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Nation Topics - Banking Predatory Lending | The Nation

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Nation Topics - Banking Predatory Lending

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The Supreme Court has done little to protect a nation of debtors from predatory lending practices.

Henry Paulson's latest plan takes us further down to road to state capitalism, whose only principle is to protect the bankers who created the problem.

For years, John McCain backed legislation that decriminalized Wall Street's reckless conduct. No amount of New Deal posturing can hide that record.

The Treasury Secretary's decision to buy equity stakes in banks still fails to address the fundamental flaws in the system.

Robert Sherrill's pathbreaking 1990 exposé of the savings and loan scandal sheds light on John McCain's deregulatory politics--and our current financial crisis.

As the next Congress creates a new regulatory structure for our crippled financial system, job one is breaking Wall Street's grip on capital and credit.

Congress must take control of the failed financial system until a new president can legislate a more permanent and equitable solution.

Take a lesson from Andrew Jackson: Rely on regional banks, not Wall Street, to get money in the hands of people who need it.

Remember the National Lampoon cover showing a puppy with a gun to its head? That's the Paulson plan.

Henry Paulson isn't proposing the nationalization of private corporations--he wants a corporate takeover of government.

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