-
New Century executives charged with civil fraud
Monday, December 7, 2009 � by eric
In January 2007, a New Century executive told California lawmakers everything was fine–and then the situation turned ugly. The SEC charged three New Century execs with fraud today.
-
Banking lobby spent its way around regulation
Monday, September 21, 2009 � by eric
Banks and other corporations most heavily involved in the subprime mortgage industries spent $58 million in campaign contributions and lobbying in Sacramento, all in an effort to keep state regulators off their backs and weaken proposals to curb risky lending.