U.S. Securities and Exchange Commission

Bank of America sued over mortgage abuses

Bank of America sued over mortgage abuses

The states of Arizona and Nevada sued Bank of America Corp on Friday, accusing the largest U.S. bank of routinely misleading consumers about home loan modifications. The two lawsuits, filed by each state attorney general in Arizona and Nevada state courts, seek potentially massive fines against the bank and compensation for customers. Arizona accuses Bank […]

Porn surfing by SEC execs draws GOP ire

Porn surfing by SEC execs draws GOP ire

Republicans are stepping up their criticism of the Securities and Exchange Commission following reports that senior agency staffers spent hours surfing pornographic websites on government-issued computers while they were supposed to be policing the nation’s financial system. California Rep. Darrell Issa, the top Republican on the House Oversight and Government Reform Committee, said it was […]

Did Goldman-Sachs buy the Obama White House?

Did Goldman-Sachs buy the Obama White House?

While lawyers for Goldman Sachs worked overtime to avoid civil fraud charges from the Securities and Exchange Commission, the firm’s CEO visited the White House four times. In addition, the company’s political action committee, employees and relatives of employees dumped close to a million dollars into Obama‘s 2008 Presidential campaign and CEO Lloyd Blankfein was […]