The co-CEO of the Pacific Investment Management Company, which currently employs former TARP head Neel Kashkari — whose job it was to rescue the U.S. economy — is no longer as in love with the Treasury as he once was. Today, and despite the deepening concerns about a More…
An investigation out today from the Center for Public Integrity details the nearly $370 million spent by top subprime lenders over the past decade to fend off regulation in Washington. While that’s disturbing enough, the study make clear that some of the major banks being bailed out by taxpayers More…
A longtime analyst for mortgage giant Freddie Mac who served as acting Chief Financial Officer since the firm was taken over by the federal government ast September was found dead in his suburban Virginia home, after an apparent suicide, The Washington Post reports. David Kellermann became CFO after the More…
PHOENIX—Lost amid the Senate’s Wednesday night passage of a $700-billion Wall Street bailout plan was an effort by Sen. John McCain and others to “fix” an accounting rule that they believe has helped create the crisis.
The Securities and Exchange Commission and the Financial Accounting Standards Board, or FASB, on More…
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