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Nation Topics - Banking Predatory Lending | The Nation

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Nation Topics - Banking Predatory Lending

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News and Features

Long before most in the business press rose to the challenge, Gretchen Morgenson was reporting that the financial sector had gone rogue.

Unveiling new proposals to regulate Wall Street, Geithner and Summers now condemn the shenanigans they once abetted and celebrated.

The head of the FDIC is looking out for taxpayers--and that's why the big guys on Wall Street and their allies in the Obama administration are out to get her.

It would be nice to blame the Gipper for the economic meltdown, but the facts don't support it. The real villains are closer at hand.

Congress, at the behest of the banking industry, has changed accounting rules to make company balance sheets even more opaque. How is that going to help?

The unregulated hedge fund calls the shots in the government's trillion-dollar bailout program--snapping up bad loans some of its execs originally marketed.

Obama and Congress must get tougher on offshore tax cheats--prosecuting them as criminals and requiring full payment, with penalties and interest.

Wall Street's pervasive influence on Obama's change agenda props up banks, while the real economy continues to suffer.

Momentum is shifting in Washington to to protect consumers from arbitrary rate hikes and other unfair and deceptive credit card practices.

Good news! Nobody is insolvent! While Treasury declares banks are strong enough to weather the storm, private-sector stress tests tell very different story.

Blogs

Bank accountability activists continue to send a clear message to the big banks: “You can run, but you can’t hide.”

April 30, 2013

The Strike Debt movement is planning a Rolling Jubilee—a bailout of the people, by the people. 

November 12, 2012

The great progressive senator fought an often lonely battle to prevent banks and credit card companies from rigging the system against working families. His ally then is running for the Senate now.

October 25, 2012

If every trade carried a cost, how quickly do you think Wall St. would rein in the robots?

August 3, 2012

“Everyone does it” is not an adequate excuse. Will bankers depart with their multimillion-dollar rewards intact?

July 10, 2012

The British banking scandal reveals just how much the world of finance needs an overhaul.

July 9, 2012

In Des Moines, home to Wells Fargo’s mortgage division, protesters took a stand against the bank’s abusive lending practices.

April 23, 2012

With millions still on the verge of losing their homes, why is the head of the Federal Housing Finance Agency standing in the way of solutions for the housing crisis? 

March 21, 2012

Schneiderman not about to let himself be co-opted for Obama’s re-election bid.

January 31, 2012

The bailouts were worse than we thought.

December 6, 2011
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