Liveblogging the Washington Mutual hearing

4:25 Levin is ripping Killinger on option-ARM delinquencies. WaMu performed a study concluding that option-ARMs were about to default like crazy, and right after that study, WaMu started pushing option-ARM […]
Zach Carter

Trade Deficit Grows

Where I previously wrote that some things were getting worse more slowly, the trade deficit is just getting worse again. The US Trade Deficit Widened in February ‎by 7.4 percent […]

Hu Knew

Hu knew. Chinese president Hu Jintao knew that upon coming to Washington for Obama’s nuclear security summit he would have to have a serious chat about currency with President Obama […]
Steven Capozzola

Tax Audits: IRS Gives Big Corporations a Pass

Big corporations still get away with it. A stunning new analysis by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University shows how the IRS targets smaller corporations, while larger […]

Heritage Foundation and the “Luck” of the Irish

You wouldn’t know it from the Heritage Foundation’s 2010 Index of Economic Freedom, but the economic "luck of the Irish" ran out in 2008. Not only did the "Celtic Tiger" […]
Terrance Heath

URGENT: Stop CNN From Airing Deficit Propaganda

This weekend, CNN is giving four hours of free airtime to the leading propagandist fanning the flames of deficit hysteria, Pete Peterson, along with his lackeys.  Bloggers and online activists […]
Roger Hickey

Liveblogging the Fannie Mae Hearing

2:00 FCIC Commissioners today have been much more aggressive than they’ve been in any hearing thus far. Watching Bill Thomas go after Fannie Mae exec Robert Levin on lobbying was […]
Zach Carter

Why Is It So Hard To Hold Wall Street Accountable?

The Financial Crisis Inquiry Commission hearings continue to be a broad, boring failure, peppered with a few moments of significant insight. Throughout most of yesterday’s hearing featuring the nation’s top […]
Zach Carter

U.S. Trade deficits with China since 2001

In 2005, China incrementally budged its currency after heavy pressure from the U.S. The move was expected to “trim the trade gap” between the two countries. Unfortunately, that didn’t happen, […]
Steven Capozzola

Break up the Big Banks

Naked Capitalism posts a great blog from George Washington of the Washington Blog arraying the authorities who have now come out for breaking up the big banks. Everyone from small […]
Robert Borosage

Finally! The SEC Charges a Big Bank With Fraud

Finally! Nearly two years after one of the worst financial crashes in history—and nearly three years after the crisis broke out—the SEC has charged a major bank with accounting fraud. […]
Zach Carter

10 Questions For John Dugan and John Hawke

The Office of the Comptroller of the Currency (OCC) is the top bank regulatory agency in the United States. It oversees the largest banks in the country, and completely failed […]
Zach Carter

Trading Jobs For Diplomacy?

The Obama administration appears to have backed off from pressuring China to revalue its currency, for now, likely in exchange for diplomatic concessions including helping to pressure Iran on nukes. […]

10 Questions for Robert Rubin and Chuck Prince

Robert Rubin and Chuck Prince ran the financial giant Citigroup in the years leading up to the Great Financial Crash of 2008. Together, their leadership proved so disastrous that the […]
Zach Carter

Rights at Home

Mossville, Louisiana is an historic African American community in the southwest part of the state. Like too many similar communities around the country, it is surrounded by 14 industrial facilities […]
Alan Jenkins

Social Security Works for Veterans

– Veterans and their families make up almost 40 percent of the adult Social Security beneficiary population, which means two out of every five either are veterans or reside with […]
Alex Lawson

Big Weekend News On China Currency Problem

While publicly saying that China is manipulating its currency — a very big deal — Treasury Secretary Geithner announced over the weekend the administration is getting around the problem of […]

None Dare Call It Sedition

Sedition: Crime of creating a revolt, disturbance, or violence against lawful civil authority with the intent to cause its overthrow or destruction — Brittanica Concise Dictionary Well, finally. It’s high […]
Sara Robinson

Another Gangbuster Year for CEO Pay

Don’t be fooled by all the poor-mouthing around the latest annual executive pay surveys. With Washington dithering on CEO pay reform, chief execs still have plenty of reason to celebrate. […]

Paul Krugman is Wrong About the Big Banks

I rarely accuse Paul Krugman of failing to think clearly, but he’s missed the mark with his his argument against breaking up the U.S. too-big-to-fail financial oligarchy. Here’s Krugman’s core […]
Zach Carter

Rising From ACORN’s Fall

News reports today that California Attorney General Jerry Brown did not find cause to prosecute workers for the community group ACORN who were caught in a sting orchestrated by a […]
Isaiah J. Poole

Fairly Unbalanced

OK. This is truly getting tiresome. I know the media is making an attempt to be "fair and balanced" in writing about the threats of violence against Democratic lawmakers after […]
Terrance Heath
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