banking crisis

Money Matters
5:00 am
Tue June 12, 2012

Can we regulate our way out of the financial crisis?

The Glass-Steagall Act may have been repealed in 1999, but the FDIC, which it created, lives on.
Adam Fagen flickr.com

When it comes to assigning blame for the 2008 financial meltdown, some fingers are pointing at the 1999 repeal of the Glass-Steagall Act. But others aren’t so sure.

Financial commentator Greg Heberlein and KPLU’s Dave Meyer look at banking regulations on this week's Money Matters.

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Real Estate Law
7:05 am
Mon April 18, 2011

Appraisers upset as big banks drag feet on new regulations

Bad appraisals contributed to problems that led to the wave of foreclosures that has swept the nation. But regulations meant to fix them aren't working, according to many in the industry. They're demanding more intervention by the feds.
File photo

Despite the massive fraud that has emerged as the U.S. tries to dig itself out of the foreclosure mess at the heart of the great recession, there are still huge numbers of honest folks working in the real estate business. 

That's according to professional appraisers in Washington state, dozens of whom have signed an on-line petition. 

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Real Estate
9:35 am
Fri April 15, 2011

Relief for strapped borrowers: "Foreclosure Fairness" is now law

Emergency measures in a new law go into effect immediately, creating the infrastructure needed to get more housing counselors working with banks and preventing people from losing their homes.

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Bank Failure Fallout
3:14 pm
Thu March 17, 2011

FDIC sues 3 former top executives of failed WaMu

Kerry Killinger, former Washington Mutual Bank president, chief executive office and chairman of the board, testifies on April, 2010 before a Senate subcommittee.
Cliff Owen AP

Federal bank regulators have sued three former top executives of Washington Mutual (WaMu), the biggest U.S. bank ever to fail, accusing them of negligence in allowing risky mortgage lending and seeking $900 million in damages.

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Street Cents
5:17 am
Tue March 1, 2011

Walking away from a mortgage

An abandoned home in Prescott, Arizona, one of the areas with a high foreclosure rate, according to Richard Hagar.
Richard Hagar

It's happening all over the country, including in the Pacific Northwest. People are walking away from their mortgages. In most cases, the homes that are being abandoned are valued for less than their mortgage. 

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Bank Failure Fallout
8:08 am
Tue February 22, 2011

WaMu execs face federal lawsuit

Kerry Killinger, former Washington Mutual Bank president, chief executive office and chairman of the board, testifies on Capitol Hill in Washington.
Cliff Owen AP Photo

Several former Washington Mutual executives have been notified by the federal government that they'll be sued over their role in the collapse of the Seattle-based bank.

The Puget Sound Business Journal reports that sources familiar with the suit say the Federal Deposit Insurance Corporation intends to seek more than a billion dollars in damages.

To be named in the suit are:

  • Kerry Killinger, former WaMu CEO 
  • Steve Rotella, former president and chief operating officer 
  • David Schneider, former head of the bank’s home load division

All three executives have denied wrongdoing.

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