Search results for "Wachovia" ...

• World of Trouble

  This story is a “rare account of the forces that created the U.S. housing bubble and tore the world economy to pieces”. The major finding of the story was executives inside one of the largest lending companies, deliberately ignored warnings from their front line salesmen. This company was loaning money to people who would not be able to pay them back and later was victim to “more than 30 billion dollars of bad loans”.

  Tags: World Savings and Loan; Golden West Financial; Wachovia; bank; mortgage; industry; Paul Bishop; homeowners

  By Scott Pelley; Graham Messick; Michael Karzis; Kevin Livelli; Daniel Glucksman

  CBS News

  2009

• Banking on your money

  Commerce Bancorp- one of the nation's fastest growing financial services companies-has also become the biggest private political benefactor New Jersey has seen in a century. The bank's far-reaching political clout and regular campaign contributions-more than $1.6 million in the last five years-have helped Commerce obtain more no-bid government banking, bond and insurance contracts in the state than any of its competitors, including much larger banks such as Wachovia and Fleet.

  Tags: Commerce Bancorp; Wachovia Bank; Fleet Bank; FDIC; Office of the Comptroller of the Currency; Securities and Exchange Commission; SEC; Municipal Securities Rulemaking Board (MSRB); campaign contributions; taxpayer money; Morgan Stanley Dean Witter trust; government banking; underwriting; financial advising; New Jersey State League of Municipalities'; Commerce Insurance Services; Gloucester County Democratic Committee; Gloucester County Board of Freeholders; Ocean County Republican Finance Committee

  By Cling Riley

  Record (Hackensack, N.J.)

  2003