Bailout


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Barney Frank and the Fed Bailout Fallacy

By Zach Carter
December 9, 2010

Mike Stark has posted a provocative on-the-street interview with Barney Frank about the recently released Fed data. Frank offers what is now a standard defense of the Fed's bailout operations: Without them, the economy would have collapsed, so critics should just quit whining. read more »

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Fed Audit-- Liveblog on Data Dig

By Zach Carter
December 1, 2010

Just starting to parse through the Fed audit data. Looks like the Primary Dealer Credit Facility is predominantly a bailout for Citigroup and Bank of America. More to come . . .

UPDATE: read more »

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Will The Fed Withdraw Its Foreclosure Predator Bailout?

By Zach Carter
November 30, 2010

Yesterday, The New York Times ran an editorial opposing a new Federal Reserve proposal to eliminate predatory lending penalties. read more »

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House Tries to Bail Out Foreclosure Fraudsters, Again

By Zach Carter
November 17, 2010

A month ago, President Barack Obama vetoed a bill that would have made it far more difficult for borrowers to prove that banks were engaging in foreclosure fraud. read more »

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Obama's Top Priority Must Be Jobs, Not Republican Appeasement

By Zach Carter
November 3, 2010

Economic policy has faced grave challenges over the past two years, hamstrung by obstructionist Republicans in the U.S. Senate and Wall Street-friendly advisers in the Obama administration. With the Republican Party now in control of the House, it seems certain that any major action to create jobs will face tremendous obstacles. This is a global calamity. read more »

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AIG Redux: Wall Street Presses Regulators To Repeal New Derivatives Rules

By Zach Carter
October 28, 2010

It's been pretty well-documented that the ultimate fate of Wall Street reform will depend on a series of highly technical proceedings at federal regulatory agencies. If regulators adopt tough new rules, the financial overhaul could succeed well beyond the expectations of optimistic reformers. read more »

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Banker-Run Third Way Opposes Foreclosure Moratorium On Banks

By Zach Carter
October 20, 2010

The so-called “centrists” at Third Way Foundation have come out against a national foreclosure moratorium, but like many of Third Way’s policies, there’s nothing centrist about their opposition. read more »

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Axelrod Is Wrong: Obama Must Protect American Families From Wall Street Fraud

By Zach Carter
October 11, 2010

If senior White House adviser David Axelrod’s comments this weekend are any indication, the Obama administration is woefully misreading the foreclosure fraud crisis currently gripping the U.S. economy. read more »

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Obama Must Reject The Foreclosure Fraud Bailout

By Zach Carter
October 7, 2010

UPDATE: President Obama vetoed the foreclosure fraud bailout this afternoon, but plenty of other battles are already raging. Rep. read more »

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Robbing The Middle Class: Republican 'Pledge' Lets Wall Street Off The Hook

By Zach Carter
October 5, 2010

I didn't expect to see serious economic policy discussions in the "Republican Pledge To America," but even by Washington, D.C. standards, this document is staggeringly disingenuous. read more »

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