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Nation Topics - Banking Predatory Lending | The Nation

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Nation Topics - Banking Predatory Lending

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

Sorry, but I have no sympathy for the sudden poverty of investment bankers who've gamed and likely destroyed our financial system in the relentless pursuit of wealth.

As bigwigs get bailouts, taxpayers ponder layoffs, ruined retirements and wiped out college funds. Yet neither McCain or Obama have tapped into that anger.

The house of global finance is on fire--and the lightning bailout of AIG raises serious question about government's capacity to extinguish the flames.

Taking over Fannie, Freddie, banks and brokerages is one thing; knowing what to do with them is something else.

Instead of bailing out the money guys who created the housing crisis, Washington should concentrate on healing the victims.

A historic line has been crossed. With no debate or commitment to policy or principle, an enormous segment of the American economy has been turned over to the government.

Americans know all the details of the John Edwards affair. But they remain in the dark about a scandal that affects the livelihoods of millions. Who orchestrated the fall of Bear Stearns?

This is a time to condemn the banking industry, not embrace it. So what do McCain and Obama think they're doing?

Don't just bail out Fannie Mae and Freddie Mac: require them to start building environmentally responsible homes.

Blogs

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

  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
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