by Isaiah J. Poole | May 5, 2009 | Blog
Progressives who have been campaigning for an independent commission to expose the causes of today's financial crisis are about to score a major victory as early as Wednesday in the House. That is when the House is expected to take up mortgage fraud legislation that...
by Isaiah J. Poole | Apr 29, 2009 | Blog
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by Isaiah J. Poole | Apr 28, 2009 | Blog
The warning, in retrospect, could not have been any clearer. It led to this unambiguous headline on CNN.com on September 17, 2004: "FBI warns of mortgage fraud 'epidemic'." Assistant FBI Director Chris Swecker said the booming mortgage market, fueled by low interest...
by Isaiah J. Poole | Apr 24, 2009 | Blog
Economist Simon Johnson, in an interview Friday on "Bill Moyers' Journal," makes the case for why the nation needs a tough, independent inquiry into the financial crisis similar to the Pecora Commission of the 1930s. "Everyone is worried about the disproportionate...
by Isaiah J. Poole | Apr 23, 2009 | Blog
Momentum toward a Pecora Commission-style inquest into the roots of the financial crisis got a boost from the Senate on Wednesday when it approved an amendment to a financial fraud bill that would authorize a select investigative committee. If the bill passes with the...
