Chris Dodd Uses Hearing to Call on Geithner to Do His Job
Chris Dodd didn't have many questions in yesterday's hearing on the foreclosure crisis. But he did use the opportunity to call on Tim Geithner to convene the Financial Stability Oversight Council to prevent this crisis from blowing up the…
About that AG "Investigation" and "Settlement"
About four hours ago, Iowa's Attorney General Tom Miller testified to the Senate Banking Committee it would be months before the combined AG "investigation" came up with a settlement (he also suggested that there were new aspects that were…
Liveblog: Senate Banking Committee on Foreclosure Fraud
See Part One of this liveblog here.
Shelby was actually pretty good, but then Johanns and Bennett went to some length to try to pretend the banksters weren't doing what they were doing.
Johnson: Does the law need to be change?
Levitin:…
The Bankster's Stenographer Claims Credit for Private Equity
For some reason, Andrew Ross Sorkin felt the need to weigh in on the debate over whether Rick Wagoner or Team Auto should get credit for GM's turnaround.
He probably shouldn't have, seeing as how some of his evidence against Wagoner is that…
TARP Oversight Panel: Securitization Mess May (Re)Crash the Economy
The TARP Congressional Oversight Panel just released a report dedicated to the foreclosure fraud problem and the securitization mess underlying it. They conclude that the problems may represent a significant problem for the housing market and…
Binyam Mohamed Wins Settlement for Being Tortured
Binyam Mohamed and a number of other detainees will be paid millions by the British government to compensate for their role in torturing him.
Around a dozen men who accused British security forces of colluding in their transfer overseas are…
We Will Always Be at War against Everyone
As Spencer reported yesterday, the incoming Chair of the House Armed Services Committee Buck McKeon wants to revisit and expand the 2001 AUMF authorizing our war against al Qaeda.
The objective wouldn’t the “drop a new Authorization to…
David Stern, Foreclosure King, a Deadbeat
If only David Stern were being treated as badly as he treats homeowners, this would bring real schadenfreude.
In a regulatory filing published today, Stern's publicly traded company revealed that one of its subsidiaries failed to pay rent…
DOJ IG Doesn't List Foreclosure Fraud among Significant Performance Challenges
A month ago, the Financial Fraud Task Force first started to get around to investigating the systemic fraud in our foreclosure system.
Federal investigators are exploring whether banks and other financial firms broke U.S. law when using fraudulent…
With 50 Million Food Insecure and 59 Million Uninsured, No Wonder Dems Lost
In the last week or so, two public reports have cataloged the growing insecurity of Americans.
Last week, CDC reported that the number of people without health insurance topped 59 million in the first quarter of this year (up 400,000 from…
Will a Role in Afghan Peace Negotiations Trump Indefinite Detention?
The Telegraph reports that a High Peace Council convened by Hamid Karzai may request that some Gitmo detainees be freed so they can participate in peace talks. (h/t Carol Rosenberg)
Taliban prisoners would be freed from Guantánamo Bay to potentially…
Sheriff Dart: 5% of Chicago's Foreclosures DON'T Have Problems
The WaPo has a story on the growing realization that the banksters have been engaging in massive fraud to keep churning out foreclosures. It includes a detail about Chicago Sheriff Thomas Dart's refusal to enforce foreclosures I did not know:…
Khalid Sheikh Mohammed and the Forever War
There are a lot of things wrong with Obama's apparently imminent decision to just let Khalid Sheikh Mohammed rot in jail without a formal trial.
Khalid Sheik Mohammed, the self-proclaimed mastermind of the Sept. 11, 2001, attacks, will probably…
Trash Talk: Last Call For The F1 Circus, Crunch Time in NCAA Football
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bmazA little late to the post with Trash this weekend, had an issue crop up last night after a long week. But we are getting down to crunch time in both Formula One, last race of the season and it will decide the Drivers' Crown, and it is now down…
It's Safer When You Don't Let the President Reflect for Himself
I am very very grateful that Ryan Grim exposed Bush as a plagiarist on Thursday.
When Crown Publishing inked a deal with George W. Bush for his memoirs, the publisher knew it wasn't getting Faulkner. But the book, at least, promises "gripping,…
Are Obama and Congress Set To Screw American Counties, Homeowners and Give Wall Street Mortgage Banksters a Retroactive Immunity Bailout?
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bmazThere are rapidly emerging signs the Obama Administration is actively, quickly and covertly working furiously on a plan to retroactively legitimize and ratify the shoddy, fraudulent and non-conforming conduct by MERS on literally millions of mortgages. they are again going to give a bailout and retroactive immunity to craven banks and financial institutions that have wrecked the economy
Richard Shelby's Selective Investigation
Let me make a rare statement: I agree with just about everything Richard Shelby said in his call for an investigation of mortgage servicers.
The Federal Banking Regulators should immediately review the mortgage servicing and foreclosure activities…
"The President Ultimately Made the Call"
GQ has another of those articles describing Eric Holder's failed efforts to restore DOJ's independence and sustain rule of law as Attorney General. There are a few new details in there -- such as details of what torture was described in the…
The Obama Disconnect: Arlington, Korea and Catfood
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bmazBarack Obama is in Korea lecturing Americans to suck it up and embrace the catfood at the same time Biden was left to represent the WH at the Arlington National Cemetery ceremony to honor America's Veterans; all so Obama could sell out American labor via a Korean free trade agreement. Dumbest politics ever.
David Axelrod's Quaint Idea of Middle Class "Security"
There's a lot to despise about David Axelrod's announcement of Obama's capitulation to the oligarchs on tax cuts, not least that he made this announcement on the same day Obama's Catfood Commission Chairs started the process of stealing from…
