Tell the SEC: Revoke Standard and Poor’s Ratings Authority

By: Thursday September 29, 2011 10:43 am

For their role in the mortgage crisis alone, S&P deserves to have their government seal of approval revoked for their reckless use of their ratings authority. A decision could be handed down any day. Call the SEC now and tell them to revoke S&P’s government seal of approval for their reckless use of their ratings authority

Banksters Make Bad Neighbors

By: Friday April 15, 2011 1:21 pm

It seems some of the biggest, most profitable banks in America could be responsible for your property values dropping and your neighborhood becoming less safe as a result of poorly maintained vacant homes. From the Boston Globe: Two of the city’s top delinquent landlords are not landlords at all. They’re banks. City officials said Wells [...]

Largest Mortgage Firms Profit from Crime, Kill Moral Hazard for All of Wall Street

By: Tuesday March 29, 2011 9:14 am

I truly fear the next financial collapse, which indeed will happen, because over the past three years, both Republican and Democratic administrations haven’t just killed moral hazard for the larger financial sector, they have dragged its corpse down Wall Street in an elaborate funeral procession for all to see. The latest example of comes from [...]

Too Big to Jail: America’s Theft Inflection Point

By: Thursday March 17, 2011 7:33 am

This article in the Huffington Post about how Treasury Secretary Tim Geithner is pushing the state attorneys general to quickly as possible “bring to bed” their investigations of the wide-scale systematic violations of law by the nation’s largest financial institutions is a great reminder that, in America, there is a very important theft-to-punishment inflection point [...]

GAO: Treasury Has Failed to Make Needed Improvements to HAMP

By: Wednesday March 2, 2011 4:43 pm

The Home Affordable Modification Program (HAMP) has basically been a disaster since its start, and it remains one to this day. Roughly nine months ago, the Government Accountability Office examined the program, found many problems, and made several recommendations to improve it. Since then, the Treasury department has failed to make most of the needed [...]

Bernanke Helps House GOP, Claiming Immediate Cuts Will Barely Hurt Growth

By: Tuesday March 1, 2011 1:42 pm

In contrast to the analysis by Goldman Sachs and Moody’s Anlaytics–which both concluded the immediate cuts pushed for by House Republicans would significantly reduce economic growth–Federal Reserve Chairman Ben Bernanke claimed they would do little harm. The backing of such an important official should be a real boost to Republican efforts to push for immediate [...]