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Research Links Financial Crisis To Revolving-Door Lobbyists

admin — Mon, 13 Jun 2011 21:24:45 +0000

Research Links Financial Crisis To Revolving-Door Lobbyists
Two economists at the International Monetary Fund crunched the numbers and determined lobbying by lenders and other U.S. financial interests encouraged the watering-down of regulations that contributed to the 2007 meltdown of the mortgage market.

Treasury Department to begin selling off mortgage-backed securities it bought during the financial crisis

admin — Tue, 22 Mar 2011 21:24:21 +0000

Treasury Department to begin selling off mortgage-backed securities it bought during the financial crisis
The Treasury Department is to begin selling off the $142 billion in mortgage-backed securities it purchased from Fannie Mae, Freddie Mac and other government agencies to help stabilize the housing market during the financial crisis. The divestiture will begin with…

Watchdog: IMF’s trust in markets, regulators blocked sight of financial crisis

admin — Thu, 10 Feb 2011 22:32:23 +0000

Watchdog: IMF’s trust in markets, regulators blocked sight of financial crisis
Political pressure prevented agency from adequately diagnosing the trends that led to the financial crisis.

Foreclosures: Crisis to continue in 2011

admin — Sun, 26 Dec 2010 22:50:25 +0000

Foreclosures: Crisis to continue in 2011
Economy, home values all tied to crisis Florida’s foreclosure crisis has been driving down the state’s economy for four years, pulling down home values and sinking family finances.

European Stock-Index Futures Climb Amid Optimism ECB to Act on Debt Crisis

admin — Thu, 02 Dec 2010 22:45:24 +0000

European Stock-Index Futures Climb Amid Optimism ECB to Act on Debt Crisis
European stock-index futures rose, with the Stoxx Europe 600 Index poised to extend its biggest rally in three months, amid optimism the European Central Bank will act to stem the region’s debt crisis. Asian equities advanced and U.S. futures were little changed.

Spain’s leader vows deficit reduction amid crisis

admin — Sat, 27 Nov 2010 21:32:35 +0000

Spain’s leader vows deficit reduction amid crisis
Spain’s prime minister mounted a vigorous defense Saturday of his nation’s economy and finances, insisting his administration will forge ahead with austerity measures and force troubled banks and regional governments to reveal information about savings and restructuring efforts.

Banks’ self-dealing super-charged financial crisis

admin — Sun, 29 Aug 2010 21:42:15 +0000

Banks’ self-dealing super-charged financial crisis
Faced with increasing difficulty in selling the mortgage-backed securities that had been among their most lucrative products, the banks hit on a solution that preserved their quarterly earnings and huge bonuses.

Senate, House financial overhaul targets lending practices of mortgage crisis

admin — Fri, 28 May 2010 21:25:41 +0000

Senate, House financial overhaul targets lending practices of mortgage crisis
Tucked into the landmark financial legislation making its way through Congress are little-publicized provisions aimed at preventing a repeat of the mortgage meltdown that ultimately doomed global financial markets. Subprime mortgage crisis – Mortgage – Business – United States – Financial Services

Goldman accused of fraud linked to mortgage crisis

admin — Sat, 17 Apr 2010 21:27:31 +0000

Goldman accused of fraud linked to mortgage crisis
A US watchdog on Friday charged top investment firm Goldman Sachs with fraud over the sale of a complex mortgage product like those blamed for the financial meltdown.

Rep. Mike Honda: Fixing the Foreclosure Crisis Facing Minority Populations

admin — Sun, 04 Apr 2010 22:40:20 +0000

Rep. Mike Honda: Fixing the Foreclosure Crisis Facing Minority Populations
The Asian-American and Pacific Islander communities have been particularly hard hit by housing foreclosures. Homeownership rates for Asians, for example, fell 1.2 percent in 2008,…