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DOJ Ignores Citi's Elite Criminals: Wins Whistleblowers' 4th Lemons Award

William K. Black | Posted 04.08.2016 | Politics
William K. Black

We could, of course, retire the Bank Whistleblowers United's Lemons title -- for ignoring or trivializing elite fraud -- by awarding it permanently to the Department of Justice (DOJ).

Big Win For U.S.

Reuters | Posted 10.24.2013 | Business

* Bank found liable on one civil fraud charge * Verdict seen as a major win for the U.S. govt * Former Countrywide exec found liable on one frau...

Qualified Mortgages From the CFPB: Buyer Beware!

D. Sidney Potter | Posted 02.04.2013 | Business
D. Sidney Potter

Misrepresenting oneself to oneself has to be the lowest form of self-flattery. Not only does it breach the mother of all truism -- "know thyself" (wri...

Ben Hallman

Top Housing Official Defies Treasury | Ben Hallman | Posted 09.30.2012 | Business

In a move that brings two federal agencies as close to warfare as possible within the confines of bureaucratic memos, the Treasury Department called o...

WATCH: Fannie CEO Explains Why He Deserves To Be Paid More Than Barack Obama

Posted 05.25.2011 | Business

WASHINGTON (By Corbett B. Daly) - A key congressional panel charged with overseeing financial matters plans to question Fannie Mae and Freddie Mac exe...

Fannie, Freddie's Rush To Foreclose Fed Housing Chaos

Washington Post | Zachary A. Goldfarb and Ariana Eunjung Cha | Posted 05.25.2011 | Business

As the housing market came crashing down in 2008, the giant mortgage company Fannie Mae took an unprecedented step to help tackle the rising tide of f...

Fannie, Freddie Stock Prices Soar On Announcement Of Government's Blank Check Support

Posted 05.25.2011 | Business

Call it a Christmas gift for the mortgage giants. Shares of Fannie Mae and Freddie Mac were up big yesterday on the Treasury Department's Christmas...

Bailed-Out Banks Making Profits -- For Taxpayers

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Money wasn't just "given" to Wall Street firms. It bought something of value. And now that the firms (and the market in general) are recovering, they're starting to pay it back. With interest.

Democrats and Republicans Made The Mortgage Crisis -- Quit The Blame Game

Stephen C. Rose | Posted 05.25.2011 | Politics
Stephen C. Rose

By Stephen C. Rose There are two key pieces of evidence in the maelstrom we are now calling a meltdown -- but which began with a mortgage crisis. The...

Watershed Moment

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

The teetering state of the mortgage markets and the $4.6-$4.9 trillion position of Fannie and Freddie placed the GSE at the center of these crises.

Behind the Costly Fannie/Freddie Mortgage Bailout

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

In a globalized entangled and interconnected economy, no region can expect not to be impacted when the world's number one economy goes south.