Third Way “Solution” to Foreclosure Fraud? Limits on Rule of Law

By: Wednesday January 12, 2011 3:00 pm

Rather than admit that property owners have the right to sue in this country, the Third Way thinks that we can best protect them by limiting their right to sue to actual damages.


Chamber of Commerce Appreciates “Tone” of Administration

By: Tuesday January 11, 2011 3:00 pm

While the Chamber has commented on the White House’s tone, nobody has commented on the Chamber’s.

Late Night: White House Scouting Report — Can’t Go Left

By: Friday January 7, 2011 8:00 pm

Such is the state of conventional wisdom in Washington, D.C., that it took Matt Bai (who’s regurgitated his fair share of it) to push back in the New York Times today on the reaction to the naming of the new White House chief of staff.

On Gate-Keepers and Pragmatists: Contempt for the Governed Obstructs Change

By: Friday January 7, 2011 7:00 am

At the beginning of Obama’s term, when he talked about governing as a pragmatist, I perhaps foolishly believed he meant not pragmatism as DC understands it–as a principle-less squishy middle–but as the Pragmatist school of philosophers would mean it–as someone fundamentally open to and respectful of the ideas and viewpoints of all. Mind you, it [...]

Warren Inks State Partnership, Signs Petraeus’ Wife for CFPB

By: Tuesday January 4, 2011 5:00 pm

Elizabeth Warren continues to make progress on the Consumer Financial Protection Bureau. She signed a memorandum of understanding between CFPB and the states, to cooperate on oversight of businesses which provide financial products for consumers. There was substantial concern that a federal agency would kneecap state-based consumer protection efforts; Warren sees the CFPB and the state regulators as complementary. This also allows CFPB to work on oversight of non-bank lenders like payday lenders, private student lenders and mortgage servicers.

In addition, Warren signed up Holly Petraeus, the wife of the General in Afghanistan, to a position that would protect military families from predatory lending. Military families are often the most abused by lenders, many of them which position their services close to bases. I remember Holly Petraeus on a conference call when the Senate was trying to keep auto lenders under the oversight of the CFPB, talking about how military families were routinely ripped off by car salesmen. She has a passion for keeping fraudsters out of the pocketbooks of military families.

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