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 [...]

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 [...]

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 [...]