The settlement closes the chapter on the last investigation by a Justice Department task force on the role financial firms played in the collapse of the housing market in 2008.
Category: Subprime Mortgage Crisis
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Angelo Mozilo, Whose Mortgage Giant Fell in Housing Bust, Dies at 84
He built Countrywide Financial into the country’s largest mortgage lender, but its increasingly risky loans helped precipitate the 2008 financial crisis.
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Former Fed Chair Ben Bernanke on Inflation, Bank Runs and More
The former Fed chairman shared his thoughts with our columnist.
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Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank
The New York Times – Business:The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.
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Will the Fed Keep Tightening as Banks Fail?
The New York Times – Business:By quietly shedding billions in assets, the Fed is making conditions tighter for banks, home buyers and investors, our columnist says.
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Why Are Middle-Aged Men Missing From the Labor Market?
The New York Times – Business:Men ages 35 to 44 are staging a lackluster rebound from pandemic job loss, despite a strong economy.