"In our view, the balance still suggests a modest recession, particularly if the Federal Reserve maintains its focus on labor market tightness,” said Doug Duncan, SVP and Chief Economist for Fannie Mae.
Read More »Public Policy Think Tank Responds to FHFA Framework
A public policy institute takes on the FHFA’s proposed capital requirements for the GSEs. Click through to see its recommendations
Read More »Relaxation and Recalibration: Financial Regulators Shift Gears
A member of the Federal Reserve Board and other experts discuss changes in financial regulations and what they mean for the industry and consumers.
Read More »Then, Now, and Later
According to Fed Chair Janet Yellen, today's financial system is a safer one thanks, in large part, to the Great Recession—as well as the reforms that followed it. Read on to see Yellen's full remarks.
Read More »Lawmaker Presses FBI to Release Crisis-Related Files
One year has passed since the U.S. Department of Justice issued a memo stating they planned to prosecute individuals and not just firms for their roles in the crisis, but they have yet to do so—and one lawmaker is asking the FBI why.
Read More »A Contrasting Financial Picture 7 Years Post-Crisis
The Federal Reserve Board found that American families experienced continued mild improvement in their financial well-being in 2015, but many families were struggling financially and felt excluded from economic advancement.
Read More »How Did the Financial Crisis Change the Fed’s Role?
New York Fed President and CEO Bill Dudley discussed some of the regulatory responses to the crisis that changed the way the central bank supervises institutions, including changes brought on by Dodd-Frank.
Read More »Morgan Stanley Reaches $3.2 Billion Settlement for Toxic MBS
Morgan Stanley is the latest firm to settle federal and state probes concerning "deceptive" handling of mortgage-backed securities. The firm will be the fourth deal to be struck among big U.S. banks’ role in the 2008 financial crisis.
Read More »Morgan Stanley Settles Mortgage-Bond Suit With FDIC
Morgan Stanley is the latest institution to settle claims that the firm misrepresented residential mortgage-backed securities that were sold prior to the financial crisis in 2008.
Read More »DOJ May Target RBS, JPMorgan Executives for Criminal Roles in Financial Crisis
The U.S. may be following through on promise made a few months ago to target individual executives from the Royal Bank of Scotland and JPMorgan Chase for their alleged criminal role in financial crisis. In September, the Department of Justice issued a memo to all U.S. state attorneys general stating that it will pursue the prosecution of individuals whose actions brought on the Great Recession of seven years ago. The DOJ is reportedly standing by their word and pursuing criminal cases against executives at these two banking institutions for allegedly selling flawed mortgage securities after being warned by associates of their wrongdoings.
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