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It isn't often that public outrage peaks so close to an election, but this is a rare moment in history when "we the people" can exact a price from the political leadership that has duped, scammed and lied to them, contributing mightily to the current financial mess. ...more
September 26, 2008
The FBI on Tuesday said it is investigating 14 companies for possible accounting fraud, insider trading or other violations in connection with home loans made to risky borrowers. ...more
January 30, 2008
Authorities in New York and Connecticut are investigating whether Wall Street banks hid crucial information about high-risk loans bundled into securities that were sold to investors, Connecticut's Attorney General said Saturday. ...more
January 13, 2008
Mortgage insurer MGIC Investment Corp. abandoned its $5 billion bid to buy rival Radian Group on Wednesday, saying it was in each other's best interest to concentrate on surviving in the faltering mortgage industry. ...more
September 6, 2007
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