Staff / TruthdigJun 10, 2011
In a startling move, the Obama administration is holding three major banks -- Wells Fargo, Bank of America and JPMorgan Chase -- accountable for their bad lending habits on the mortgage market, cutting off funds from the Home Affordable Modification Program until they shape up. Dig deeper ( 1 Min. Read )
Staff / TruthdigMay 15, 2011
Investigators at the United States Trustee Program, which oversees U.S. bankruptcy cases, are collecting mountains of evidence that show that banks industrywide are hurrying huge numbers of borrowers out of their homes prematurely, based on false loan repayment claims. (more) Dig deeper ( 2 Min. Read )
Staff / TruthdigFeb 4, 2009
What's a bunch of Wells Fargo bigwigs to do now that their struggling bank has gotten a whopping $25 billion from the federal government? Two words: Vegas, baby. Update Dig deeper ( 1 Min. Read )
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Staff / TruthdigNov 11, 2008
Perhaps we should be more surprised than we are by the news that Treasury Secretary Henry Paulson and his DOT crew managed to sneak a handful of sentences into the approved bailout bill that amounted to a $150-billion "quiet windfall" for American banks, as The Washington Post put it. Dig deeper ( 2 Min. Read )
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