'Your papers, please' must never be heard in America
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How much drama can take place in boardrooms and on intra-agency phone conferences? Sheila Bair aims to find out in her financial-crisis memoir, "Bull by the Horns: Fighting to Save Main Street From Wall Street and Wall Street From Itself."
Counties across the United States are discovering that illegal or questionable mortgage paperwork is far more widespread than first thought, tainting the deeds of tens of thousands of homes dating to the late 1990s.
A year after the enactment of a sweeping Wall Street reform law, evidence is growing that it failed in its main mission of ending taxpayer bailouts of global banks considered "too big to fail."
Sheila Bair, a key government official during the 2008 financial crisis, has a book deal.
The number of U.S. banks at risk of failing made up nearly 12 percent of all federally insured banks in the first three months of 2011, the highest level in 18 years.
Guest lineup for the Sunday TV news shows:
Sheila C. Bair will step down as chairman of the Federal Deposit Insurance Corp. this summer, ending a five-year term in which she played a central role in fashioning the government's response to the 2008 global financial crisis.
The mortgage-servicing industry should fund a new commission to compensate homeowners who may have wrongly been kicked out of their homes, a top U.S. banking regulator said Wednesday.
Taxpayers and the federal government would be among the biggest losers if officials heed calls from some legislators and homeowners rights groups to stop millions of foreclosures across the country because of possible paperwork problems.
Federal regulators are insisting that banks share some risk when issuing the type of asset-backed securities that nearly toppled the financial system two years ago.
Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.
A lull in loan defaults this spring enabled the nation's banks to post their biggest quarterly industry profit in nearly three years, the Federal Deposit Insurance Corp. reported Tuesday.
The U.S. Office of Government Ethics is warning federal agencies against retroactively waiving ethics rules for federal employees who've taken actions that pose potential conflicts of interest.
Sheila Bair logged onto her e-mail account recently and got a pop-up ad offering a $175,000 home loan with monthly payments of only $400.
Ms. Bair writes that Mr. Geithner's appointment as Treasury secretary was a "punch in the gut" because she mistrusted Mr. Geithner's actions in his previous job as head of the Federal Reserve Bank of New York and viewed his failure to pay payroll taxes while at the International Monetary Fund as disqualifying.
"We do not yet really know the full extent of the problem," Ms. Bair said in written remarks to the Senate Banking Committee.
