And Now for a Little Good News About the Economy

Kasia Anderson / Truthdig Jul 30, 2014 The Federal Reserve released some positive news Wednesday about the state of the U.S. economy, pointing to better figures than expected in the second quarter of 2014 while registering ongoing concern about unemployment. Dig deeper ( 1 Min. Read )

The Empire Strikes Back

Staff / Truthdig Nov 27, 2013 A whole new get-rich-quick scheme is brewing beneath the fanfare of the nation's hyped housing recovery. Dig deeper ( 11 Min. Read )

JPMorgan Chase Examined for Mortgage Wrongdoing

Alexander Reed Kelly / Truthdig Aug 8, 2013 In a quarterly regulatory filing Wednesday, the nation's biggest bank revealed that it faces a criminal and civil investigation into "whether it sold shoddy mortgage securities to investors in the run-up to the financial crisis" between 2005 and 2007. Dig deeper ( 2 Min. Read )

2012: Bonuses for the Bull

Alexander Reed Kelly / Truthdig Feb 26, 2013 While profits tripled and layoffs commenced in the banking industry last year, Wall Street divided at least $20 billion in gifts made of cash and stock among its employees. Dig deeper ( 1 Min. Read )

Government Lawsuits Against Big Banks Are a Go

Staff / Truthdig Sep 3, 2011 Federal regulators filed lawsuits against 17 financial institutions Friday afternoon for allegedly misrepresenting the poor quality of mortgage securities they sold to Fannie Mae and Freddie Mac at the height of the housing bubble. (more) Dig deeper ( 1 Min. Read )

U.S. Agency Set to Sue Big Banks on Mortgage Deals

Staff / Truthdig Sep 2, 2011 The Federal Housing Finance Agency is set to file lawsuits against more than a dozen big banks for allegedly misrepresenting the quality of mortgage securities they were assembling and peddling at the height of the housing bubble. (more) Dig deeper ( 1 Min. Read )

N.Y. Attorney General Wants Answers From Big Banks

Staff / Truthdig May 17, 2011 Homing in on mortgage-backed securities, New York Attorney General Eric Schneiderman has requested records from Bank of America, Morgan Stanley and Goldman Sachs as part of a broad investigation into the causes of the financial meltdown of 2008. (more) Dig deeper ( 1 Min. Read )

Former AIG Exec May Be Off the Hook

Staff / Truthdig May 22, 2010 People close to the case are claiming that AIG executive Joseph Cassano will not face federal charges related to allegations that he misled investors over the company's handling of mortgage-related securities prior to the economic crash and subsequent Wall Street bailout. Dig deeper ( 1 Min. Read )

Goldman’s Hand in AIG’s Collapse

Staff / Truthdig Feb 7, 2010 Recently disclosed internal documents and an audio recording regarding a 2008 securities standoff between Goldman Sachs and insurance giant AIG appear to be the smoking guns necessary to pinpoint Goldman's culpability in the mortgage meltdown and the collapse of AIG. Dig deeper ( 1 Min. Read )

OK — So Where Did the Other Billions Go?

Staff / Truthdig Mar 16, 2009 In the face of mounting public outrage, AIG has revealed how it spent $75 billion of taxpayer money, a sum that amounts to less than half of the government's $170 billion bailout of the firm. AIG says it gave a sizable chunk of the money to banks, including foreign institutions, and spent a pretty penny to cover junk investments. Dig deeper ( 1 Min. Read )

Sex and the SEC

Staff / Truthdig Dec 20, 2008 Turns out that certain employees at the Securities and Exchange Commission weren't just asleep at the wheel, as it were, when they should have been paying more attention to Bernard Madoff's worrisome investment activities. Dig deeper ( 1 Min. Read )

Top Broker Busted for $50B ‘Ponzi Scheme’

Staff / Truthdig Dec 13, 2008 Here's yet another candidate for the expanding collection of Tales from the Dark Side of Wall Street (is there any other side?): The Wall Street Journal reported Friday that Bernard L. Madoff, a top trader for nearly five decades who has served as chairman of the Nasdaq Stock Market, was arrested this week after his sons turned him in for engineering an elaborate "Ponzi scheme." Dig deeper ( 1 Min. Read )