Eugene Robinson / TruthdigAug 25, 2015
If the global swoon in stock prices were to turn into something more serious, which candidates would benefit? Dig deeper ( 3 Min. Read )
Alexander Reed Kelly / TruthdigJul 21, 2012
Banks gave money to needy college students without considering whether borrowers could repay, then bundled and resold the loans to avoid losing money when students defaulted -- lending practices that mirror the run-up to the subprime mortgage crisis. Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 28, 2012
Did you know that it was actually jumping gas costs, and not deceptive lending practices on the part of mortgage financiers and deregulation madness on Wall Street, that got us into the recessionary quandary in which the majority of Americans still find themselves? Dig deeper ( 1 Min. Read )
Join our newsletterStay up to date with the latest from Truthdig. Join the Truthdig Newsletter for our latest publications.
Staff / TruthdigFeb 9, 2012
On Thursday, state and federal government representatives announced that five major banks -- Wells Fargo, Bank of America, Ally Financial, Citigroup and JPMorgan Chase -- had agreed to pay their part in a settlement of more than $25 billion stemming from the mortgage market meltdown that caused millions of Americans to lose their homes.On Thursday, state and federal government representatives announced that five major banks had agreed to pay their part in a settlement of more than $25 billion stemming from the mortgage market meltdown. Dig deeper ( 1 Min. Read )
By Cora Currier, ProPublicaFeb 8, 2012
Fannie and Freddie are required to help homeowners while earning profits so they can pay back the taxpayers who bailed them out. Here is our guide to the little-known federal regulator, Edward DeMarco, ultimately in charge of the two companies. You may have never heard of him, but as The Washington Post put it, he’s “the most powerful man in housing policy.” Dig deeper ( 4 Min. Read )
Staff / TruthdigJan 31, 2012
A joint investigation by NPR and ProPublica has rustled up some disquieting trading practices on the part of Freddie Mac that suggest the taxpayer-run mortgage company hasn't exactly done its darndest to help struggling Americans hold on to their homes -- in fact, the opposite may be more the case. Dig deeper ( 1 Min. Read )
Staff / TruthdigDec 17, 2011
It's a start, but let's hope Friday's fraud charges against six former higher-ups at Fannie Mae and Freddie Mac don't represent the only attempts that the Securities and Exchange Commission will make to hold financial executives responsible for the disastrous economic mess that's still upon us. Dig deeper ( 1 Min. Read )
Staff / TruthdigDec 10, 2011
It's all too rare that a mainstream news network goes after just the sort of financial heavy hitters that tend to have ties to their own corporate sponsors, but thankfully, that's what CBS News' "60 Minutes" did last weekend with the help of two principled mortgage specialists. Dig deeper ( 2 Min. Read )
Robert Scheer / TruthdigMar 30, 2011
Maximizing corporate profits at taxpayers' expense is what top CEOs are good at, and after all it was Jeffrey Immelt who presided over GE when it got so heavily into the subprime mortgage business that it needed a government bailout to avoid bankruptcy. This was before Obama made him a trusted adviser.Overdrive, with CEOs like GE's Jeffrey Immelt shifting the gears, is what brought us so close to the brink. Dig deeper ( 4 Min. Read )
Staff / TruthdigJan 11, 2011
Despite drawing the wrong kind of attention to themselves over the last two-plus years with news of murky dealings in "structured products" and concern over the bank's role in the subprime mortgage crisis, execs at Goldman Sachs apparently . Dig deeper ( 2 Min. Read )
Staff / TruthdigOct 22, 2010
So, remember that whole bailout thing that began a couple of years ago? It's not over yet, at least not when it comes to those delinquent housing giants Fannie Mae and Freddie Mac According to new government projections, the Fannie and Freddie bailout fiasco could (continued). Dig deeper ( 1 Min. Read )
Staff / TruthdigOct 8, 2010
"The large print giveth and the small print taketh away," as one wise troubadour put it, and luckily for struggling homeowners, President Obama took a good look at a bill that had cleared Congress and flexed his executive powers to send it back Thursday. Dig deeper ( 1 Min. Read )
Join our newsletterStay up to date with the latest from Truthdig. Join the Truthdig Newsletter for our latest publications.
Now you can personalize your Truthdig experience. To bookmark your favorite articles and follow your favorite authors, please login or create a user profile.
Now you can personalize your Truthdig experience. To bookmark your favorite articles and follow your favorite authors, upgrade to supporter.