Filling the Crater Left by the Financial Crisis Bomb

By: Saturday November 3, 2012 9:00 am

The latest jobs report is out, painting a picture of an economy slowly climbing out of a major crater. As the Financial Crisis Inquiry Commission said right at the top of their final report, things did not have to be this way. This was an avoidable crisis, and it was exacerbated by risky and illegal business practices, regulatory failures, and systemic problems related to oversight and accountability.

While the top race on next Tuesday’s ballot will surely affect how things move forward next year, it’s the lower level races that have the potential for really moving things in a new direction in DC. There’s a big crater that still needs to be filled, and getting local officials in office who are willing to scream for accountability, for regulation, and for good government that addresses the needs of the people is probably the most direct way I can help.


The Democratic Platform’s Nonsense on Banks

By: Tuesday September 4, 2012 3:17 pm

The Democratic Platform seems to have missed the central point of the banking mess: the Obama administration did not investigate the disaster, and didn’t indict anyone for the crimes that led to the Great Crash. In fact, the administration specifically refused to follow up on criminal referrals from the Financial Crisis Inquiry Commission regarding one of the Goldman Sachs mortgage deals, saying as it always does, that it stinks, but isn’t a crime.

Mr. President, Why Haven’t There Been Criminal Investigations of Wall Street Elites?

By: Sunday June 12, 2011 6:45 am

The Obama Administration is not even investigating financial crimes. Is it because they think what the banksters did was just fine, or because the banksters are social peers, and criminal prosecution is just beyond comprehension?

What Juror Wouldn’t Convict A Bankster On Known Facts?

By: Tuesday March 1, 2011 4:23 pm

The circumstantial evidence is easily sufficient to show that at least some of the banksters who sold real estate mortgage-backed securities to unsuspecting investors had the required mens rea of intent to defraud.

Statute of Limitations for Securities Fraud Burns, US Attorney for SDNY Fiddles

By: Friday February 18, 2011 2:30 pm

Preet Bharara, the US Attorney for the Southern District of New York, is letting the statute of limitations run on securities fraud related to sales of real estate mortgage-backed securities. He’s very busy with insider trading cases and partying with his buddies at the law firms that got reich creating teh deals and then coping with the fall-out.

Clinton’s Blowjob: 5 Times More Important Than Wall Street Crash

By: Wednesday February 2, 2011 5:23 pm

Honest, I’m posting this video not for obvious affinities I have for Dylan Ratigan’s argument. But mostly because of the obvious suggestion, based on the resources we dedicate to investigating them, that Clinton’s blowjob was five times more dangerous for our country than the crash of our entire financial system.

Special FDL Book Salon Preview: Chat with FCIC’s Byron Georgiou about FCIC’s Report

By: Monday January 31, 2011 6:00 pm

Join us for a special FDL Book Salon tomorrow at 2:00 p.m. ET when FDL’s Ed Walker will host a live chat with Financial Crisis Inquiry Commissioner Byron Georgiou. They’ll be discussing the FCIC’s financial crisis report and take your questions on the same.

FCIC Explains Some Bankster Crimes

By: Saturday January 29, 2011 5:00 pm

The sensible members of the FCIC referred criminal violations as they deemed appropriate. They properly did not discuss them. The Final Report gives clues about the crimes the sensible majority suspect.

Liveblog: FCIC Report Release – “None of What Happened Was an Act of God”

By: Thursday January 27, 2011 7:32 am

Angelides: there’s much anger in this country about what’s transpired. Many looked to this commission for answers. We kept these people in mind as we completed our work. There has been no shortage of debate over the bailout and too big to fail. But our mission was to figure out the origins. How did it come to pass that we were forced to choose between two stark and painful alternatives? Rescue the banks or let them crash? None of what happened was an act of God.

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