![]() 1.) Inside the Meltdown (2009)įrom the Bear Stearns deal, to Lehman Brothers’ collapse, to the propping up of insurance giant AIG, to the $700-billion bailout, this documentary from Michael Kirk and his team chronicled key moments in the crisis - and how the government responded. A hearing in their case is scheduled for. STATEMENT OF ABACUS FEDERAL SAVINGS BANK - Final Abacus Statement. A new documentary that aired Tuesday on PBS raises questions about why prosecutors targeted a small bank after the financial crisis and left bigger institutions untouched. Seven former lower-level Abacus employees loan originators, processors and underwriters still face criminal prosecution by Mr. More than a decade after the 2007-08 crisis, revisit FRONTLINE’s reporting on the Great Recession - from how the country’s leaders struggled to respond to an economic crisis that caught them by surprise, to why Wall Street’s leaders have escaped criminal prosecution for their role in the meltdown, and how the impact of the crisis and the massive government bailout have continued to reverberate. The global clearinghouse inked the deal with Securrency as part of its push to expand the use of the emerging technology in capital markets. ![]() Washington Mutual’s collapse was just one link in the dramatic chain of events surrounding the largest financial crisis since the Great Depression - a crisis that cost trillions in household wealth, and that experts say led to heightened economic inequality. The jury determined that Abacus Federal Savings Bank was not guilty on all charges. Apply for a loan today Please contact a loan specialist near you for details. Vance, Jr., today announced the indictment of ABACUS FEDERAL SAVINGS BANK (ABACUS or the Bank) and eleven of its former employees in a false document mortgage fraud scheme resulting in the sale of hundreds of millions of dollars worth of fraudulent loans to the Federal National Mortgage Association, commo. ![]() It was the biggest bank failure in American history: On September 25, 2008, the federal government took over Washington Mutual, selling the majority of the enormous savings and loan provider’s assets for $1.9 billion to JPMorgan Chase. Vance asserted the investigation was not racially motivated. ![]()
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