Grand jury indicts mortgage co. chief in TARP case (AP)

A federal grand jury has indicted the chief executive of what was once among the largest privately held mortgage lending companies in the country for allegedly engaging in a fraud scheme that misappropriated $1 billion from the government's Troubled Assets Relief Program and other targets.» E-Mail This     » Add to Del.icio.us

A federal grand jury has indicted the chief executive of one of the largest privately held mortgage lending companies in the country for allegedly conspiring to file false information when applying for funds from the Troubled Assets Relief Program.

SAN FRANCISCO (Reuters) - A federal grand jury has indicted former California Public Employees' Retirement S

SAN FRANCISCO (Reuters) - A federal grand jury has indicted former California Public Employees' Retirement System Chief Executive Officer Federico Buenrostro on conspiracy charges in connection with a scheme to commit fraud, the U.S.

This morning, starting at 9:30am, the Congressional Oversight Panel holds a hearing to assess the performance of the Troubled Asset Relief Program (TARP).  The hearing will be streamed live and also archived, featuring testimony from: Dean Baker (Center for Economic and Policy Research), Charles Calomiris (Columbia University), Alex Pollock (American Enterprise Institute), Mark Zandi (Moody’s Economy.com), and me.

A former chief executive of Calpers, the largest U.S. public pension fund, was indicted on federal conspiracy charges in connection with a scheme to commit fraud, the U.S. Department of Justice said on ...

A federal grand jury formally indicted Raj Rajaratnam and Danielle Chiesi on Tuesday, accusing the billionaire hedge fund manager of the Galleon Group and the former Bear Stearns fund manager of operating at the center of a vast insider trading ring.

Sometimes the best investment is the one you didn't make. That's the case with one of the biggest investment pools in the country: the $700 billion Troubled Assets Relief Program, which Congress authorized last October to help combat the financial meltdown. The smartest thing the Treasury has done is to not buy troubled assets with the money. Instead, it has used most of it to buy preferred stock in banks to shore up their capital.