by Zach Carter | Oct 8, 2010 | Blog
Anybody looking for a primer explaining why the current foreclosure fraud issue is a major systemic risk for the financial system should check out Mike Konczal's new post for the Roosevelt Institute. I'm going to try and simplify it even further here, and present the...
by Zach Carter | Oct 8, 2010 | Blog, Economy, Financial Reform
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 American Enterprise Institute. Each event was depressing in its own...
by Zach Carter | Oct 7, 2010 | Blog
I'll have plenty to say about the escalating foreclosure fraud scandal later this week. For now: This is a big, big deal. It isn't a clerical error, it's an aggressive attempt to slap borrowers with thousands of dollars in illegal fees for the luxury of being...
by Zach Carter | Oct 7, 2010 | Blog
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 the newly-established Financial Stability Oversight Council...
by Zach Carter | Oct 7, 2010 | Blog
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 are now being implicated in a massive new fraud scandal involving the...
