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Panel Told of F.B.I. Efforts to Fight Financial Crime
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Eric Holder Jr, the Attorney General of USA, told the Financial Crisis Inquiry Commisssion that the F.B.I. was investigating more than 2800 mortgage fraud cases. Of these 2800 cases, 1842 are classified as major cases, involving losses of more than $1 million. In addition federal charges are pending against 826 defendents. Lanny Breuer, assistant attorney general of the Justice Department's criminal division stated that the fraud cases included loan origination schemes, property flipping, foreclosure rescue schemes and loan modifications. Those accused of wrongdoing include real estate brokers, appraisers and bank insiders and "plain old fraudsters who gravitated to mortgage fraud." Sheila Bair in her opening remarks to the Financial Inquiry Commission, led by California state Treasurer Angelides, stated that it was necessary to find a way to breakup large banks without using the option of government support. Bair pointed out that the basic assumptions about financial supervision, credit availability and market discipline that were considered acceptable in the regulatory reform scheme for decades are now appearing seriously flawed. A whole reassessment was needed to change the existing mechanisms and methods. And she emphasized the serious distortions and imbalances in our national policies which moved away from savings to consumption, away from investment in our industrial base and public infrastructure toward housing, and away from real sectors of the economy towards the financial sector. Ms. Schapiro who heads the S.E.C. called for a stable , adequate funding to support the commission's work.
Sheila Bair at the FDIC lauded for her anticipation and comprehensive approach to the banking and credit crisis.
04/30/2008
Officials at the Bush administration credit Shelia Bair of the FDIC for anticipating the credit and banking crisis way ahead of others and for developing a comprehensive approach to tackle it.
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Phil Angelides.
01/09/2010
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Panel Investigating Financial Crisis to Question Bankers
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Panel Told of F.B.I. Efforts to Fight Financial Crime
New York Times 01/15/2010
S.E.C.
01/15/2010
The Securities and Exchange Commission. Its role in the financial crisis and efforts to focus the S.E.C. on regulation after a period of lax regulation. The SEC under Schapiro.
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Panel Told of F.B.I. Efforts to Fight Financial Crime
New York Times 01/15/2010
A Call for More Regulation at Fiscal Crisis Inquiry
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SEC's Top Cop Oversaw Deutsche CDOs
Wall Street Journal 04/24/2010
SEC Settles Firing Claim For $755,000
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SEC to Act Quickly on Risk Disclosure Rules
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SEC Enters Overdrive to Prepare for Overhaul
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Sheila Bair, chairwoman, FDIC
01/15/2010
Sheila Bair provides leadership in efforts to reform the seriously flawed American financial regulatory scheme. She heads the FDIC.
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The Power Behind the Throne at the Federal Reserve
New York Times 07/31/2013
Volcker Rule to Curb Bank Trading Proves Hard to Write
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Panel Told of F.B.I. Efforts to Fight Financial Crime
New York Times 01/15/2010
A Call for More Regulation at Fiscal Crisis Inquiry
New York Times 01/15/2010
Wall Street Journal 02/18/2011
Bair's Legacy: An FDIC With Teeth
Wall Street Journal 07/07/2011
S.E.C.'s failure in fraud prevention and supervisory role for financial institutions.
08/24/2009
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SEC's Top Cop Oversaw Deutsche CDOs
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Inside the End of the U.S. Bid to Punish Lehmann Executives
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S.E.C. Tension As It Examined Mortgage Cases
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Elizabeth Warren: One Way to Rebuild Our Institutions
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BofA Ruling Questions an SEC Weapon
Wall Street Journal 09/16/2009
Wall Street Journal 09/15/2009
The FBI and financial fraud
01/15/2010
The FBI investigates mortgage and other financial fraud after the finacial crisis of 2008-09.
Grouped Articles
Panel Told of F.B.I. Efforts to Fight Financial Crime
New York Times 01/15/2010
In Financial Crisis, No Prosecutions of Top Figures
New York Times 04/14/2011
Trial Win Adds to Momentum in Crackdown
Wall Street Journal 05/12/2011
Red Flags on NovaStarâs Mortgages Were Unheeded
New York Times 05/21/2011
New York Times 06/13/2011
Wall Street Journal 06/23/2011
The U.S. Financial Crisis Inquiry Commission
01/14/2010
Phil Angelides, California state Treasurer, heads the commission. The commission will attempt to get at the roots of the financial crisis, keep the public informed about why this happened, and bring those who violated laws to the attention of the nation's law enforcement agencies.
Grouped Articles
Panel Told of F.B.I. Efforts to Fight Financial Crime
New York Times 01/15/2010
Wall St. Ethos Under Scrutiny at Hearing
New York Times 01/14/2010
Few Burns for Four Bankers on the Hot Seat
New York Times 01/14/2010
Voices That Dominate Wall Street Take a Meeker Tone on Capitol Hill
New York Times 01/14/2010
Financial Inquiry Widens to Include Past Regulators
Wall Street Journal 01/14/2010
New York Times 01/15/2010
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