Newsroom Headlines

  August 7, 2009 Senate Adds Cash to ‘Clunkers’ Plan The Senate voted (60-37) to provide another $2 billion for the “cash for clunkers” program yesterday, keeping it alive through the month of August

  August 6, 2009 U.S. Considers Remaking Mortgage Giants The Obama administration is considering an overhaul of Fannie Mae and Freddie Mac that would strip the mortgage finance giants of hundreds of

  August 5, 2009 Senators Hint at More Regulatory Consolidation Against a backdrop of agency heads fighting to protect their turf, some key Senate Banking Committee members raised the specter of even

  August 4, 2009 Senator Ready to Push Mortgage Cramdown Measure Again Senate Majority Whip Dick Durbin (D-Ill.) yesterday repeated a pledge to push for a cramdown measure allowing bankruptcy judges

  August 3, 2009 Autos PBGC to Assume $153 Million of Metaldyne Pension Plan The Pension Benefit Guaranty Corp. announced on Friday that it is assuming responsibility for $153 million of the pension

  July 31, 2009 Big Banks Paid Billions in Bonuses Amid Wall Street Crisis; House Set to Vote on Executive Pay Bill Today Thousands of top traders and bankers on Wall Street were awarded huge bonuses

  July 30, 2009 Mortgages Cramdown Proposal May Be Revived to Boost Mortgage Relief House Financial Services Committee Chairman Barney Frank (D-Mass.) yesterday threatened to revive the mortgage

  July 29, 2009 SEC Sues Four Promoters over $197 Million Mortgage Lending Scheme The U.S. Securities and Exchange Commission (SEC) has sued four individuals for allegedly raising $197 million from

  July 28, 2009 U.S. Effort to Modify Mortgages Falters An Obama administration effort to reduce home foreclosures by lowering the mortgage payments of struggling borrowers before they fall behind is

  July 27, 2009 House Panel to Examine Issue of Medical Debt The House JudiciarySubcommittee on Commercial and Administrative Law will hold a hearing tomorrow at 11 a.m. ET titled, “Medical Debt – Is