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Shahien Nasiripour

Obama's HAMP Initiative Struggling To Help Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 07.24.2013 | Politics

A government auditor has warned that the U.S. Treasury Department doesn’t understand why distressed homeowners are re-defaulting at an “alarming...

Report Raises Concerns About Housing Aid Program

Reuters | Posted 09.22.2013 | Business

WASHINGTON, July 24 (Reuters) - Nearly half of the mortgages modified in 2009 under the Obama administration's signature homeowner rescue effort are...

It's Business As Usual When It Comes to Foreclosure

Richard Zombeck | Posted 07.02.2013 | Business
Richard Zombeck

Five years after the near complete financial meltdown of the economy in this country, nothing has really changed. Despite the billions of dollars in settlement fees the banks have shelled out, bad press, and loss of trust, it's pretty much business as usual. Actually, it's more blatant and brazen than ever.

Mark Gongloff

Bailout Watchdog Issues Dire Warning To Taxpayers

HuffingtonPost.com | Mark Gongloff | Posted 01.30.2013 | Business

Guess what, American taxpayer: More than four years after the financial crisis started, you are still on the hook for a nearly $15 billion investment ...

Bailout Watchdog: Both Candidates Will Be Terrible For Bank Regulation

The Huffington Post | Mark Gongloff | Posted 10.29.2012 | Business

If you've been listening to Neil Barofsky gripe about the Obama administration's handling of bank bailouts, you might think he's got it in for Preside...

Neil Barofsky Finds A New Reason To Call Tim Geithner A Jerk

The Huffington Post | Alexander Eichler | Posted 08.07.2012 | Business

It's starting to look like Neil Barofsky and Timothy Geithner are never going to get along. In a Monday column for Reuters, Barofsky, the former sp...

Ben Hallman

In Sea Of Disappointing Housing Programs, Hardest Hit Fund Least Effective: New Report

HuffingtonPost.com | Ben Hallman | Posted 07.25.2012 | Business

Most of the federal bailout money pledged through the Hardest Hit Fund, a program meant to help ailing homeowners in states especially battered by the...

Mark Gongloff

Treasury Ignored Mortgage Fraud Warnings: Book

HuffingtonPost.com | Mark Gongloff | Posted 07.20.2012 | Business

If the Obama administration's mortgage-relief program has been a bit of a flop, it didn't have to be so. In a new book, TARP's former inspector gen...

Mark Gongloff

Geithner Loses It On TARP Inspector General

HuffingtonPost.com | Mark Gongloff | Posted 07.19.2012 | Business

"I never would have imagined that one day one of the most powerful government officials in the world would be dropping f-bombs on me." That's Neil ...

Bailed-Out Bank Defrauded By Debt Collection Agency

The Huffington Post | Jillian Berman | Posted 05.16.2012 | Business

Apparently debt collection agencies aren't only making things difficult for debtors. Executives at Oxford Collection Agency have pled guilty to co...

TARP Profit A Myth

The Huffington Post | Mark Gongloff | Posted 04.25.2012 | Business

Contrary to the Obama administration's claims, the bailouts of the financial and auto industries have not turned a profit for the U.S. government and ...

Bailout Watchdog: 'We're Letting Our Guard Down' Against Too-Big-To-Fail Banks

The Huffington Post | Jillian Berman | Posted 04.19.2012 | Business

The likelihood of another financial crisis and subsequent bailout is far from dead. And that's partly because Americans and the financial community fo...

Loren Berlin

Bailout Money Fails To Reach Neediest Homeowners: Report

HuffingtonPost.com | Loren Berlin | Posted 04.12.2012 | Business

A federal housing program funded with taxpayer money left over from the government's bailout of the banks and auto companies is failing to deliver on ...

Bailed-Out Companies Pressured Pay Czar To Keep Exec Pay High: Report

Reuters | Posted 03.25.2012 | Business

WASHINGTON, Jan 24 (Reuters) - Pressure from financial institutions and Treasury officials undermined an effort to limit executive pay at seven comp...

Three Alleged Mortgage Scammers Arrested In California

The Huffington Post | Alexander Eichler | Posted 12.02.2011 | Business

Just one day after government authorities announced they would be bringing the hammer down on loan-modification scammers, three people have been arres...

Mortgage Modification Scammers On Notice As Federal Offices Announce Crack Down

The Huffington Post | Alexander Eichler | Posted 12.01.2011 | Business

With the economy losing momentum and the housing market sagging, there has been no shortage of scammers looking to take advantage of struggling homeow...

Alexander Eichler

Banks Left Bailout Program Early To Avoid Restrictions On Executive Pay: Report

HuffingtonPost.com | Alexander Eichler | Posted 11.29.2011 | Business

In the wake of the financial crisis, a number of the nation's largest banks were excused from the government's rescue program before they had returned...

Shahien Nasiripour

Obama Treasury Celebrates Bailout Profits While Ignoring Costs, Legacy

HuffingtonPost.com | Shahien Nasiripour | Posted 05.30.2011 | Business

NEW YORK -- On Wednesday, the Treasury Department celebrated the fact that its $250 billion investment in the nation's banking system has officially m...

Shahien Nasiripour

Citigroup Was On The Verge Of Failure, New Report Finds; Rescue Was Based On 'Gut Instinct'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Citigroup, the nation's third-largest bank by assets, was on the verge of being closed by regulators the week of Nov. 24, 2008 as depositors rapidly w...

Treasury Concealed Likely AIG Bailout Loss, Federal Auditor Says

Posted 05.25.2011 | Business

The U.S. Treasury concealed $40 billion in likely taxpayer losses on the bailout of American International Group (AIG.N), the New York Times said, cit...

Inspector General Criticizes Treasury's Role In GM, Chryslsr Dealer Closures

AP/Huffington Post | Posted 05.25.2011 | Business

A government watchdog is criticizing the Treasury Department for urging General Motors and Chrysler to quickly reduce the size of their dealership net...

Shahien Nasiripour

Top Senate Democrat Questions Obama Foreclosure Program's Effectiveness

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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

Neil Barofsky, TARP Watchdog: Criminal Charges Could Be Coming For New York Fed In AIG Scandal

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

The government-appointed watchdog for the government's $700 billion bailout program says that the New York Federal Reserve could be hit with criminal ...

Shahien Nasiripour

Goldman Sachs Told It Was Getting 100 Cents On The Dollar From AIG, Top Exec Says (VIDEO)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

AIG and federal authorities did not negotiate with Goldman Sachs when it came to the firm's controversial $12.9 billion payout from AIG, courtesy of t...

Shahien Nasiripour

Watchdog: Obama Foreclosure Program Is Likely To Be A Failure

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration's signature foreclosure-prevention program is likely to be a failure and has not done enough to help struggling homeowners wh...