Citigroup Settlement Tossed: Judge Tells SEC To Get It TogetherSource: The Huffington Post
In a potentially precedent setting ruling on Monday, a federal judge in New York tossed out a settlement between the Securities and Exchange Commission and Citigroup, effectively telling the SEC -- which is responsible for protecting investors and maintaining fair, orderly mark …
Foreclosures Are Killing Us Source: The New York Times
AFTER slowing down in the first half of the year, the rate of homes entering foreclosure is rising again. First-time default notices were served on 78,000 homes in August, a 33 percent increase from July.
Goldman's Disinformation Campaign: Drilling Down Into The DocumentsSource: This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied | zero hedge
You don't need to read these secret documents to figure out what's going on. You need simply read the publicly disclosed documents to see how Goldman's defense is built on sand.
Fraudclosure, Halted Traffic, An America Divided: A World Stuck In Its TracksSource: This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied | zero hedge
Being stuck is far more than just a side effect of pervasive banker fraud. It has become a national state of mind. Americans are terminally divided on issues from security, to the military, to immigration, healthcare, and, of course, the economy itself.
The 'idiots' guide' to the next great unravelingSource: The Huffington Post
By pocket-vetoing the bill that sailed through Congress to expedite mortgage foreclosures, President Obama may have begun a chain reaction that will blow up Treasury Secretary Tim Geithner's confidence game with the banks.
Obama Administration Bails Out Major Credit UnionsSource: The New Media Journal Headline News
Two years after the peak of the financial crisis, the federal government swooped in to stabilize a crucial part of the credit-union sector battered by losses on subprime mortgages.
Goldman settles with SEC for $550 millionSource: CNN
Goldman Sachs paid $550 million to settle charges of defrauding investors in a sale of securities tied to subprime mortgages, the Securities and Exchange Commission said Thursday.
Don't Blame the Dream of Home OwnershipSource: The Huffington Post
Here is a fable that is making the rounds. It is a collection of half-truths and outright lies: The financial meltdown was the result of too many people pursuing the American Dream of home ownership.
How We Got into the Subprime Lending MessSource: UPENN
When mortgage default rates started to climb earlier this year, many experts thought the damage would be confined to the minority of issuers that had binged on subprime lending.
Help Paying Mortgages Elicits AngerSource: The New York Times
The angry comments flooded in after the federal government announced it was expanding its program to assist unemployed homeowners, as well as borrowers who owe more on their mortgages than their homes are now worth.