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Editorial Results (free)

1. Watchdog Blasts Obama Loan Relief Plan -

WASHINGTON (AP) — Lawmakers and a government watchdog on Thursday strongly criticized the Obama administration's loan assistance effort, saying officials rushed the program's creation last year and set up hundreds of thousands of homeowners for failure.

2. As Banks Gain, US Treasury Rethinks Bailout -

WASHINGTON (AP) – Big U.S. banks are roaring back.

At crisis’ edge last year, they are repaying billions of dollars dumped into their vaults to rescue them. Dividend checks are accumulating at the U.S. Treasury Department. Taxpayers will not recoup the full sum of the government’s unprecedented infusion to the financial sector, but the returns are ahead of schedule.

3. Watchdog: Treasury and Fed Failed in AIG Oversight -

WASHINGTON (AP) - U.S. Treasury Secretary Timothy Geithner is "ultimately responsible" for regulators' failure to rein in massive bonus payments at American International Group because he led the agencies that provided AIG's lifelines, according to a bailout watchdog.

4. Government Report Questions Rescue Claims -

WASHINGTON (AP) - The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial banks receiving support were healthy, a new report contends.

5. US Economic Recovery Just Beginning, Treasury Official Says -

WASHINGTON (AP) – The U.S. economic recovery has just begun and “we still have work to do,” a senior Treasury official told Congress Thursday, sending the strongest signal yet that the administration is prepared to extend its $700 billion bank bailout fund.

6. Lawmakers Frustrated With Foreclosure Aid Programs -

WASHINGTON (AP) - Lawmakers vented Thursday about the government's inability to solve the nation's housing woes as fresh data showed foreclosure filings continued to rise.

Sen. Christopher Dodd., D-Conn., chairman of the Senate Banking Committee, called the overall lack of progress by the government "disgraceful." He noted that borrowers are facing long delays as they try to get help.

7. Bernanke Says Exec Compensation Must be Monitored -

PHOENIX (AP) - Federal Reserve Chairman Ben Bernanke on Friday called for banking supervisors to pay "close attention" to compensation practices as they examine the soundness of financial institutions.

8. Fannie Plans Bonuses of Up To $611K for 4 Execs -

WASHINGTON (AP) - Fannie Mae plans to pay retention bonuses of as much as $611,000 each to key executives this year as part of a plan to keep hundreds of employees from leaving the government-controlled company.

9. Fannie Mae Posts $29 Billion Loss -

Fannie Mae on Monday posted a $29 billion loss in the third quarter as it took a massive tax-related charge, and said it may have to tap the government’s $100 billion lifeline as early as next year.

10. New Home Sales Skid, While Mortgage Rates Jump -

WASHINGTON (AP) - New home sales tumbled in August to the slowest pace in 17 years, while mortgage rates spiked this week, increasing pressure on the new chief executives of Fannie Mae and Freddie Mac to help stabilize the housing market.

11. Gov’t Blocks Severance For Fannie, Freddie CEOs -

WASHINGTON (AP) – The federal government will not pay the ousted chief executives of mortgage finance companies Fannie Mae and Freddie Mac up to $24 million in exit packages.

The Federal Housing Finance Agency notified former Fannie Mac CEO Daniel Mudd and former Freddie Mac CEO Richard Syron that such “golden parachute” payments will not be paid. The housing agency, which took control of the companies earlier this month, made the announcement on Sunday.

12. Archived Article: Attorney Graph - Attorney Attorney Judgments Amount ------------------------------------------------ ----------- -------------------------- Gordon & Feldbaum 226 $220,174.79 Baer Baer & Baer 220 $348,622.30 Mccullough Law Firm ...