After handing out trillions of dollars to Wall Street – which we only know about due to a Bloomberg News lawsuit the Fed fought – the Federal Reserve announced victims of fraudulent foreclosure practices were being shortchanged. A multi-bank settlement with regulators over past foreclosure abuses ran into new problems when some borrowers received smaller [...]

Watch Alarm Bells In The Housing Market on PBS. See more from FRONTLINE. Last night Frontline aired a program on the Department of Justice’s failure to prosecute Wall Street executives over fraud in the mortgage market that caused the 2008 financial crisis. The program included compelling testimony from the “due diligence underwriters” those responsible for [...]