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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

  Free public higher education it is not. But for millions of students at the margins, it's real help.

March 25, 2010

Icelanders have become "the world's first rebels against the idea of clearing up after the mess made by a reckless private bank."

March 7, 2010

The 2009 stimulus bill that was supposed to spur job creation at a sufficient rate to prevent double-digit unemployment might have done so if it had been approved at the level and with the focus intended by the serious players in the U.S. House who initially crafted a real response to the recession.

February 1, 2010

You know how you can tell the Age of Reagan has ended? Because at his State of the Union address, Barack Obama didn't do any of those ordinary-folks-who-make-a-difference shout-outs to the gallery, as every POTUS (that is, Populist of the United States) has since the Gipper's first SOTU in 1982. But if Obama had called on someone, given the frustrated and hectoring nature of his speech, I bet I know who he would have liked to ask to stand up and take a bow: James O'Keefe, the putative pimp and ACORN slayer.

January 29, 2010

If the Democratic Party wants to lose – or, to be more precise, wants to lose badly in 2010 and 2012, it need only maintain its current loyalty to the most powerful interests on Wall Street.

January 25, 2010

As national banks soak up bailout dollars, cut lending, and exploit overdraft fees, a number of Americans have decided to move their money to local banks.

January 5, 2010

Rep. Barney Frank is in the process of bringing a package of banking reform bills to the floor. Today represented a small victory as the House Financial Services Committee, chaired by Frank, voted to approve legislation that would prevent financial institutions considered "too big to fail" from inflicting damage on the overall American economy.

December 3, 2009