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Nation Topics - Banking Predatory Lending

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Nation Topics - Banking Predatory Lending

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How can we expect the experts to reform the financial system when it's experts who got us into this mess to begin with?

The Bush-Obama strategy of throwing trillions at the banks to solve the mortgage crisis is a huge bust. Will the president be able to extricate us from this mess?

What's missing in the President's call for reform are concrete rules that address a dysfunctional banking system. Slow down the rush to weak solutions.

Long before most in the business press rose to the challenge, Gretchen Morgenson was reporting that the financial sector had gone rogue.

Unveiling new proposals to regulate Wall Street, Geithner and Summers now condemn the shenanigans they once abetted and celebrated.

The head of the FDIC is looking out for taxpayers--and that's why the big guys on Wall Street and their allies in the Obama administration are out to get her.

It would be nice to blame the Gipper for the economic meltdown, but the facts don't support it. The real villains are closer at hand.

Congress, at the behest of the banking industry, has changed accounting rules to make company balance sheets even more opaque. How is that going to help?

The unregulated hedge fund calls the shots in the government's trillion-dollar bailout program--snapping up bad loans some of its execs originally marketed.

Obama and Congress must get tougher on offshore tax cheats--prosecuting them as criminals and requiring full payment, with penalties and interest.

Blogs

WikiLeaks may be the biggest information explosion this week, but Wednesday's mammoth release of documents pertaining to the Fed's bank bailout program could well spark the most outrage—at least among those not fortunate enough to head a firm on Wall Street.

December 2, 2010

Bank of America shares fell 3 percent on Tuesday after Julian Assange hinted that he had as much as 5 GB worth of their documents revealing some shady behavior.

December 1, 2010

Progressives worry that Obama is being "coy" about the authority he has handed the consumer champion. They're right to worry, and to keep the pressure on.

September 17, 2010

Harry Reid tried to shut down the debate on financial services reform. Republicans and responsible Democrats blocked the move. They were right to do so.

May 20, 2010

Congressman Jerrold Nadler chairs a hearing to examine the DOJ's prosecution of predatory lending.

April 30, 2010

Senate Republican block debate on reform. But the AFL-CIO and National People’s Action have a different idea -- and they are taking it to Wall Street.

April 27, 2010

Without Sherrod Brown's fix, financial services reform could be nothing more than a sham.

April 23, 2010

President Obama's conciliatory rhetoric denies the reality that big banks and corporations bet against Anerican communities.

April 22, 2010

The independent senator from Vermont backs four amendments to make a tepid bill muscular enough to change the way Wall Street does business.

April 20, 2010

Exhibit A in why an independent consumer watchdog is needed, both for consumers and the global economy.

April 16, 2010