ANP Beats: Economy

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Super-Rich Tax Cheats

By Harry Hanbury on Jul 25, 2008

52 Comments

They hide an estimated $100 billion a year from the IRS, but now the U.S. Senate is turning up the heat on offshore tax havens. The man who ratted out some of these tax dodgers now lives in hiding and has a $10 million bounty on his head. This is a story straight out of our new Gilded Age -- one of billionaires, foreign bankers, corruption, secrecy and, of course, greed.

The Fed Under Fire

By Lagan Sebert Harry Hanbury Mike Fritz

The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers...

Jun 18, 2009

Obama's Auto Task Force: Driven by Wall Street?

By Mike Fritz Harry Hanbury

The General Motors flameout has been a disaster for blue collar Americans working on assembly lines...

Jun 18, 2009

Bankrupt GM Begins Slashing Jobs

By David Murdock Mike Fritz

General Motors has another day in bankruptcy court today -- good news for lawyers.

Keywords: Economy, Auto Task Force, Automaker Bailout, bailout, Bankruptcy, Business News, General Motors, gm, White House Auto Task Force

Jun 16, 2009

In huge change, Obama to strip Fed of credit card oversight

By David Murdock Lagan Sebert

Keywords: Economy, Government, consumer financial product safety commission, Elizabeth Warren, fed

Jun 12, 2009

Quick Take: Kucinich Grills Lewis on Fed Emails

By Lagan Sebert

Bank of America CEO Ken Lewis took a pounding Thursday from the House Committee on Oversight and Government Reform.

Keywords: Corruption, Economy, Government, Politics, Quick Hit, bank of america, Bernanke, corruption, Dennis Kucinich, fed, Financial Crisis, Frbny, Ken Lewis, Merrill Lynch, Politics News, Wall Street

Jun 05, 2009

Debt Collector Harassment: Coming To A Library Near You

By Lagan Sebert

Article by Arthur Delaney for The Huffington Post

Keywords: Corruption, Economy, Business News, credit cards, debt, Debt Collectors, Debt Purchasing, Jon Hann, Midland Marketing, payday loans

Jun 02, 2009

Road to Ruin: Online Lenders Fight Regulation

By Lagan Sebert David Murdock
Payday loan offices have been sprouting up in strip malls and on street corners across America for years before Wall Street collapsed...

Jun 02, 2009

Online Lenders Fight Regulation

By David Murdock Lagan Sebert

Payday loan offices were sprouting up in strip malls and on street corners across America for years before Wall Street collapsed last fall - quiet evidence that hard times began hitting working fam

Keywords: Corruption, Economy, Government, Politics, Dick Durbin, fraud, Interest Rate Cap, Joe Baca, Lisa McGreevy, Online Lending Alliance, online loan sharks, payday lending, payday loans, predatory lending, Senator Chris Dodd

May 11, 2009

Road to Ruin: Mortgage Fraud Scandal Brewing

By Lagan Sebert
Criminal fraud may be the most underreported aspect of our current financial crisis...

Apr 30, 2009

Mortgage Bankers Celebrate Victory

By Lagan Sebert
You would think this year's Mortgage Bankers Association annual meeting would be a rather solemn affair -- given the criticism the industry has endured in recent months...

Apr 15, 2009

Road to Ruin: Burned by Brokers

By Lagan Sebert David Murdock
Economists, politicians, and pundits refer to "toxic assets" as if they are some unspeakable stew bubbling in a barrel behind an old warehouse...

Apr 07, 2009

Credit Card Industry Defeated for Now

By Harry Hanbury

Hidden penalties, sudden interest rate hikes, and deceptive language are just a few of the questionable tactics used by credit card companies to extract money from increasingly stressed consumers...

Apr 03, 2009

Stress Tests Might Be Pointless, Treasury Declines to Comment on Off-Book-Assets

By Danielle Ivory
This report was produced in collaboration with Alternet.

At the center of President Obama's overhaul strategy for Wall Street are the "stress tests" which will be applied to all financial institutions...

Apr 03, 2009

Stress Tests for Wall Street -- What About the Billions in off-the-Books Toxic Assets?

By Danielle Ivory

At the center of President Obama's overhaul strategy for Wall Street are the "stress tests" which will be applied to all financial institutions. But how accurate will the test results be?

Keywords: Corruption, Economy, Government, banks, Citigroup, essential action, Louis Gutierrez, Rob Weissman, stress test, Vikram Pandit

Apr 02, 2009

Goldman Vet Sparks Conflict On Hill

By Lagan Sebert
Barack Obama's plan to name yet another Goldman Sachs alum to his economic team is proving too much for Sen...

Mar 27, 2009

Rep. Eric Cantor Says Hedge Fund Tax Rate Must Stay Low to Help Small Businesses

By Lagan Sebert
In its proposed budget, the White House recommends effectively raising the tax rate on hedge fund managers from 15% to almost 40%...

Mar 19, 2009

KBR Work Presents Potential 'Security Risk' Says Pentagon Official

By David Murdock Danielle Ivory
...

Mar 18, 2009

AIG CEO Warns Of 'Dire Consequences' If Company Fails

By Mike Fritz Lagan Sebert
This piece was produced in conjunction with the Huffington Post:

"Edward Liddy, CEO of American Insurance Group, warned a congressional panel Wednesday of "dire consequences" if the bailed-out insurer is allowed to fail...

Mar 18, 2009

AIG Won't Release Names Of Executives, Citing Death Threats

By Mike Fritz Lagan Sebert
This piece was produced in conjunction with the Huffington Post:

"Members of a congressional panel interrogating AIG CEO Edward Liddy on Wednesday repeatedly asked that he release the names of executives who were on the good end of $165 million in bonus payments...

Mar 18, 2009

AIG Anticipated Major Losses And Rigged Bonuses: Frank

By Lagan Sebert Mike Fritz
This piece was produced in conjunction with the Huffington Post:

"The contracts that AIG executives have cited as justification for bonus payments insured that they would receive the money regardless of massive losses.

Rep...