Former President Clinton's proposal to spend money from bank fines on infrastructure has been widely ignored. But it may help Americans feel the fines are serving a real purpose.
Pershing Square Capital Management and three other common shareholders in Fannie Mae and Freddie Mac unveiled their lawsuit against the U.S. and the two Government Sponsored Enterprises on Thursday.
Fannie Mae and Freddie Mac common shareholders led by investor Bill Ackman’s Pershing Square Capital Management will on Friday file the latest of many lawsuits against the federal government.
The MLP structure no longer made sense for Kinder, but may yet again in the future.
States such as Florida and Nevada that were hardest hit by the mortgage crisis will again miss out on cash payments in an expected settlement for more than $16 billion.
California Attorney General Kamala Harris is showing her hand as Morgan Stanley faces off against a powerful federal and state mortgage task force.
Aggressive enforcement by Democratic attorneys general led to big payouts for five states in recent multibillion dollar settlements with JPMorgan and Citigroup.
The mortgage settlement with JPMorgan and four other banks included very little cash and led one Bronx woman down a circuitous, two-year path before her loan could be modified.
Rebecca Mairone, a mid-level Countrywide executive in a hurry in 2007 and 2008, will pay the government $1 million and face a public shaming that may be difficult to overcome.
The Blackstone Group and Skadden tried to advise the U.S. Treasury Department on its stake in mortgage giants Fannie and Freddie in 2011, according to court documents.