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Ernest Patrikis,
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WASHINGTON -- A year after Congress passed a landmark law intended to tame the excesses that produced the financial crisis, some experts contend that a crucial vulnerability remains: The largest financial institutions are still so enormous that their failure could again bring the financial system to the brink of disaster....
Read More:
Ernest Patrikis,
Financial Reform,
Mitchell Glassman,
Raghuram Rajan,
Too Big To Fail,
Treasury Department,
Anat Admati,
Dodd-Frank,
Obama Too Big To Fail,
Tbtf,
Business News
WASHINGTON -- A year after Congress passed a landmark law intended to tame the excesses that produced the financial crisis, some experts contend that a crucial vulnerability remains: The largest financial institutions are still so enormous that their failure could again bring the financial system to the brink of disaster....
WASHINGTON -- Perhaps more than 10,000 Wells Fargo borrowers were inappropriately steered into more expensive subprime mortgages or had their loan documents falsified by bank personnel, the Federal Reserve said Wednesday. The bank, the largest U.S. mortgage lender, agreed to pay $85 million to settle civil charges. On...
WASHINGTON -- Thanks to united Republican opposition to Elizabeth Warren as the permanent head of the consumer protection agency she dreamed up and shepherded through Congress, the administration is largely able to avoid the uncomfortable discussion about just how much support she had within the White House. Obama, while...
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WASHINGTON -- A top Obama administration official on Thursday questioned the scope of the state and federal investigations into alleged mortgage abuses and "illegal" foreclosures perpetrated by the nation's largest mortgage companies, marking the first time a senior White House official publicly broke ranks with the administration over the issue...
WASHINGTON -- New York Attorney General Eric Schneiderman on Tuesday was kicked off the committee leading the 50-state task force charged with probing foreclosure abuses and negotiating a possible settlement agreement with the nation's five largest mortgage firms, according to an email reviewed by The Huffington Post. Schneiderman was one...
