Rep. Maxine Waters (D-Calif.) will face a House ethics trial over allegations that she intervened to encourage the bailout of a bank her husband owned stock in. Waters sits on the House Financial Services Committee, and is the head of its housing and community opportunity subcommittee.
The More…
Politico’s Morning Money has the text of a memo by Rep. Barney Frank (D-Mass.), outlining his plans for the upcoming conference committee to reconcile the House and Senate financial regulatory reform bills. Frank, who is heading the committee, apologizes to the members who will not make it on and 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.
Tomorrow, the House Financial Services Committee, headed by Rep. Barney Frank (D-Mass.), starts a series of hearings on mortgage modification and the housing market. The schedule is as follows:
Despite yesterday’s bipartisan Senate vote on a $15 billion jobs bill, Republicans on Capitol Hill have been pretty much united in their condemnation of additional deficit spending as a remedy to the nation’s entrenched jobs crisis.
“The time has come,” Rep. Spencer Bachus (R-Ala.) said this week, “to More…
Bloomberg takes a hard look at the lobbying fight over financial regulatory overhaul and concludes that despite last week’s passage of a financial regulatory overhaul package by the House, the banks won — simply by not losing as badly as they once thought they might. Their aggressive lobbying More…
It was last December when Julio Angulo ignored the bitter cold and sat on a rusted patio chair in the front yard of his foreclosed home in suburban Manassas, Va. He sighed, resting his hand on his knee. He stared despondently at the sky. His lender had foreclosed on his More…
On the heels of our report detailing short-sale flipping and other kinds of mortgage fraud that are on the rise, the Federal Housing Administration plans to announce it will tighten lending standards to try to stem rising defaults.
The Washington Post reports Housing and Urban Development Secretary Shaun More…
The finance industry, seeming to forget that it was responsible for the economic turmoil that’s pushed unemployment above 10 percent, is lobbying furiously (and successfully) against Democratic legislation designed to protect consumers and prevent a similar episode in the future.
Yesterday, industry representatives held More…
Treasury Secretary Tim Geithner got an earful last week from House Democrats wary of the White House proposal to pay for government rescues of Wall Street firms by taxing healthy competitors only after Washington steps in. The critics want companies to pre-pay instead into a kind of sitting More…
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