It is amazing that folks like Gene Sperling and William Daley, the very people who created this banking meltdown, are rewarded with ever more important positions in our government.
In Griftopia Matt Taibbi argues that America has been corrupted by the merger of crime and policy, of stealing and government.
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?
The Titanic that is the US housing market has just sprung its biggest leak.
Why did Obama keep Timothy Geithner and Lawrence Summers on staff when they helped lay the groundwork for the financial crisis?
The one thing that a thousand books written from within the financial crisis won't contemplate is the possibility of an unhappy ending for capitalism.
This is not the end of reform; it's the beginning of a promising struggle to cut the financial sector down to tolerable dimensions and reduced power.
Three working homeowners in Queens faced foreclosure—and JP Morgan Chase refused to modify their mortgages. Now they've brought a lawsuit, and the bank is suddenly responsive.
It was the Perry Mason moment in the unraveling of what was left of Goldman Sachs' reputation.