Foreclosure Settlement Ends Investigation Into Banks
Jan 8, 2013 Homeowner advocates and some lawmakers are upset that an $8.5 billion settlement with JPMorgan Chase, Bank of America, Wells Fargo and other banks over improper foreclosures would let lenders off the hook both financially and legally.
The Season of Our Disillusionment
Dec 25, 2012 During the December holidays I feel the urge to watch old black and white movies, preferably those starring Jimmy Stewart. This year, "It's a Wonderful Life" is too painful, a reminder of what we used to be but aren't anymore.
BofA Pays $2.43 Billion to Settle Merrill Lynch Suit
Sep 28, 2012 Rather than fight its way through court, Bank of America has dipped into its “litigation reserves” to settle a shareholder lawsuit over the dubious methods it used to acquire Merrill Lynch as the credit crisis ramped up.
Update: 25 People at the Heart of the Meltdown
Aug 7, 2012 At the height of the financial crisis, The Guardian identified 25 bankers, economists, politicians and financial officials who helped bring about the worst economic crisis since the Great Depression. What are they up to now?
Truthdigger of the Week: Ex-TARP Investigator Neil Barofsky
Aug 5, 2012 In late 2008, Neil Barofsky was appointed the Treasury Department’s investigator of the bank bailouts. In the time since, he has suffered dismissal and deprecation from his colleagues and the corporations they're supposed to regulate.Since he was appointed to investigate the bank bailouts in 2008, Neil Barofsky has suffered dismissal and deprecation from his colleagues and the banks they're supposed to regulate.
To Catch a Bankster
Jul 21, 2012 Traditional investigations by regulators of all the suspect hanky-panky in the banking industry have produced nothing in the way of fundamental reform and protected the worst repeat offenders. So why not bribe big bankers to turn one another in?
Overdrafts: The Banking Penalty That Just Won’t Die
Jun 10, 2012 Despite the 2010 update to the Electronic Fund Transfer Act, which was intended to protect customers from ghastly overdraft fees, customers who for whatever reason fail to get the necessary protection -- and complicated contract language on the part of banks is certainly one of them -- are still getting plowed with high penalties when they overdraw.Coal, Foreclosures and Bank of America’s ‘Extraordinary Event’
May 10, 2012 Shareholder meetings can be routine, unless you are Bank of America, in which case it may be declared an "extraordinary event."Matt Taibbi: Bank of America ‘Too Crooked to Fail’
Mar 22, 2012 Rolling Stone reporter Matt Taibbi joins "Democracy Now!" to discuss the dual history of Bank of America and the deregulation of banking ownership in the United States and to expose the holes in the $26 billion settlement deal that President Obama said would provide relief for American homeowners.
Banks Pay Bupkis for Roles in Crisis
Mar 8, 2012 Bank of America: $11.9 billion; JPMorgan: $5.44 billion; Wells Fargo: $4.35 billion. These are the fines the banks have paid so far in settlements to the government for wrongdoing amid the financial crisis.
