Why would President Obama, whose legacy has been sabotaged by a housing crisis that Tom Donilon helped create and conceal, hire him to run the most sensitive position of public trust in his administration?
The Titanic that is the US housing market has just sprung its biggest leak.
Surely Michelle Obama knows that this administration has thrown trillions at the banks in hope that they would respond with mortgage relief for struggling homeowners—and gotten nothing in return.
Paul Volcker, head of Obama's Economic Recovery Advisory Board, nailed the cause of our financial hardship in a series of blistering remarks on the sorry state of our economy.
Finally! The announced departure of Lawrence Summers as the president’s top economic adviser is welcome news.
Is the recession really ending? What does Elizabeth Warren's sort-of appointment mean? Dean Baker has answers on Grit TV.
Why did Obama keep Timothy Geithner and Lawrence Summers on staff when they helped lay the groundwork for the financial crisis?
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.
Congress should not be fooled by the argument of Wall Street lobbyists that Bernard Madoff was a lone rotten apple now safely discarded.