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Nation Topics - Banking Predatory Lending

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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.

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.

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