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Nation Topics - Banking Predatory Lending

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News and Features

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.

The SEC has filed a civil suit against Goldman Sachs for their role in exacerbating the sub-prime mortgage crisis by producing risky investment options. On this week's The Breakdown, Hayes discusses the case with blogger, author and economist Simon Johnson.

Nation DC Editor Chris Hayes joins The Rachel Maddow Show to discuss the strategy of both parties on Wall Street reform.

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