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Toxic Mortgages

Investors Who Bet Against the Market: Goldman Sachs Trader Convicted

D. Sidney Potter | Posted 09.11.2013 | Business
D. Sidney Potter

Someone once told me that it isn't hitting the pavement after jumping out of a high-rise building that kills you, it's the sudden stop. When I first ...

Judge OKs Massive Settlement Over Toxic Mortgages

Reuters | Jonathan Stempel | Posted 08.20.2013 | Business

NEW YORK (Reuters) - A federal judge has approved a settlement in which Citigroup Inc agreed to pay bondholders $730 million to resolve claims that th...

Judge Won't Approve Huge Settlement

Reuters | Posted 04.03.2013 | Business

(Reuters) - A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc's proposed $590 million settlement of a shareholder la...

Wisconsin Governor's Allies Ran a Toxic Bailout Bank... and Got Rich

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

The same bank executives who donated to Scott Walker and have helped him avoid the press with their underground tunnel also ran one of the most conspicuous dumping sites for toxic financial waste in the country.

Bear Stearns Emails Suggest Bank Sold Clients 'Sack Of Sh--'

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

A new lawsuit alleges fresh evidence of corruption at collapsed banking giant Bear Stearns. The lawsuit -- filed in 2008 by mortgage insurer Ambac As...

FOR SALE: $1 Billion In Toxic BofA Mortgages

Posted 05.25.2011 | Business

BANGALORE (Reuters): Bank of America Corp has put up for sale at least $1 billion worth of toxic mortgage assets, the New York Post said on Monday, ci...

Latino Families' Fight for Banking Reform

Janet Murguía | Posted 05.25.2011 | Politics
Janet Murguía

One of the most devastating consequences of today's economic turmoil is the large-scale loss of nearly a generation of wealth among Latino homeowners.