Clik here to view.
Will The Fed Withdraw Its Foreclosure Predator Bailout
Yesterday, The New York Times ran an editorial opposing a new Federal Reserve proposal to eliminate predatory lending penalties. The rule under consideration is the same obscure regulation I blogged...
View ArticleClik here to view.
GAO Bank Regulators Not Even Looking At Foreclosure Practices
A rather nauseating statement from a Government Accountability Office report on foreclosures: Because they generally focus on the areas with greatest risk to the institutions they supervise, federal...
View ArticleClik here to view.
Yes Megan Bankers Break The Law
I frequently disagree with Megan McArdle, but her WikiLeaks post yesterday on struck me as simply delusional. The basic argument: megabank financiers haven’t committed any crimes, because if they had,...
View ArticleClik here to view.
Fed Audit– Liveblog on Data Dig
Just starting to parse through the Fed audit data. Looks like the Primary Dealer Credit Facility is predominantly a bailout for Citigroup and Bank of America. More to come . . . UPDATE: Looks like in...
View ArticleClik here to view.
The Fed Lied About Wall Street
The data from the Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who implement it. When Wall Street went off the rails in the fall of 2008, policymakers...
View ArticleClik here to view.
Highway Robbery and the Progressive Future
Kevin Drum gives a pretty thorough analysis of President Obama’s open assault on the mainstream Democratic Party at yesterday’s press conference, and declares that “programmatic liberalism is dead.” I...
View ArticleClik here to view.
A Tax Deal Fit For The Gilded Age
President Barack Obama and Congressional Republicans are ready to mortgage the American economy to billionaires in exchange for a few months of unemployment benefits. This deal is easily the gravest...
View ArticleClik here to view.
Barney Frank and the Fed Bailout Fallacy
Mike Stark has posted a provocative on-the-street interview with Barney Frank about the recently released Fed data. Frank offers what is now a standard defense of the Fed’s bailout operations: Without...
View ArticleClik here to view.
And The Door Revolves
Sen. Tim Johnson, D-S.C., is almost certain to be chairman of the Senate Banking Committee next year, once current chair Chris Dodd, D-Conn., is out of office. Johnson has never had a good reputation...
View ArticleClik here to view.
Campaign Cash How Citizens United Will Change Elections Forever
Undue corporate influence over U.S. elections has been a serious problem in American politics for decades, but this year’s Supreme Court ruling in Citizens United v. Federal Election Commission made...
View ArticleWill The Fed Withdraw Its Foreclosure Predator Bailout
Yesterday, The New York Times ran an editorial opposing a new Federal Reserve proposal to eliminate predatory lending penalties. The rule under consideration is the same obscure regulation I blogged...
View ArticleGAO Bank Regulators Not Even Looking At Foreclosure Practices
A rather nauseating statement from a Government Accountability Office report on foreclosures: Because they generally focus on the areas with greatest risk to the institutions they supervise, federal...
View ArticleYes Megan Bankers Break The Law
I frequently disagree with Megan McArdle, but her WikiLeaks post yesterday on struck me as simply delusional. The basic argument: megabank financiers haven’t committed any crimes, because if they had,...
View ArticleFed Audit– Liveblog on Data Dig
Just starting to parse through the Fed audit data. Looks like the Primary Dealer Credit Facility is predominantly a bailout for Citigroup and Bank of America. More to come . . . UPDATE: Looks like in...
View ArticleThe Fed Lied About Wall Street
The data from the Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who implement it. When Wall Street went off the rails in the fall of 2008, policymakers...
View ArticleHighway Robbery and the Progressive Future
Kevin Drum gives a pretty thorough analysis of President Obama’s open assault on the mainstream Democratic Party at yesterday’s press conference, and declares that “programmatic liberalism is dead.” I...
View ArticleA Tax Deal Fit For The Gilded Age
President Barack Obama and Congressional Republicans are ready to mortgage the American economy to billionaires in exchange for a few months of unemployment benefits. This deal is easily the gravest...
View ArticleBarney Frank and the Fed Bailout Fallacy
Mike Stark has posted a provocative on-the-street interview with Barney Frank about the recently released Fed data. Frank offers what is now a standard defense of the Fed’s bailout operations: Without...
View ArticleAnd The Door Revolves
Sen. Tim Johnson, D-S.C., is almost certain to be chairman of the Senate Banking Committee next year, once current chair Chris Dodd, D-Conn., is out of office. Johnson has never had a good reputation...
View ArticleClik here to view.
Campaign Cash How Citizens United Will Change Elections Forever
Undue corporate influence over U.S. elections has been a serious problem in American politics for decades, but this year’s Supreme Court ruling in Citizens United v. Federal Election Commission made...
View Article
