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Nation Topics - Banking Predatory Lending | The Nation

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Nation Topics - Banking Predatory Lending

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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.

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?

Blogs

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
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