With mounting evidence of robo-signing and other alleged fraud perpetrated by banks, foreclosure law firms and others, Fannie Mae and Flagstar Bank have filed a new defense of such actions in Ingham County Circuit Court — and Ingham County Register of Deeds Curtis Hertel, Jr. is crying foul.
Can a single ad tip an election? After a rocky primary victory, businessman Rick Scott (R) has been narrowly leading Florida CFO Alex Sink (D) in the state’s gubernatorial race, but an ad cut with funding from the Democratic Governors Association could prove devastating for his chances among those More…
Today — coincidentally or not, the day Congress passed sweeping legislation reforming the regulation of Wall Street banks — the Securities and Exchange Commission announced it has settled with investment bank Goldman Sachs. For misinforming foreign investors about a complex credit-default swap product designed to fail by a More…
Washington is buzzing with the various testimonies and commissions ongoing today. Watch Fed Chairman Ben Bernanke and other speakers at the National Commission on Fiscal Responsibility and Reform, the president’s deficit commission, live here. And watch Sen. Carl Levin’s (D-Mich.) Senate Permanent Subcommittee on Investigations interrogate Goldman Sachs executives More…
Tomorrow, the House Financial Services Committee, headed by Rep. Barney Frank (D-Mass.), will hear testimony regarding the Valukas Report — a lawyer’s examination of the collapse of the investment bank Lehman Brothers, which uncovered fraudulent actions, including the now-infamous “Repo 105” accounting trick.
On Friday, the Securities and Exchange Commission made a bombshell announcement: It is charging Wall Street giant Goldman Sachs with civil fraud for failing to reveal to clients that a hedge fund shorting the housing market had engineered the product they were purchasing to fail.
It seems that might More…
On Friday, The Wall Street Journal revealed that major Wall Street banks regularly use repurchase-agreement, or repo, transactions to reduce their debt levels and leverage shortly before reporting their quarter-end data. The revelations came after the Valukas Report showed that failed investment bank Lehman Brothers used a type of More…
The Supreme Court is set to hear three big cases charging that the anti-corruption laws are too vague and recent high-level prosecutions under them must be struck down.
The law at issue, an amendment to the Wire and Mail Fraud Act of 1988, makes it illegal for More…
Even as Michaele and Tareq Salahi try to sell their story to the highest media bidder, it looks like America’s most successful party crashers may get more than the money and reality show they were after. CBS reports they may soon be facing criminal charges. Secret More…
More from today’s funtime White House presser. Jake Tapper of ABC asked Robert Gibbs about the Afghanistan election:
TAPPER: President Obama last month in Pittsburgh said, of the Afghan elections and the aftermath, “What’s most important is that there’s a sense of legitimacy in Afghanistan among the Afghan
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