Campaign Cash How Citizens United Will Change Elections Forever

Undue corporate influence over U.S. elections has been a serious problem in American politics for decades, but this year's Supreme Court ruling in Citizens United v. Federal Election Commission made things worse. Worst of all, we may never know the extent of the damage.
Zach Carter
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And The Door Revolves

Sen. Tim Johnson, D-S.C., is almost certain to be chairman of the Senate Banking Committee next year, once current chair Chris Dodd, D-Conn., is out of office. Johnson has never […]
Zach Carter
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Barney Frank and the Fed Bailout Fallacy

Mike Stark has posted a provocative on-the-street interview with Barney Frank about the recently released Fed data. Frank offers what is now a standard defense of the Fed’s bailout operations: […]
Zach Carter
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A Tax Deal Fit For The Gilded Age

President Barack Obama and Congressional Republicans are ready to mortgage the American economy to billionaires in exchange for a few months of unemployment benefits. This deal is easily the gravest […]
Zach Carter
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Highway Robbery and the Progressive Future

Kevin Drum gives a pretty thorough analysis of President Obama’s open assault on the mainstream Democratic Party at yesterday’s press conference, and declares that “programmatic liberalism is dead.” I think […]
Zach Carter
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The Fed Lied About Wall Street

The data from the Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who implement it. When Wall Street went off the rails in the […]
Zach Carter
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Fed Audit– Liveblog on Data Dig

Just starting to parse through the Fed audit data. Looks like the Primary Dealer Credit Facility is predominantly a bailout for Citigroup and Bank of America. More to come . […]
Zach Carter
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Yes Megan Bankers Break The Law

I frequently disagree with Megan McArdle, but her WikiLeaks post yesterday on struck me as simply delusional. The basic argument: megabank financiers haven’t committed any crimes, because if they had, […]
Zach Carter
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GAO Bank Regulators Not Even Looking At Foreclosure Practices

A rather nauseating statement from a Government Accountability Office report on foreclosures: Because they generally focus on the areas with greatest risk to the institutions they supervise, federal banking regulators […]
Zach Carter
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Will The Fed Withdraw Its Foreclosure Predator Bailout

Yesterday, The New York Times ran an editorial opposing a new Federal Reserve proposal to eliminate predatory lending penalties. The rule under consideration is the same obscure regulation I blogged […]
Zach Carter
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Ben Bernanke and Conservative Economic Sabotage

The Republican Party’s newfound political assault on Ben Bernanke is a grim reminder of the actual conservative economic agenda for the next two years. The midterm elections taught Republicans a […]
Zach Carter
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House Tries to Bail Out Foreclosure Fraudsters Again

A month ago, President Barack Obama vetoed a bill that would have made it far more difficult for borrowers to prove that banks were engaging in foreclosure fraud. The bill […]
Zach Carter
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The Feds New Foreclosure Predator Bailout

Despite escalating outrage over rampant foreclosure fraud, the Federal Reserve now appears ready to eviscerate a key mortgage regulation in an effort to spare banks the losses from their own […]
Zach Carter
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Ridiculous Idea of The Day Melissa Bean for CFPB

This is a joke. Politico is floating the idea that notorious Wall Street crony Rep. Melissa Bean, D-Ill., could be tapped to head the Consumer Financial Protection Bureau if she […]
Zach Carter
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Obamas Top Priority Must Be Jobs Not Republican Appeasement

Economic policy has faced grave challenges over the past two years, hamstrung by obstructionist Republicans in the U.S. Senate and Wall Street-friendly advisers in the Obama administration. With the Republican […]
Zach Carter
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Win or Lose Perriello Reveals Progressive Power

Tom Perriello always knew it would be hard to hold his seat in Congress. The progressive Democrat from Albemarle County, Va. represents a district designed to nullify liberal votes with […]
Zach Carter
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Wall Streets Tea Party

The Tea Party likes to wrap itself in “grassroots” contempt for wealthy elites, but the 12 leading Tea Party Senate candidates have accepted over $4.6 million in campaign contributions from […]
Zach Carter
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The Elephant In The Foreclosure Fraud Room Second Liens

There’s been plenty of recent media attention to the prospect of investor lawsuits over fraudulent mortgages and mortgage securities. But investor lawsuits against mortgage servicers could be even more damaging […]
Zach Carter
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Banker-Run Third Way Opposes Foreclosure Moratorium On Banks

The so-called “centrists” at Third Way Foundation have come out against a national foreclosure moratorium, but like many of Third Way’s policies, there’s nothing centrist about their opposition. Third Way […]
Zach Carter
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Yes Fortune Wall Street Fraud is a Problem

A lot of frequently credible publications have been pumping out drivel lately blaming borrowers for the ever-widening foreclosure fraud scandal. Fortune Magazine has the latest of these blame-the-borrower narratives. It […]
Zach Carter
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The Subprime Swindle And The Foreclosure Fraud Cover-Up

There are plenty of reasons why the foreclosure fraud crisis sweeping the nation’s housing market is an economic disaster. Banks are charging borrowers illegal fees, kicking the wrong people out […]
Zach Carter
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Want To Create Jobs Break Up The Banks

I attended two big economic gatherings this week, one on financial reform organized by finance blogger Mike Konczal for The Roosevelt Institute, another on the economic outlook, presented by the […]
Zach Carter
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Obama Must Reject The Foreclosure Fraud Bailout

UPDATE: President Obama vetoed the foreclosure fraud bailout this afternoon, but plenty of other battles are already raging. Rep. Alan Grayson, D-Fla., is calling for Treasury Secretary Timothy Geithner and […]
Zach Carter
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Organized Crime Wall Streets Foreclosure Fraud Machine

Just when you thought Wall Street couldn’t defraud the economy any further, it went ahead and did it. After pushing millions of borrowers into foreclosure with fraudulent loans, big banks […]
Zach Carter
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