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Handcuffs for Wall Street, Not Happy-Talk

Zach Carter | Posted 05.25.2011 | Business
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.

Financial 'Reform' Dodges Big Lessons

Huffington Post Investigative Fund | David Heath | Posted 05.25.2011 | Business

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

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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...

Thrift Supervision Regulators Ignored Risks At WaMu, Says Senate Panel

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

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

Government Bank Regulators Got Big Bonuses

AP | MATT APUZZO | Posted 05.25.2011 | Business

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

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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. ...

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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

SEC Investigating Washington Mutual

AP | Posted 05.25.2011 | Business

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