by Richard Eskow | Oct 18, 2010 | Blog, Financial Reform
Jamie Dimon and the other mega-bankers who derailed the economy have a new PR campaign to sell you. They're saying that families who can't pay their mortgages must bear the blame - all the blame - for the foreclosure crisis. That means the public should just ignore...
by Richard Eskow | Oct 14, 2010 | Blog
Heard the one about the Social Security Trust Fund that holds nothing but "IOUs"? That phony claim goes back to at least 1939, when a rabidly anti-Roosevelt journalist named John T. Flynn used a colorful analogy about a tin box in a drawer in order to argue that...
by Richard Eskow | Oct 14, 2010 | Blog
Appeared on the Jaco Report on Fox News in St. Louis. We had a good talk about foreclosure fraud, the "automated greed factories," and the dead soul of modern banking: Richard Eskow Jaco St Louis Fox 10-13-10
by Richard Eskow | Oct 12, 2010 | Blog, Financial Reform
The foreclosure fraud scandal is a big deal (or a big "effin'" deal, as Joe Biden might say). But its real significance is an even bigger deal. Foreclosure fraud is one domino, and if it falls others will follow. The result could be an end to the "invisible bailout" -...
by Richard Eskow | Oct 12, 2010 | Blog, Financial Reform
Two seemingly unrelated stories from the past week illustrate a fundamental problem with today's financial system. While this problem may seem "philosophical" or abstract, it's very real, and we won't put our economy back on a sound footing until we get a handle on...
