Nation Topics - GMAC | The Nation

In contrast to Obama’s go-easy approach, officials like Eric Schneiderman and Martha Coakley are insisting on vigorous prosecution of bankers.

During his time at GE, Jeffrey Immelt led the company into a subprime mortgage hole so deep that it needed billions in government cash to get back out. That was before Obama made him a trusted adviser.

Welcome to the brave new world of post-bailout capitalism.

As long as Obama allows banks to write their own rules on foreclosure, he's a willful participant in their ongoing scam.

Bank of America—the largest US bank—has just said that it will halt foreclosures in 23 states due to documentation irregularities. How did we get into the foreclosure crisis in the first place?

It's undeniable that pay czar Kenneth Feinberg has had an impact on compensation at bailed-out firms. But it's equally clear that the casino culture that created this mess remains untouched.

Nightmare on Wall Street
continues--come March 2010, AIG plans on upping the bonuses for its
Financial Products division to nearly $200 million, bringing the total
to $426 million since December 2008.

Letting Detroit fail: catastrophic. Transforming it into a lean green machine-maker: visionary.

Doesn't anyone in Washington have the courage to pull the plug on an industry on life support?

The turn of the millennium provided yet another occasion to celebrate a triumphant American Century.