Bloomberg: Blame Congress for the Housing Bubble

By: Tuesday November 1, 2011 4:19 pm

Mike Bloomberg is a pretty rich man. He made his money delivering financial information to people in power. Needless to say, he doesn’t have that personal touch when it comes to talking about the concerns of the poor. In fact, he’s decided to get the story of the mortgage meltdown completely wrong to implicate Congress rather than his Wall Street buddies.

 

Republican Minority Report on Financial Crisis: Deficits, Blacks Caused It

By: Wednesday December 15, 2010 2:30 pm

The paper seriously starts with the declarative sentence “Bubbles happen.” That’s the level of intelligence the GOP will bring to bear on this debate.

FDL Book Salon Welcomes Raghuram G. Rajan, Fault Lines: How Hidden Fractures Still Threaten the World Economy

By: Saturday October 23, 2010 1:59 pm

Dr. Raghuram G. Rajan, is a distinguished professor at the University of Chicago’s business school and former chief economist of the International Monetary Fund (IMF). Readers familiar with Chicago school economics will see that the crisis has not led to a fundamental reevaluation of that school’s policy recommendations. The title of his book captures his thesis – Fault Lines: How Hidden Fractures still Threaten the World Economy. Rajan writes clearly and his book is intended for the intelligent lay reader. His book contains no charts, graphs, or equations, doubtless at the urgings of the Princeton University Press. It is an ambitious book, for it seeks to explain the global crisis and different trends in the real economy and the financial sector in many nations.

FDL Book Salon Welcomes Wade Rathke, Citizen Wealth: Winning the Campaign to Save Working Families

By: Sunday August 23, 2009 2:00 pm

Many people first encountered ACORN when it became a piñata in the wingnuts’ last-ditch attempt to salvage something—anything—for their base during the 2008 elections. But since 1970, when the community organizing group was founded, the organization has accomplished a lengthy and impressive list of victories on behalf of low- and middle-income families. Among its achievements, ACORN has:

* Moved more than 2 million homes into ownership by low-income people in less than 20 years.
* Spearheaded the living wage movement that resulted in raising the hourly pay of some of the lowest-paid workers in more than 140 cities between 1996 and 2006 before going on to win statewide minimum wage increases in several states, such as Ohio, Missouri, Colorado and Arizona in the 2006 elections.
* Partnered with H&R Block to reduce predatory fees charged to low-income people who receive rapid anticipation loans, with one such fee reduction resulting in a savings of $200 million for tax filers.

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