For the rich sleazoids who caused the Great Crash, it’s hard to decide which mansion to live in today. You losers should suffer for their entertainment.
|By: masaccio Sunday September 15, 2013 10:34 am|
|By: masaccio Sunday June 30, 2013 10:45 am|
The conservatives on the Supreme Court use reason as a weapon in their political struggle. Think of it as intellectual leprosy.
|By: masaccio Sunday May 5, 2013 10:00 am|
Are you in debt? You are a bad person. Politicians in both parties despise you and would prefer that you be crushed under the weight of your debt.
|By: masaccio Friday May 3, 2013 7:45 am|
Financial sadists seeking willing submissives: apply @FixTheDebt. Congress and President will be glad to help you make that decision for the benefit of the oligarchs.
|By: David Dayen Monday October 22, 2012 2:00 pm|
Mike Konczal decided to do some sorely missed actual reporting at last week’s debate, seeking out Glenn Hubbard, one of Mitt Romney’s key economic advisers, for a discussion on housing policy.
|By: masaccio Sunday May 20, 2012 10:30 am|
Conservatives say that government is useless and that the private sector is the only way to solve economic problems. They are wrong and they are destroying the economy.
|By: David Dayen Thursday December 1, 2011 8:20 am|
Most of what James Theckston describes is familiar – the financial incentive (and pressure from his corporate parent) for lenders to sign up subprime borrowers, even to those who qualified for prime loans; the racial and ethnic biases exposed by preying on the weak or uneducated; the unfairness of bailing out those Wall Street banks and doing nothing for the homeowners whose lives were ravaged.
|By: masaccio Thursday September 1, 2011 4:04 pm|
Banksters have figured out that they can stall real solutions to the housing/foreclosure mess and eventually the congress will give them some kind of back door bailout. They are probably right.
|By: masaccio Monday August 22, 2011 6:30 pm|
It was bad enough that the Feds stopped enforcing the law. Now they want the State Attorney Generals, including Eric Schneiderman of New York, to stop enforcing the law. But only as to banksters. Pot smokers are still fair game.
|By: David Dayen Friday February 4, 2011 2:10 pm|
Keep in mind that we have a letter signed by Larry Summers, during the transition, saying that the Administration will undertake “reforming our bankruptcy laws” to help keep homeowners in their homes. And we have assurances delivered in writing to lawmakers like Donna Edwards and Jeff Merkley that they would take this up. All of this has gone down the memory hole now, but this was a fundamental promise, and they broke it. As a result, we have a program to help homeowners that it entirely voluntary on the part of the servicer, with predictable results.