| Jun 26, 2013
WASHINGTON — Nearly five years ago, the subprime meltdown triggered a huge taxpayer bailout of housing finance giants Fannie Mae and Freddie Mac.
Now a bipartisan group of senators has launched the most comprehensive effort yet to clean up the...
| Oct 1, 2013
| 8:23 PM
WASHINGTON — The effect of the partial government shutdown began hitting businesses Tuesday, with the potential for bigger problems if federal agencies remained closed more than a few days.
A budget stalemate left many agencies with no money,...
| Aug 16, 2013
| 6:49 PM
WASHINGTON — You may have seen two sets of news reports recently that didn't quite add up: First, President Obama called for the liquidation of Fannie Mae and Freddie Mac, the country's largest providers of funds for home mortgages. Then, Fannie Mae...
| Jul 10, 2013
| 8:21 AM
When Republicans invite a Democrat to testify at a congressional hearing and Democrats invite a Republican, we should pay attention. Such cross-partisan connections aren't common and typically indicate that congressional leaders are trying to answer...
| Jul 9, 2013
| 10:02 AM
WASHINGTON -- The nation's eight largest banks would have to meet tougher leverage limits than required under international standards as part of new rules proposed Tuesday by federal regulators designed to protect taxpayers from another financial crisis....
| Aug 20, 2013
| 6:49 AM
WASHINGTON -- The nation's largest banks are trying to scare the public about the impact of tougher capital requirements proposed by U.S. regulators, a top Federal Deposit Insurance Corp. official said Tuesday.
Requiring the eight largest banks to...
| Aug 21, 2013
| 8:44 AM
WASHINGTON -- The Federal Reserve could start reducing its bond-buying program next month, but won't raise its near-zero short-term interest rate until at least 2016 -- a year later than current central bank projections suggest, Pimco Chief Executive...
| Aug 21, 2013
| 1:48 PM
The New Regal Theater, a historic landmark on Chicago’s South Side and in the past one of the city’s most important centers for African-American entertainment, has a pending contract, spokesman Greg Hernandez for the Federal Deposit...
| Jul 9, 2013
| 9:23 PM
WASHINGTON — The nation's eight largest banks would have to meet tougher financial ratios than required under international standards as part of proposed rules designed to protect taxpayers from another financial crisis.
Under the plan, Bank of...
| Jul 2, 2013
| 1:01 PM
Last week: Florida has the largest number of homes in some state of foreclosure in the nation. CoreLogic reports Florida has 8.8% of the foreclosures nationwide. One reason given is the process we use. Our cases are handled in the courts as opposed...
| Jul 12, 2013
| 6:29 PM
WASHINGTON — Sen. Elizabeth Warren has launched a campaign to make banks boring again as she pushes legislation to enact stricter regulations forcing deposit-taking financial institutions out of the investment business.
| Oct 17, 2013
| 7:53 AM
The other day we examined a claim by the New York Times that Jamie Dimon, the chairman and chief executive of the serial lawbreaking bank company JPMorgan Chase, was supported in his job by "the people who matter" -- defined as "investors, analysts, board...