Ots

Handcuffs for Wall Street, Not Happy-Talk

Zach Carter | Posted 05.25.2011

Read More: Citi, Sec, Recovery, Occ, Blankfein, Washington Mutual, Wall Street Prosecutions, Economy, Jobs, Obama, Wamu, Fraud, Financial Fraud, Ots, Goldman Sachs, Merrill Lynch, Abacus, Wall Street, Chrystia Freeland, Lehman Brothers, Citibank, Washington Post, Indymac, Wall Street Fraud, Business News
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.

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Financial 'Reform' Dodges Big Lessons

Huffington Post Investigative Fund | David Heath | Posted 05.25.2011

Read More: Tom Coburn, The Financial Fix, Fdic, Washington Mutual, Kerry Killinger, Financial Reform, Office of Thrift Supervision, Ots, Wamu, Financial Regulation, Video, Business News

As congressional partisans wrangle over financial reform, neither side is grappling with a fundamental lesson learned from an investigation into the c...

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Shahien Nasiripour

Less Than One Percent Of Modified Mortgages In Obama Foreclosure Plan Involve Principal Cuts

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, Housing Crisis, Foreclosure Crisis, Occ, Ots, Office of the Comptroller of the Currency, Office of Thrift Supervision, Hamp, Making Home Affordable, Home Affordable Modification Program, Mortgage Modification, Loan Modifications, Business News

This story was updated at 6:10 p.m. ET. As few as 0.1 percent of mortgage modifications initiated under the Obama administration's signature foreclos...

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Thrift Supervision Regulators Ignored Risks At WaMu, Says Senate Panel

AP | DANIEL WAGNER | Posted 05.25.2011

Read More: Fdic, John Bowman, Financial Reform, Regulation, Wamu, Carl Levin, Senate, Washington Mutual, Permanent Subcommittee on Investigations, John Reich, Ots, Thrift Supervision, Banks, Financial Crisis, Bank Regulators, Wall Street, Business News

WASHINGTON — Federal bank regulators failed to stop shoddy lending and excessive risk-taking at Washington Mutual Inc. for years because they we...

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Government Bank Regulators Got Big Bonuses

AP | MATT APUZZO | Posted 05.25.2011

Read More: Bank, Bonus, Bank Regulators, Bank Auditors, Government Regulators, Bank Bailout, Financial Crisis, Wall Street Crisis, Economic Crisis, Fdic, Ots, Federal Deposit Insurance Corp, Office of Thrift Supervision, Office of the Comptroller of the Currency, Business News

WASHINGTON — As banks gambled on the risky mortgages that helped create the worst financial crisis in generations, the U.S. government handed ou...

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Shahien Nasiripour

Jamie Dimon, Head of JPMorgan Chase: "Everyone Should Be Allowed To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: JPMorgan Chase, Bear Stearns and JPMorgan Chase, J.P. Morgan Chase, Washington Mutual, Too Big to Fail, Regulatory Reform, Office of Thrift Supervision, Ots, Financial Crisis, Aig, Jamie Dimon, Sifma, Financial Regulation, Business News

The head of the country's second-biggest bank, considered by many to be "too big to fail," said Tuesday that no firm should be immune from failure. ...

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Shahien Nasiripour

Securitization Is Back! Investor-Owned Mortgages Have High Re-Default Rates, Says Report

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Freddie Mac, Foreclosures, Occ, Laurie Goodman, Home Affordable Modification, Homeowners, Making Home Affordable, Securitized Mortgages, Fannie Mae, Barack Obama, Securitization, Mortgages, Foreclosure Crisis, Office of the Comptroller of the Currency, Homeownership, Hamp, Office of Thrift Supervision, Ots, Financial Crisis, Housing Crisis, Video, Business News

The securitization of mortgage loans has been blamed for helping cause the financial crisis -- and now it seems to be complicating recovery efforts. ...

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SEC Investigating Washington Mutual

AP | Posted 05.25.2011

Read More: OTS, Office of Thrift Supervision, SEC Probe, Seatlle, Securities and Exchange Comission, Sec, Washington Mutual, Business News

The Securities and Exchange Commission is probing how Washington Mutual Inc., the nation's largest savings and loan, handled mortgages that were possi...

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