At the same time Obama denounced the subprime lending fiasco as immoral and reckless, government-backed GM ramped up its subprime lending practices
TheDC Morning: Soda tax will not make fatties less fat - TheDC
Read TheDC Morning: An unvarnished e-mail summary of what’s really happening in political news
Warren's plan to protect consumers: ask consumers for tips - TheDC
In an interview with the National Journal, the mastermind behind the Bureau of Consumer Financial Protection explains her strategy for battling the banks
Those black American Express cards
The room was filled with the partners of Goldman Slacks, a shop so powerful that, the partners joked, the U.S. Treasury Secretary had a picture of their chairman framed in his office, rather than one of the president.
'Summerwind' blows no good for Greene - Politico
Mike Tyson gave an interview describing his lost “junkie” days, a period he spent on Greene’s 145-foot yacht, Summerwind
Condo deal taints Greene's bystander claim - Miami Herald
Greene insists he had nothing to do with creating the subprime mortgage mess, yet four years ago he was making millions off the crisis
More of the rich run as populist outsiders - NYT
Even as voters express outrage at big bailouts and bonuses, their search for political saviors has led them to rich candidates
Mortgage rates hit 50-year low - AP
Mortgage rates sink to lowest level in more than five decades, consumers don’t rush to refinance their loans or buy homes
Bailout recidivism: Banish Fannie and Freddie
The same destructive policies remain. Fannie and Freddie persist to give loans to people who cannot afford them. Coupled with the Federal Reserve’s easy-lending practices, the government continues to risk putting us all into further economic peril. We must take the power away
Borrowers flee faulty Obama mortgage program - AP
More than a third of the 1.24 million borrowers who have enrolled in the mortgage modification program have dropped out
Jeff Greene won big - shorting the market - The Daily Caller
Now he’s hoping to get elected to the Senate from a state whose economy has been devastated by the collapse of that very market
Dems block reform of corrupt mortgage giants
Fannie Mae and Freddie Mac will receive billions more in bailouts for government-sponsored enterprises
19 Billion reasons to reform Fannie and Freddie
Former government-sponsored enterprises ask for additional $8.4 billion, $10.6 billion federal assistance
Team Obama rounds up the villains
Failure cannot be Congress’ fault for spending too much. It has to be some other villain — never them
Goldman Sachs and their kin
Identifying the points that are particularly important for the broader issue of regulatory reform to deal with the weaknesses that produced the housing price bubble, its collapse, and the near collapse of the over-leveraged financial sector that finance the bubble
Welcome to Pluto
As a society, we’ve lost our nerve when it comes to bankers and their lobbyists. The Age of the Plutocrat has well and truly arrived
Beware the financial Trojan horse
Trojan Horse Financial “Reform” Bill Enriches Goldman Sachs, Rips Off Taxpayers
U.S. claims mismanagement over regulation of WaMu - New York Times
Regulators failed for years to properly supervise the giant savings and loan Washington Mutual, even as the company wobbled under the weight of risky subprime mortgages, a federal investigation has concluded
