BankThink

The state is receiving a notably large share of national mortgage settlement benefits because of the level of harm the state sustained during our nation's mortgage crisis.

Receiving Wide Coverage ...

Submissive on Pay: The Treasury Department failed to rein in outsize executive pay at some of the biggest bailed-out companies last year, according to a report published Monday by the special inspector general of the Troubled Asset Relief Program. Treasury officials awarded 63% of the 25 highest-paid employees at Ally Financial, AIG and General Motors total pay packages in 2012 that topped the median pay for executives at similar companies by more...

Research may fail to prove the Community Reinvestment Act contributed to the subprime housing crisis. But its supporters also can't prove that it didn't.

Receiving Wide Coverage ...

Advice for Mary Jo White: "Making Them Pay (and Confess)" is what the Times' Gretchen Morgenson would like to see from White, President Obama's nominee to head the SEC. In other words, the columnist wants White to kick the SEC's habit of allowing companies to settle charges by paying fines without admitting fault. The Post notes that the agency lacks some of the awesome powers of White's former employer, the Department of...

Our analysis is agnostic on whether the costs are proportional to the benefits. But we find the claim that the CARD Act has had no cost to cardholders to be too hopeful based on current data.