Posts with tag carl levin

Two of the most abusive practices that helped inflate the housing bubble -- stated income loans and broker bonuses for steering people to more expensive loan programs -- were harpooned by the U.S. Senate on Wednesday. The Senate passed an amendment to the financial reform legislation by a vote of 63 to 36. The amendment... Continue Reading »

Of all the wing-tipped execs that have been paraded before government officials investigating the roots of the financial crisis, the former Washington Mutual executives are surely among the most shameful. Tuesday's all-day Senate hearing, conducted by Sen. Carl Levin, aired enough dirty laundry to stink up all of Capital... Continue Reading »