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How the financial crisis happened: The contribution of regulatory failure

Michael Lewis’ piece (via Truthout:

The reporter, Jake Bernstein, has obtained 46 hours of tape recordings, made secretly by a Federal Reserve employee, of conversations within the Fed, and between the Fed and Goldman Sachs.

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Mortgage Crisis

The Agenda: Wednesday August 27, 2014

Today’s Agenda

Bank of America pays $16.65 billion to settle 'toxic mortgage' claims

WASHINGTON (AP) — The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday. 854 more words

Business

The market thinks Bank of America's mortgage nightmare is almost over

Is the worst behind Bank of America? Its shareholders seem to think so. The bank’s stock is up nearly 2% today, after it announced a long-awaited settlement… 201 more words

Madigan: Illinois To Get $300M From Settlement With Bank Of America

CHICAGO (AP) – Illinois Attorney General Lisa Madigan says the state will receive $300 million in its share of a national settlement with Bank of America. 126 more words

News