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Subprime Mortage Crisis

Bernanke's Deposition: AIG, Goldman, Merrill and Bailouts

Janet Tavakoli | Posted 02.24.2014 | Business
Janet Tavakoli

The SEC has lost steam in its already very weak push against mortgage lenders and the investment banks that supplied them with money for alleged fraudulent lending.

Bank Settlement: $25 Billion Down, $675 Billion to Go

Van Jones | Posted 04.11.2012 | Politics
Van Jones

We need a solution at the scale of the problem, so that families can get back on their feet, the economy can get working, and people can reach for their American dreams again instead of watching them drown.

THE BIG LIE: How Ideologues Smeared Fannie Mae

New York Times | Posted 12.24.2011 | Business

So this is how the Big Lie works. You begin with a hypothesis that has a certain surface plausibility. You find an ally whose background suggests t...

Two Sets of Rules: One For Goldman Sachs and One For the Rest of Us

Democracy Now! | Posted 08.02.2011 | Business
Democracy Now!

Today's announcement that Goldman Sachs received a subpoena from the Manhattan district attorney has left many wondering whether any top executives will face criminal prosecution for the company's role in causing the financial meltdown of 2008.

New Consumer Agency Is Frightfully Necessary -- And Late

Sen. Elizabeth Warren | Posted 05.25.2011 | Business
Sen. Elizabeth Warren

Haphazard and possibly illegal practices at mortgage-servicing companies have called into question home foreclosures across the nation. The latest disclosures are deeply troubling.

Fight Brewing Over the Best Law You've Never Heard of

Preeti Vissa | Posted 05.25.2011 | Politics
Preeti Vissa

What if there was a law that told big corporations that they have responsibilities to the communities they serve? There is. It's called the Community Reinvestment Act and a fight over it's future is brewing in Congress.

Fighting Loan Modification Scams

Antonio Villaraigosa | Posted 05.25.2011 | Politics
Antonio Villaraigosa

Today, I took a big step in helping homeowners to combat loan scams and foreclosure fraud, the start of NeighborWorks America's national campaign against loan modification scams.

A New Paradigm for Homeownership: Honor the Renter

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

Home ownership has been oversold to the point where renters may feel like second-class citizens. Or, stupid not to buy. Well today many renters are having the last laugh.

A Reflection on Ayn Rand and Consumer Protection

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

When corporations are doing what they should do -- maximize profits -- they have no vision for the consumer.

Open Letter to My Mortgage Companies

Francine Hardaway | Posted 05.25.2011 | Business
Francine Hardaway

No, I don't want to move in with my daughters. I want to ask you to re-finance my mortgage at the current value of my house at a 4.2% rate, like everyone in Congress is suggesting.

SEC Rules Don't Go Far Enough

Neil Baron | Posted 05.25.2011 | Business
Neil Baron

Credit ratings have an extraordinarily broad effect on our financial system -- witness their role in the subprime crisis.

Goldman Cuts Corners By Depriving Junior Execs Of Flying Business Class

New York Post | Mark DeCambre with Zachery Kouwe | Posted 05.25.2011 | Business

Goldman Sachs has been best of breed among its mortgage-mangled brethren, but even it is starting to feel the pinch of a slackening deal flow, which h...

Looking For Mr. Goodnews

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

Inflation in China is very high. It's hard to figure how that will benefit us, but on a list of things that come under the rubric "grim satisfaction,"...

Who Benefits From The Subprime Crisis?

New York Times | Stephen J. Dubner | Posted 05.25.2011 | Business

The parties who are suffering from the subprime crisis are vast and varied, as well as in the newspapers every day. One reason the crisis has gotten s...

Putin? Please. CNBC Names The American Homeowner Person Of The Year

Huffington Post | Michelle Kung | Posted 05.25.2011 | Business

With all respect to Time magazine and their choice of Russian Prez Vladimir Putin as Person Of The Year, CNBC has a different suggestion for the yearl...