Archive for: Treasury Department

Secret Documents Show Weak Oversight of Key Foreclosure Program

. . . . . You can pause intro music down below. Secret Documents Show Weak Oversight of Key Foreclosure Program . Piggybankblog posted on 11/08/12 Cross linked with propublica.org . The Obama administration launched its main program to prevent foreclosures in the spring of 2009 with $50 billion and abundant promises. What the Home […]

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The Biggest Kiss: How Neither Political Party Wants to Break Up the Biggest Banks

. . . .. You can pause intro music down below. Neither Political Party Wants to Break Up the Biggest Banks . Piggybankblog posted 10/08/12 Cross linked with huffingtonpost.com Neither Mitt Romney and the Republicans nor President Obama and many Democrats favor breaking up the big banks, the best way to prevent another taxpayer bailout […]

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Former FDIC head Sheila Bair: ‘Covering up for Citigroup’s problems’ drove much of the bailout

. . . .. You can pause intro music below. ‘Covering up for Citigroup’s problems’ drove much of the bailout . Piggybankblog posted on 09/27/12 Cross linked with current.com Sheila Bair, former chairwoman of the Federal Deposit Insurance Corporation (FDIC), talks to “Viewpoint” host Eliot Spitzer about why the financial collapse happened and whether the […]

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Piggybankblog Posts — Mortgage Cops Taking Tough Stance! They're Looking For You The Homeowner To Go After! Really?

. . . .. You can pause intro music below. Mortgage Cops Taking Tough Stance . Piggybankblog posted on 09/24/12 Cross linked with chicagotribune.com . Strategic defaulters, beware. The feds are coming for you. And they are not happy. Not the FBI. The Office of the Inspector General at the Federal Housing Finance Agency. The […]

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Mortgage Cops Taking Tough Stance

. . . .. You can pause intro music down below. Mortgage Cops Taking Tough Stance . Piggybankblog posted on 09/15/12 Cross linked with chicagotribune.com Strategic defaulters, beware. The feds are coming for you. And they are not happy. Not the FBI. The Office of the Inspector General at the Federal Housing Finance Agency. The […]

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Obama Housing Program Hits Milestone: 1 Million Failed Mortgage Modifications

. . .   .. You can pause intro music down below. 1 Million Failed Mortgage Modifications . Piggybankblog posted on 09/14/12 Piggybankblog posted picture  huffingtonpost.com WASHINGTON — President Barack Obama said in 2009 that a new program to fight foreclosures would help as many as 4 million struggling homeowners obtain mortgage modifications that would […]

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Foreclosures Rise In August; Banks Continue Offering Mortgage Aide

. . .   .. You can pause intro music down below. Foreclosures Rise In August; Banks Continue Offering Mortgage Aide . Piggybankblog posted on 09/13/12 Cross linked with jobshire.com Jobless claims continue to rise and Americans are finding it more and more difficult to pay for their homes. Foreclosure filings rose in August as […]

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Piggybankblog Posted AIG bailout profits came with a price

. . .   .. You can pause intro music down below. AIG bailout profits came with a price . Piggybankblog posted on 09/13/12 Piggybankblog posted picture Cross linked with marketwatch.com SAN FRANCISCO (MarketWatch) — As the government readies what will be the biggest sale of American International Group Inc. stock since it bought the […]

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When It Comes to the DoJ and Wall Street, Don't Call It "Justice"

. . .   .. You can pause intro music down below. When It Comes to the DoJ and Wall Street, Don’t Call It “Justice” . Piggybankblog posted on 09/12/12 Piggybankblog posted picture Cross linked with huffingtonpost.com If a recent report is true the Justice Department will need a new name — and some of […]

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Piggybankblog Posted Banks' Disorganization Pushed 800,000 Homeowners Into Unnecessary Foreclosure: ProPublica

. . .   .. You can pause intro music down below. Banks’ Disorganization Pushed 800,000 Homeowners Into Unnecessary Foreclosure . Piggybankblog posted on 09/11/12 Piggybankblog posted picture Cross linked with huffingtonpost.com Over the past several years, we’ve reported extensively on the big banks’ foreclosure failings. As a result of banks’ disorganization and understaffing — […]

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