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 of their homes and even hiring thugs to illegally break into houses. more »
A full 90 members of Congress who voted to bailout Wall Street in 2008 failed to support financial reform reining in the banks that drove our economy off a cliff. more »
According to a flurry of headlines today, a panel of economists just announced that "the recession's over." Is that true? Yes. Does that mean we're no longer in a crisis, or that steps to fix the economy aren't as urgently needed as they were before? Absolutely not. The situation on the ground - in the lives of the millions of people who must survive in today's economy - hasn't changed. more »
Before I start this post, let's look at the actual situation. The economy is terrible, people are really hurting, they have been holding out and are starting to drop off the map. There are signs that with the stimulus fading things are starting to turn back down. But compared to what?
Robert Rubin and Joseph Stiglitz are going public on jobs and the deficit, in what looks very much like a re-run of a major policy debate during the Clinton era. The dispute is simple—should the government focus on putting people back to work, or should it try to cut the deficit? more »
The financial services reform bill is on the Senate floor this week. The recently announced criminal investigation of Goldman Sachs, the bumbling testimony of Goldman's "Fabulous Fab" and the rocking Wall Street protest last Thursday show that momentum is with reformers. more »
The effects of the recession have been far reaching –that is no secret of course –but the picture for students in this downturn is only beginning to be painted more clearly. According to the Higher Education Research Institute’s annual survey of college freshman, students are really feeling the financial squeeze unlike ever before.
Delicious
Digg
StumbleUpon
Propeller
Reddit
Magnoliacom
Newsvine
Furl
Facebook
Google
Yahoo
Technorati
