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Which Aspect of the FDIC's Litigation Failures Is the Most Embarrassing and Damaging?

William K. Black | Posted 05.12.2013 | Home
William K. Black

Is there anyone left in the banking regulatory ranks with a fire in their belly? Is there no one who has had enough and will insist that the fraudulent controlling officers limp away bankrupt rather than strut away wealthy?

Steve Mnuchin, Meet Rose Gudiel

Peter Dreier | Posted 12.03.2011 | Home
Peter Dreier

Gudiel would like Mnuchin to visit her at her home, because his OneWest Bank is trying to evict her and her family. If Mnuchin won't come to visit Gudiel, she will visit him, and bring some of her neighbors and friends with her.

FDIC Sues Former IndyMac Bank CEO

Posted 09.06.2011 | Home

(Mihir Dalal) - The Federal Deposit Insurance Corp sued former IndyMac Bank Chief Executive Michael Perry to recover over $600 million in damages and ...

FDIC Slow To Pursue Bank Directors, Recover Funds

Posted 05.25.2011 | Home

By Ben Hallman The Center For Public Integrity As the chief undertaker of the Great Recession, the Federal Deposit Insurance Corp. has briskly shu...

Gretchen Morgenson: Court Case Exposes 'Bag Of Mortgage Tricks'

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Home

Last week, a jury in federal district court in Reno, Nev., awarded a group of 50 mortgage investors $5.1 million in punitive damages against defendant...

Handcuffs for Wall Street, Not Happy-Talk

Zach Carter | Posted 05.25.2011 | Home
Zach Carter

When you steal a lot of money, you go to jail. Obama doesn't just need tough talk for Wall Street, he needs to prosecute the frauds that were committed, and explain them to the American people.

FDIC Strangely Resembling A Private Investor

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Home

The Federal Deposit Insurance Corp. is looking for a few good business partners. The beleaguered federal agency, hammered by this year's spate of ...

Board Members Who Skated Away From Financial Failure, Responsibility

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Home

Directors who were supposedly minding the store as disaster struck at companies like Countrywide Financial, Washington Mutual or Fannie Mae have not a...

Zombie Companies Haunt Stock Market Rally

Garrett Johnson | Posted 05.25.2011 | Home
Garrett Johnson

Insiders are selling and only speculators are buying. This doesn't sound like a market that the little guy should get involved with.

Ryan Grim

Inside IndyMac's Nationalization: A Case Study | Ryan Grim | Posted 05.25.2011 | Home

When the federal government first took over IndyMac Bank in July, it estimated that it would cost between four and eight billion dollars to seize it, ...

IndyMac Sale Near: Deal To Sell Failed Bank To Private Equity Firms

New York Times | Zachery Kouwe | Posted 05.25.2011 | Home

IndyMac Bancorp, one of the largest banks to fail as a result of the subprime mortgage crisis, is close to being sold to a consortium of private equit...

Advice To Team Obama: Keep FDIC's Bair

Robert Reed | Posted 05.25.2011 | Chicago
Robert Reed

Some infighting is considered good sport, even in the Obama era. But pushing out Federal Deposit Insurance Corp. Chairman Sheila Bair is not a wise, nor politically astute, decision.

Struggling IndyMac Borrowers May Not Know They're Entitled To Help

Los Angeles Times | E. Scott Reckard | Posted 05.25.2011 | Home

The Federal Deposit Insurance Corp.'s program to lower loan payments for struggling borrowers with mortgages from IndyMac Bank has been lauded by cons...

Take Back Your Money

Jon Raymond | Posted 05.25.2011 | Home
Jon Raymond

Want to know how to take back this country, or start a revolution? The answer is as obvious as the nose on your face. Banks. Take your money out of t...

California May Probe Senator Schumer Over IndyMac Collapse

Reuters | Posted 05.25.2011 | Home

WASHINGTON (Reuters) - California's attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New Yo...

Bush Cheerleads While the Economy Dives

Mona Gable | Posted 05.25.2011 | Home
Mona Gable

I was extremely confused by Bush's rosy economic speech. Here my local bank, IndyMac, is collapsing, with distraught customers waiting in line for hours last week to get their money.

Why We Are Where We Are

Tony Ressler | Posted 05.25.2011 | Home
Tony Ressler

People used too much debt to buy things at the wrong time in the economic cycle and lenders have been too lax in their lending standards. This has all changed because it should -- in short, risk has been repriced.

Regulation is Not a Bad Word

Cenk Uygur | Posted 05.25.2011 | Home
Cenk Uygur

McCain and Gramm are financial radicals who have taken over the system. The idea of putting them back in charge is absolutely unthinkable.

IndyMac Customers Line Up To Transfer Money To Mattresses

Reuters | Posted 05.25.2011 | Home

With Federal Reserve Chairman Ben Bernanke reiterating that the U.S. economy isn't in great shape, government-sponsored enterprises Fannie Mae and Fre...

Fed Regulators Explore New Territory

Jeffrey Shaffer | Posted 05.25.2011 | Home
Jeffrey Shaffer

IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressure of tighter credit, tumbling home prices and rising foreclosures

Did Sen. Charles Schumer Cause The IndyMac Failure? He Says No | Posted 05.25.2011 | Home

NEW YORK (CNN) -- Sen. Charles Schumer said Sunday the Bush administration is trying to "blame the fire on the person who calls 9-1-1" by suggesting h...

Right Develops Economy Blame Narrative

Dave Johnson | Posted 05.25.2011 | Home
Dave Johnson

The right is orchestrating a campaign to blame Democrats for the economic collapse. In cases like this it is often a matter of being the first out th...

Mortgage Lending Implode-O-Meter Explodes In Popularity

New York Times | Louise Story | Posted 05.25.2011 | Home

The misery in the housing market is registering on the Implode-O-Meter. As millions of homeowners fall behind on their mortgages, a fledging Web site...