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Shahien Nasiripour and Ryan Grim

Senator Says Loophole In Derivatives Regulation Undermines Reform

HuffingtonPost.com | Shahien Nasiripour and Ryan Grim | Posted 11.20.2009 | Business

Read More: Financial Crisis, Cantwell, Occ, Regulatory Reform, Derivatives, Financial Reform, Derivatives Reform, Collin Peterson, Barney Frank, Main Street, Bailout, Maria Cantwell, Wall Street, Business News

The effort to impose new restrictions on the financial system falls short of true reform if there's a gigantic loophole for foreign exchange derivativ...

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Shahien Nasiripour and Ryan Grim

EXCLUSIVE: Two Leading House Dems Will Close $50 Trillion Loophole In Derivatives Reform Bills

HuffingtonPost.com | Shahien Nasiripour and Ryan Grim | Posted 11.18.2009 | Business

Read More: Occ, Derivatives, End Users, Barney Frank, Derivatives Reform, Chris Dodd, Collin Peterson, Big Banks, Cftc, Exclusive, Tbtf, Financial Crisis, Banks, Foreign Exchange, Gary Gensler, Business News

The two House Democrats shepherding derivatives reform proposals through Congress will close an existing $50 trillion loophole for foreign currency co...

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Shahien Nasiripour

Federal Reserve Loses Expanded Powers Proposed By Obama Administration

HuffingtonPost.com | Shahien Nasiripour | Posted 11.05.2009 | Business

Read More: Fdic, Occ, Tbtf, Barney Frank, Too Big to Fail, John Dugan, Financial Crisis, Federal Reserve, Obama Administration, Comptroller of the Currency, Sheila Bair, Business News

The pushback against an omnipotent Federal Reserve keeps growing. A top Congressional leader said Thursday that the Fed will not have the power to ov...

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Loan Modifications: Half Of All Who Get Help End Up Falling Behind

AP | Alan Zibel | Posted 11.30.2009 | Business

Read More: Office of Thrift Supervision, Loan Modification, Occ, Making Home Affordable, Mortgage Modification, Office of the Comptroller of the Currency, Business News

WASHINGTON - Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help ...

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Loan Modifications: Half Of All Homeowners Who Help End Up Redefaulting

AP | ALAN ZIBEL | Posted 11.30.2009 | Home

Read More: Office of Thrift Supervision, Loan Modification, Occ, Making Home Affordable, Mortgage Modification, Office of the Comptroller of the Currency, Home News

WASHINGTON — Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again.

More than 50 percent of homeowners with loans modified in the first half of last year had missed at least two months of payments a year later, the federal Office of the Comptroller of the Currency and the Office of Thrift Supervision said Wednesday.

But the results were better among those who saw their payments drop substantially.

About one in three borrowers whose monthly payments were reduced by 20 percent or more had fallen behind again within a year. That compares with more than 60 percent for borrowers whose loan payments were left unchanged or increased.

The report by highlights a significant challenge for the Obama administration's plan to tackle the foreclosure crisis, backed by $50 billion in money from the financial industry bailout fund.

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Orange County Choppers Unveils Green Bike (VIDEO)

Posted 09.13.2009 | New York

Read More: Paul Teutul Green Motorcycle, New York, Occ, Siemens Bike, Siemens Orange County Chopper, Paul Teutul Sr. American Chopper, Paul Teutul Sr., Green Motorcycle, Motorcycles, Orange County Chopper Green, Smart Chopper, Paul Teutul Green Chopper, Green Bike, Orange County Choppers, Siemens Smart Chopper, Orang County Chopper, Siemens, Orange County Chopper Siemens, New York News

It's big, it's loud, it's... green? Paul Teutul Sr., founder of Orange County Choppers and star of American Chopper, was in Columbus Circle Wednesd...

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