Elizabeth Warren’s Q&A of Ben Bernanke at Senate Banking Committee
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United Auto Workers To File Federal Ethics Complaint Against Romney
UAW Charges Romney With Profiteering From Auto Bailout EXCLUSIVE: GREG PALAST FOR BUZZFLASH AT TRUTHOUT: Toledo, Ohio – Wednesday Evening October 31, 2012 For Mitt Romney, it’s one scary Halloween. The Presidential candidate has just learned that tomorrow afternoon (November 1) he will be charged by the United Automobile Workers…
Obama’s Mortgage Fraud Task Force Sues JPMorgan Chase
From ThinkProgress: New York Attorney General Eric Schneiderman (D) has filed a civil lawsuit against JP Morgan Chase alleging “widespread fraud in the sale of mortgage-backed securities,” the Wall Street Journal reports. The suit is the first action brought by the Obama administration’s mortgage fraud task force, which Schneiderman chairs.…
Corporations are the Real Moochers and Welfare Queens
From Institute for Souther Studies: If, as Romney suggested, moocherism begins with the failure to pay federal income taxes, then that label can easily be applied to many of the country’s major companies. A November 2011 report by Citizens for Tax Justice and the Institute on Taxation and Economic Policy…
Investor and Landlord Class Feed Off Victims of Foreclosure Crisis
This is capitalism/corporate welfare in America, folks: In February, the Federal Housing Finance Agency, which oversees the government-backed mortgage companies Fannie Mae and Freddie Mac, announced that it would sell about 2,500 homes in a pilot program in eight metropolitan areas, including Atlanta, Chicago and Los Angeles. And Bank of…
A Musical Dedication to Romney and the GOP Gang: I Heard it Today
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States Negotiate $26 Billion Deal for Homeowners
From NYT: After months of painstaking talks, government authorities and five of the nation’s biggest banks have agreed to a $26 billion settlement that could provide relief to nearly two million current and former American homeowners harmed by the bursting of the housing bubble, state and federal officials said. It…
Schneiderman Announces Major Lawsuit Against Nation’s Largest Banks
From the NYAG Office: Attorney General Eric T. Schneiderman today filed a lawsuit against several of the nation’s largest banks charging that the creation and use of a private national mortgage electronic registry system known as MERS has resulted in a wide range of deceptive and fraudulent foreclosure filings in…