis, Business News

We all know the mortgage securitization process is complicated. But just how complicated? The chart below from Zero Hedge shows the convoluted jour...

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Shahien Nasiripour

'Robo-Signer' Foreclosure Scandal May Threaten Fundamental Financial Stability, Government Watchdog Warns

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Tarp, JPMorgan Chase, Foreclosure Crisis, Wells Fargo, Bank of America, Foreclosure, Foreclosure News, Robosigners, Congressional Oversight Panel, Housing Crisis, Business News

This story was updated at 11:30 a.m. and 4:10 p.m. ET to include more information. The ongoing "turmoil" roiling megabanks and their faulty home fore...

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Shahien Nasiripour

Homeowners Get The Boot For Bad Paperwork While Banks Get Millions For Same

HuffingtonPost.com | Shahien Nasiripour | Posted 10.29.2010

Read More: Phyllis-Caldwell, Hamp, Foreclosure Crisis, The Financial Fix, Home Affordable Modification Program, Foreclosure, Congressional Oversight Panel, Foreclosure Fraud, Business News

Mortgage companies enrolled in the Obama administration's signature foreclosure-prevention initiative may be receiving taxpayer funds despite not havi...

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Shahien Nasiripour

Bailout Oversight Panel Slams Obama Administration Over Foreclosure Crisis

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: The Financial Fix, Making Home Affordable, Mortgage Crisis, Foreclosure Fraud, Phyllis-Caldwell, Hamp, Subprime Mortgages, Financial Crisis, Foreclosure, Congressional Oversight Panel, Business News

WASHINGTON -- A key government panel keeping tabs on the bailout strongly criticized the Obama administration Wednesday for its apparent failure on a ...

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William Alden

Kenneth Feinberg, Former Pay Czar, Admits Contradiction In His TARP Role

HuffingtonPost.com | William Alden | Posted 05.25.2011

Read More: Tarp, Damon Silvers, Congressional Oversight Panel, Bailout, Kenneth Feinberg, Troubled Asset Relief Program, Citigroup, Business News

Testifying before the Congressional Oversight Panel on Thursday, Kenneth Feinberg came close to admitting that he had failed in his job as pay czar, s...

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Watchdog Slams Companies Government Hired To Prevent Foreclosures

AP | DANIEL WAGNER | Posted 05.25.2011

Read More: Foreclosures, Treasury Department, Freddie Mac, Mortgage Modification, Treasury, Fannie Mae, COP Panel, Congressional Oversight Panel, Business News

WASHINGTON — The bailed-out mortgage companies hired by the Treasury Department to manage its main program designed to prevent foreclosures probably...

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Ryan Grim

Ted Kaufman To Replace Warren On Bailout Oversight Panel

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Elizabeth Warren, Kaufman Wall Street, Congressional Oversight Panel, Kaufman Warren, Ted Kaufman, Politics News

Sen. Ted Kaufman, the outgoing Delaware senator who battled to break up major banks the past year, will replace Elizabeth Warren as chair of the Congr...

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Elizabeth Warren Was Paid To Be An Expert Witness In Cases Against Bailed-Out Banks

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Elizabeth Warren, Tarp, Dodd-Frank Act, Warren CFPB, Troubled Asset Relief Program, Middle Class, Cfpb, Business News, Harvard Law School, Timothy Geithner, Congressional Oversight Panel, Business News

While acting as a government-appointed bailout watchdog, Elizabeth Warren, whom President Obama appointed this month to lead the creation of the Consu...

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Elizabeth Warren on Way to Being Sidelined as Head of Consumer Protection Agency, Relegated to "Advisor" Role

Yves Smith | Posted 05.25.2011

Read More: Elizabeth Warren, Timothy Geithner, Congressional Oversight Panel, Financial Reform, Consumer Financial Protection Agency, Business News
Yves Smith

Will Elizabeth Warren last? Both Brooksley Born and Sheila Bair have been accused of not being team players. With the team being industry cronies, that's a badge of honor.

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Elizabeth Warren To Speak At Financial Insiders' Dinner

Huffington Post | William Alden | Posted 05.25.2011

Read More: Tarp, Elizabeth Warren, Wall Street, Cfpb, Cfpa, Banks, Harvard Law School, Congressional Oversight Panel, Financial Services Roundtable, Brokers, Business News

Elizabeth Warren, chair of the Congressional Oversight Panel, a federal bailout watchdog, and a likely nominee to head the new Consumer Financial Prot...

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Small Banks STILL Struggling Despite Wall Street Bailout

AP | DANIEL WAGNER | Posted 05.25.2011

Read More: Treasury Department, Elizabeth Warren, Wall Street Bailout, The Financial Fix, Bailout, Lending, Congressional Oversight Panel, Small Business Lending, Small Banks, Business News

WASHINGTON — To the list of economic woes squeezing small banks, add another one: government bailouts. The Treasury Department's bailout progra...

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Weekly Audit: Foreclosure Mills, Social Security and the Fed's Failures

The Media Consortium | Posted 05.25.2011

Read More: Ted Deutch, Aig, The American Prospect, Foreclosure Mills, Bailout, Mother Jones, Social Security, Federal Reserve, The Nation, Alternet, Congressional Oversight Panel, Economy, Home News
The Media Consortium

by Amanda Anderson, Media Consortium blogger Editor's Note: Zach Carter is out this week, but we've compiled a rundown of the biggest economy-related ...

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Shahien Nasiripour

Divisions Emerge Among Republicans Over Elizabeth Warren

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, The Financial Fix, Elizabeth Warren, Cfpb, Cfpa, Consumer Financial Protection Agency, Consumer Financial Protection Bureau, Barack Obama, Congressional Oversight Panel, Tarp, Bailout, TARP Watchdog, Republicans Elizabeth Warren, Gop Elizabeth Warren, Business News

This story was updated at 11:45 p.m. ET to include mention of a Boston Globe op-ed. A growing divide has emerged among Republicans over the possible ...

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Shahien Nasiripour

Top Senate Democrat Questions Obama Foreclosure Program's Effectiveness

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Foreclosure Crisis, Loan Modification, Mortgage Modification, Making Home Affordable, Mha, Walking Away, Hamp, Home Affordable Modification Program, Richard Neiman, Underwater, Financial Crisis, Timothy Geithner, Congressional Oversight Panel, Sigtarp, Business News

The second-ranking Democrat in the Senate expressed concern Thursday over the ultimate effectiveness of the Obama administration's signature foreclosu...

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Shahien Nasiripour

Bailout Watchdog Criticizes Geithner Over Obama Housing Plan

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Tarp, Foreclosures, Elizabeth Warren, Foreclosure Crisis, Mortgage Modification, Making Home Affordable, Mha, Hamp, Loan Modifications, Bailout, Home Affordable Modification Program, Treasury, Financial Crisis, Timothy Geithner, Cop, Congressional Oversight Panel, Business News

The panel created to keep tabs on the federal bailout grilled Treasury Secretary Timothy Geithner on Tuesday over the lackluster performance of the ad...

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Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Tarp, Wall Street Bailout, Laurie Goodman, Elizabeth Warren, Mortgage Walk Away, Backdoor Bailout, Underwater Mortgages, Richard Neiman, Financial Crisis, Congressional Oversight Panel, Negative Equity, Video, Business News

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

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