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Nation Topics - Banking Predatory Lending

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Nation Topics - Banking Predatory Lending

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Take a lesson from Andrew Jackson: Rely on regional banks, not Wall Street, to get money in the hands of people who need it.

Remember the National Lampoon cover showing a puppy with a gun to its head? That's the Paulson plan.

Henry Paulson isn't proposing the nationalization of private corporations--he wants a corporate takeover of government.

Bernanke is asking for trust he has not earned. Here's a shortlist of conditions to make this a credible deal.

Instead of handing Bernanke $700 billion with no strings attached, government should take over the banking and finance sector, clean it up and start funneling money into the real economy.

The bailout jeopardizes the entire progressive agenda, undermines democracy, doesn't compensate us for our money and doesn't solve the problem. Otherwise, it's great!

The Paulson/Bernanke bailout plan is not the way to go, unless you work on Wall Street. Even if you do, there are compelling reasons to fear it. Here's what Congress should do instead.

Even without knowing the specifics of Paulson's staggering rescue plan, you can kiss the environment, preschool education and health insurance for all goodbye.

Paulson's rescue plan represents a historic swindle--all sugar for the villains, lasting pain for the rest of us. Don't let Wall Street get away with this without enacting significant reform.

Washington's mission may, at this late date, be an even greater one than Roosevelt's New Deal faced.

Blogs

Wells Fargo workers are protesting the bank’s predatory practices.

April 13, 2015

The debt crisis has little to do with poor budgeting and everything to do with crony capitalism.

March 4, 2015

Federal prosecutors want to put one in prison for taking kickbacks for doing political favors. The other has been richly rewarded for defrauding investors and saving fellow bankers from criminal prosecution.

January 27, 2015

Activists want to draw attention to some of the most predatory financial companies.

August 12, 2014

The mayor-elect also named an aide as his chief of staff.

December 23, 2013

The settlement with one of the nation’s biggest banks is historic—what should be next?

November 20, 2013

Bank accountability activists continue to send a clear message to the big banks: “You can run, but you can’t hide.”

April 30, 2013

The Strike Debt movement is planning a Rolling Jubilee—a bailout of the people, by the people. 

November 12, 2012

The great progressive senator fought an often lonely battle to prevent banks and credit card companies from rigging the system against working families. His ally then is running for the Senate now.

October 25, 2012

If every trade carried a cost, how quickly do you think Wall St. would rein in the robots?

August 3, 2012