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Nation Topics - Banking Predatory Lending | The Nation

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Nation Topics - Banking Predatory Lending

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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.

Fifty-seven million American families, who put their money in theoretically stable investments find themselves staring into the abyss.

Blogs

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

“Everyone does it” is not an adequate excuse. Will bankers depart with their multimillion-dollar rewards intact?

July 10, 2012

The British banking scandal reveals just how much the world of finance needs an overhaul.

July 9, 2012

In Des Moines, home to Wells Fargo’s mortgage division, protesters took a stand against the bank’s abusive lending practices.

April 23, 2012