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Timothy Mayopolous, former general counsel of Bank of America, Brian Moynihan, president of consumer and small business banking at the Bank of America Corporation; Charles "Chad" Gifford, member of the Bank of America Board of Directors, and Thomas May,...
Tags: america board, Bank of American, Bank of America Corporation, house oversight, federal bailout, Washington, Merrill Lynch, Capitol Hill, reform committee, government reform, United States House Committee on Oversight and Government Reform, Bailout, Federal Reserve System, Primary dealers, Bank of America, Business Finance
Republicans and Democrats on the House Oversight and Government Reform Committee agreed Friday night on language for a wide-reaching subpoena of Countrywide Financial’s VIP lending program that will investigate allegations of influence peddling at all...
Tags: housing oversight, Countrywide Financial Corp., House, Edolphus Towns, reform committee, government reform, Countrywide Financial Corporation, U.S, vip program, mortgage lender
A House committee today defeated Gov. Mitch Daniels' local government restructuring package during a disorganized meeting that prompted Republicans to walk out even before the vote was finished. Majority Democrats had piled all of Daniels' proposals...
Tags: An Indiana House, local government, House Committee, government reform, Courier & Press Indianapolis, Indiana General Assembly, house panel, house government, Mitch Daniels, reform committee
The system for assigning credit ratings to complex mortgage derivatives, which handed out gold-plated ratings to investments that have turned out to be worthless, was damned as "nuts" and as having created "a monster" – and that was just by senior employees...
Tags: rated agency, credit rated, house oversight, government reform, financial meltdown, investors rely, reform committee, warning signs, objective assessments
Gulf Stream, the main supplier of travel trailers for displaced victims of Hurricane Katrina, knew of high levels of formaldehyde in some of the trailers, but did not tell anyone because it regarded the situation as a public relations and legal matter,...
Tags: Hurricane Katrina, hurricanes katrina, trailers makers, Katrina Trailers Went Undisclosed, Gulf Stream Coach Inc., housing oversight, katrina victims, Indiana, reform committee, government reform