Warren Shoots to Top of Short List for CFPB Job

By: Tuesday April 26, 2011 6:17 am

Warren was the emissary sent to Senate Democrats’ offices to warn them about an imminent recess appointment. Which could be herself.

 

Imminent OCC Enforcement Order on Banks Barely a Slap on the Wrist for Foreclosure Fraud

By: Monday April 4, 2011 3:50 pm

I enjoyed the 60 Minutes story last night on the mortgage mess, because it actually went beyond robo-signing and touched on some of the more fundamental ways in which banks have committed fraud on state courts. Sheila Bair, in suggesting that individual homeowners could be paid off as a make-good for this trouble, and also suggesting that the banks could somehow cure this problem if they put enough time and effort into this, either displayed a misunderstanding of the issues or a not-very-credible recitation of the Administration line. In fact, some of these things cannot be fixed retroactively. The individual homeowner would have to give up due process rights for a cash payout that would result in them leaving their own home, and I simply don’t know who would agree to such a setup in the real world.

60 Minutes Tackles Foreclosure Fraud Tonight, Exposing Unresolved Chain of Title Problems

By: Sunday April 3, 2011 4:00 pm

I am definitely looking forward to tonight’s 60 Minutes special on foreclosure fraud. In it, the head of the FDIC, Sheila Bair, will call for a cleanup Superfund to cleanse the country of toxic mortgages.

Merkley to Obama: Address the Foreclosure Crisis at the State of the Union

By: Thursday January 20, 2011 7:55 am

Among the few people in Washington willing to bring up the inconvenient and much ignored foreclosure crisis is Sen. Jeff Merkley. He unveiled an actual plan for fixing the mortgage market Tuesday, and today he writes a letter to the President, pleading with him to wake up and acknowledge the robo-signed, improperly-conveyed-to-the-trust elephant in the room. He wants the President to use the State of the Union to restart this conversation.

Liveblog: FDIC Looks into Small Business Lending, Bernanke to Testify

By: Thursday January 13, 2011 11:45 am

I am here in Alexandria VA at an event being put on by FDIC to look at small business lending issues. Federal Reserve Bank Chairman Ben Bernanke is a panelist as well as several members of Congress, bankers and of course, a representative from the U.S. Chamber of Commerce, who represents small business about as much as bin Laden represents U.S. national security interest.

Et tu, Sheila Bair?

By: Friday November 26, 2010 12:00 pm

Sheila Bair, Chairwoman of the Federal Deposit Insurance Corporation, is supposedly one of the few at least halfway sensible federal regulators who actually warned about the banks’ risky behavior and maintains a healthy skepticism of the laissez faire ideology that shielded their predatory behavior both before and after it tanked the US and Western economies.

Late Night: Jane Hamsher on Obama’s Boys’ Club That Won’t Listen to Women Who Were Right

By: Friday August 6, 2010 8:00 pm

Firedoglake.com founder Jane Hamsher appeared on MSNBC this afternoon with host Cenk Uygur. The topic for discussion was the evolving story that Christina Romer’s resignation as head of President Obama’s Council of Economic Advisers is symptomatic of a larger problem of women not being treated equally within the Obama administration. Hamsher describes how, especially within the White House economic team, women who were right about the economic meltdown are ignored in favor of the men on the team who were “aggressively wrong” in making both the decisions that led to the disaster as well as current decisions that are not improving the situation sufficiently.

Barr, Bair Tapped As Anti-Warren Forces Make Their Move

By: Monday August 2, 2010 8:35 am

The people who don’t want Elizabeth Warren running the Consumer Financial Protection Bureau have consistently sought other options.

Who Can Obama Nominate To Head Up the Consumer Financial Protection Bureau?

By: Saturday July 17, 2010 7:56 am

Timothy Geithner doesn’t like Elizabeth Warren, she is mean to him. Who, then, can we get to head up the Consumer Financial Protection Bureau?

FDIC Given New Powers to Investigate Banks

By: Tuesday July 13, 2010 1:00 pm

Nobody pop the champagne corks yet. But we may actually get to the bottom of the fraud in the financial sector.

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