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Elizabeth Warren is the One to Appoint
Here are some things we can all agree on regardless of our position on the appointment. Let’s look at the attributes of this candidate for the job of heading the Bureau of Consumer Financial...
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Americans Got Hammered by The Bank of America Settlment
How would you like a 39% principle reduction on that faulty Countrywide loan that you’re struggling to pay? How bout a 39% principle reduction on any one of the faulty loans that were originated by a...
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House Financial Services Committee: Spending $1610 to Save a Home is Too Much...
HAMP has permanently modified 521,630 mortgages, at a cost of only $840 million, according to the Financial Services Committee Press Release, distributed late on Thursday. That’s roughly $1610 per...
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Lies and Denial: the 2012 GOP Strategy
The last 24 hours have witnessed some remarkable historical revisionism on financial regulation coming out of the GOP. First, we had one of the most bizarre and simply untrue attack ads I've ever...
View ArticleJan 24, 2012 Congressional Oversight Committee CFPB Cordray Hearing (*Bonus*...
Event: ‘How Will The CFPB Function Under Richard Cordray?’ Back in May 2011, Elizabeth Warren, previous acting head of the Consumer Financial Protection Board (CFPB), was testifying in front of this...
View ArticleSIGTARP REPORT | Factors Affecting Implementation of the Hardest Hit Fund...
TARP Bailout Money Fails To Reach Neediest Homeowners After Two Years: Report A federal housing program funded with taxpayer money left over from the government’s bailout of the banks and auto...
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Issa promises Congressional oversight on investigation of Secret Service scandal
Honey traps and “wheels-up parties.” The scandal surrounding the Secret Service continues to get notice from the media — and from Congress. Rep. Darrell Issa, chair of the House Oversight and...
View ArticleTroubled Asset Relief Program (TARP) Disbursements (INFOGRAPHIC)
Browse more infographics. ~ 4closureFraud.org TweetRelated posts: Congressional Oversight Panel Releases Final Report on the Troubled Asset Relief Program New Foreclosure Relief Program, H.E.M.P. is...
View ArticleCitigroup Kills Panel Overseeing Toxic-Asset Division
The Market Ticker | Oh Citibank? What’s The Price Is that laced with lead, arsenic, cyanide or polonium? Citigroup Inc. (C), the biggest U.S. bank to have regulators reject its capital plan this year,...
View ArticleCongressional Budget Office (CBO) | Hard Choices Ahead on Debt – The 2012...
Click to Enlarge The 2012 Long-Term Budget Outlook Over the past few years, the federal government has been recording budget deficits that are the largest as a share of the economy since 1945....
View ArticleObama Foreclosure Program Criticized By Expert Panel
Obama Foreclosure Program Criticized By Expert Panel PROVIDENCE, R.I. — Former Wall Street bailout watchdog Neil Barofsky blasted the banking industry on Friday for inflicting a litany of abuses on...
View ArticleHUD ACCEPTING APPLICATIONS FOR ENTITIES TO PURCHASE TROUBLED MORTGAGES IN BULK
HUD ACCEPTING APPLICATIONS FOR ENTITIES TO PURCHASE TROUBLED MORTGAGES, OFFER CHANCE TO AVOID COSTLY FORECLOSURES AND STABILIZE NEIGHBORHOODS September loan sale to include neighborhood stabilization...
View ArticleElizabeth Warren | Libor Fraud Exposes Wall Street’s Rotten Core
Libor fraud exposes Wall Street’s rotten core Elizabeth Warren chaired the TARP Congressional Oversight Panel from 2008 to 2010. She is the Democratic nominee for a U.S. Senate seat in Massachusetts....
View ArticleQuigley and Cummings Ask McHenry for Separate Hearing Panel for CFPB Director...
Quigley and Cummings Ask McHenry for Separate Hearing Panel for CFPB Director Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Rep. Mike...
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Do Your Research, Ezra Klein!
Ezra Klein has joined the melee over the Obama Administration's housing policy failure with an apologia for the Administration. Klein argues: The right question on housing, then, is not whether the...
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