banking crisis http://www.kplu.org en Can we regulate our way out of the financial crisis? http://www.kplu.org/post/can-we-regulate-our-way-out-financial-crisis <p>When it comes to assigning blame for the 2008 financial meltdown, some fingers are pointing at the 1999 repeal of the <a href="http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act">Glass-Steagall Act</a>. But others aren&rsquo;t so sure.</p><p>Financial commentator Greg Heberlein and KPLU&rsquo;s Dave Meyer look at banking regulations on this week&#39;s Money Matters.</p><p> Tue, 12 Jun 2012 12:00:00 +0000 Dave Meyer & Greg Heberlein 5221 at http://www.kplu.org Can we regulate our way out of the financial crisis? Appraisers upset as big banks drag feet on new regulations http://www.kplu.org/post/appraisers-upset-big-banks-drag-feet-new-regulations <p>http://stream.publicbroadcasting.net/production/mp3/kplu/local-kplu-963751.mp3</p><p>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.&nbsp;</p><p>That&#39;s according to professional appraisers in Washington state, dozens of whom have signed <a href="http://www.petitiononline.com/CnR2011/petition.html">an on-line petition.&nbsp;</a></p> Mon, 18 Apr 2011 14:05:30 +0000 Bellamy Pailthorp 1221 at http://www.kplu.org Appraisers upset as big banks drag feet on new regulations Relief for strapped borrowers: "Foreclosure Fairness" is now law http://www.kplu.org/post/relief-strapped-borrowers-foreclosure-fairness-now-law <p>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.</p> Fri, 15 Apr 2011 16:35:33 +0000 Bellamy Pailthorp 1216 at http://www.kplu.org Relief for strapped borrowers: "Foreclosure Fairness" is now law FDIC sues 3 former top executives of failed WaMu http://www.kplu.org/post/fdic-sues-3-former-top-executives-failed-wamu <p>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.</p><p> Thu, 17 Mar 2011 22:14:52 +0000 The Associated Press 1020 at http://www.kplu.org FDIC sues 3 former top executives of failed WaMu Walking away from a mortgage http://www.kplu.org/post/walking-away-mortgage <p>It&#39;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.&nbsp;</p><p> Tue, 01 Mar 2011 13:17:29 +0000 John Maynard & Richard Hagar 890 at http://www.kplu.org Walking away from a mortgage WaMu execs face federal lawsuit http://www.kplu.org/post/wamu-execs-face-federal-lawsuit <p>Several former Washington Mutual executives have been notified by the federal government that they&#39;ll be sued over their role in the collapse of the Seattle-based bank.</p><p>The Puget Sound Business Journal reports that sources familiar with the suit say <a href="http://www.bizjournals.com/seattle/news/2011/02/18/fdic-to-seek-1b-from-former-wamu-execs.html">the Federal Deposit Insurance Corporation intends to seek more than a billion dollars in damages.</a></p><p>To be named in the suit are:</p><ul><li>Kerry&nbsp;Killinger, former WaMu CEO&nbsp;</li><li>Steve&nbsp;Rotella, former president and chief operating officer&nbsp;</li><li>David Schneider, former head of the bank&rsquo;s home load division</li></ul><p>All three executives have denied wrongdoing.</p><p> Tue, 22 Feb 2011 16:08:32 +0000 KPLU News Staff 843 at http://www.kplu.org WaMu execs face federal lawsuit