In an interesting case of one federal regulatory agency accusing another, the inspector general of the Treasury Department released a report that faulted the Office of the Comptroller of the Currency for failing to recognize or crack down on widespread foreclosure fraud practices. As foreclosures skyrocketed across the country in the wake of the financial [...]
|By: David Dayen Thursday March 29, 2012 6:50 am|
Pro Publica continued its jihad against Ed DeMarco yesterday with yet another piece blaming him for the sins of the Administration’s housing policy. This is just an overview piece that muses about how to best get rid of DeMarco. Actually, it’s a bit off-message, because they’re just supposed to say that the White House has no choice and this one dude is holding up an economic recovery single-handedly.
|By: David Dayen Wednesday March 14, 2012 8:10 am|
When the HUD Inspector General tried to examine the major banks foreclosure records and practices, they uncovered many instances of potential legal violations, which they referred to the Justice Department. DoJ sat on this information while pushing for settlements. Meanwhile, the banks stonewaled the IG investigation, refusing to provide documents and preventing the IG from interviewing employees or others with direct knowledge.
|By: David Dayen Tuesday March 13, 2012 10:30 am|
Before the foreclosure fraud settlement was announced, high-level officials told me that the still-secret HUD IG report detailing some of the crimes of the mortgage industry would be released when the settlement terms were filed in federal court. That document was indeed released today, and The New York Times reviewed it; they find that top bank managers really were responsible for the criminal conduct
|By: David Dayen Monday January 9, 2012 9:30 am|
A remarkable report from an Inspector General in Florida not only clears the state Attorney General’s office for the firings of two foreclosure fraud investigators, it accuses bloggers and advocates of dictating and controlling investigations, sometimes for nakedly personal reasons. It has all the signs of a whitewash.
|By: David Dayen Monday December 19, 2011 4:17 pm|
As other Attorneys General took the lead in efforts to fight foreclosure fraud, with lawsuits from Delaware’s Beau Biden, Massachusetts’ Martha Coakley and Nevada’s Catherine Cortez Masto, we hadn’t heard as much from New York’s Eric Schneiderman lately. But he’s back in the news, teaming with the federal Inspector General for the FHFA on an investigation.
|By: David Dayen Tuesday November 8, 2011 2:15 pm|
The State Department Inspector General announced it would investigate the Departments procedures involving the environmental review of the Keystone XL Pipeline. The review, combined with efforts in Nebraska and others to force a rerouting of the pipeline could cause delays in the project’s approval process.
|By: Jeff Kaye Monday June 13, 2011 7:15 pm|
The entire 9/11 field of inquiry has been vilified, poisoned over the years by ridicule, sometimes fantastic conspiracy mongering, and fearfulness by journalists of approaching the material, lest they be branded as irresponsible or some kind of conspiracy freak. As a result, little work has been done to investigate, except by a small group of people, some of whom have raised some real questions, others who were intoxicated by the possibility of some giant conspiracy.
If anything, this story is about an intelligence and oversight scandal.
|By: David Dayen Tuesday May 17, 2011 7:01 am|
I wrote yesterday that nothing seemed to be changing in the foreclosure crisis. Regulators were still trying to enforce the law with inadequate information (perhaps deliberately), and the banks were still abusing their customers. But late yesterday we got word of federal audits from HUD showing violations by the top five banks of the False Claims Act.
|By: Peterr Sunday April 17, 2011 7:30 am|
Last week, the US Department of State released an Inspector General’s report on the US Embassy in Malta, headed up by Ambassador Douglas Kmiec. Kmiec is an outspoken Republican (head of the Office of Legal Counsel under Reagan) and a conservative Roman Catholic, who bucked both the GOP and many in his church to support Obama in his presidential race against John McCain.