The Daily Caller

The Daily Caller

Banks set minimum quotas on foreclosure documents, increasing mistakes - TheDCNF

| Betsi Fores
shinya/Flickr

In what has been the biggest housing market collapse since the Great Depression, banks have made a business in collecting and cashing in on foreclosed homes. In a Wells Fargo bank in Charlotte, N.C., “legal process specialists” are expected, if not demanded, to produce ten to eleven affidavit reports a day, reports that bank lenders [...]

Chicago banker sues bank to win taxpayer payout - TheDC

| Neil Munro
Wells Fargo

PNC bank executive given the OK to sue Wells Fargo for not lowering her mortgage payments

Obama promises cheap mortgages - TheDC

| Neil Munro
young voters

Election-year gambit could reduce payments by a few hundred dollars per month, admin says

Wells Fargo lowers conforming loan limits - CNBC

| Kells Hetherington
Wells Fargo

The deadline for ending temporarily higher loan limits at Fannie Mae, Freddie Mac and the FHA is October 1st, but they are effectively ended now

Wells Fargo settles subprime mortgage-abuse case for $85 million - AP

| InternAdmin

Nation’s largest mortgage lender settles Federal Reserve’s charges for record amount

TheDC Morning: Wall Streeters want what Fannie's having - TheDC

| Mike Riggs

Read TheDC Morning: An unvarnished e-mail summary of what’s really happening in political news

Wells Fargo to pay Citigroup $100M for stealing Wachovia - AP

| interns

Wells Fargo settles over their swooping in to snatch up Wachovia from underneath Citigroup in 2008

Higher Debt: Is the student loan industry headed for a meltdown? - TheDC

| Mike Riggs

With no disincentives for lenders, and no escape for the debtor but death, America’s collective student loan debt has grown to $829 billion

Dumb robber hands over ID, gets taken down by mother - Dallas Morning News

| interns

Nathan Wayne Pugh pretended to have a bomb in Whataburger bag, seriously bungled every aspect of robbery

JPMorgan Chase easily exceeds forecasts - NYT

| interns

Company’s net income rose 76 percent in the last year

U.S. banks: drug lord accomplices - Bloomberg

| interns

Wachovia and Bank of America fail to monitor and report suspected money laundering by narcotics traffickers; allow Mexican drug trade to thrive

Podesta brother lobbies for cap-and-trade proponent BP - THE DAILY CALLER

| Jonathan Strong

W.H. transition chief John Podesta’s brother Tony makes millions ‘monitoring’ legislation for BP, GM and other large corporations making news

Not all banks spanked by reform - POLITICO

| interns

Wall street banks may avoid the fee cuts that larger banks such as Bank of America and JPMorgan Chase are likely to face

Most small businesses hold off on hiring - The Daily Caller

| Jeff Winkler (admin)

Fifty-two percent of the owners surveyed April 12-16 say it is very unlikely that tax credits for hiring unemployed workers will prompt them to increase staff

Wells Fargo warrants up for auction - Forbes

| interns

The Treasury Department will be putting its Wells Fargo warrants up for auction Thursday

Obama stumbled on Wall Street

| Alan Reynolds

Do threats of tighter regulations and higher taxes on banks sound like a way to increase lending? President Obama seems to think so

Consumer confidence rises to 57.9 in April - AP

| admin

Highest level since September 2008, just as the financial crisis escalated, according to a private research group

Pulitzer Prize winner thwarts robbery with hug - True Crime Report

| Pat McMahon

Pulitzer Prize winning photographer and college professor foils bank robbery, by hugging the robber

Federal government and the link to poverty

| Elliot Engstrom

The federal government, which claims to be the greatest supporter of those in need, is anything but a friend of the impoverished

Checking in on your bailout investment account

| Tom Karol

President Obama is now saying that “we’ve recovered most of your money already, but we want all our money back.” Does anyone really know how much money is out and how much is back? Is there money left on the table?