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Opposition grows to Jamie Dimon role at Federal Reserve
By Lindsay Young May 29, 2012 1:52 p.m.A grassroots movement with some big name support is calling for Washington’s favorite banker to cut his ties with the Fed. Some 30,000 signatures have been collected on a Change.org petition urging that the chief executive of embattled JPMorgan Chase, Jamie Dimon, resign or be removed from the New York Federal Reserve's board of directors. The petition creator, Simon Johnson, is the former chief economist of the International Monetary Fund. In the past Change.org waged successful campaigns on issues ranging form the Bank of America debit card fee, to working conditions in Apple’s Chinese factories.
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Suspicions of mortgage fraud on the rise
By Lindsay Young Aug 4, 2011 2:44 p.m.In 2006 and 2007, at least 12 Riverside, Calif., residents with good credit found a real estate investment that seemed too good to be true. All they had to do was fill out a few forms and in return they could expect to receive checks of up to $50,000. The only problem was, the plan was a sham.
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Poised to make decision on regulating foreign swaps, Geithner meets with banks wanting exemption
By Nancy Watzman Apr 7, 2011 10:02 a.m.In February, Treasury Secretary Timothy Geithner met with the CEO and two top-level executives from the London-based bank HSBC to discuss the issue of foreign exchange swaps.
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Treasury department holding back on details of mortgage modification program
By Claritza Jiménez | Apr 14, 2010 2:18 p.m.Just how effective is the Obama Administration’s effort to help homeowners stave off foreclosure? It’s hard to know, in part because detailed data that could provide part of the answer is not available to the public.
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