Entries by emptywheel

Remember the Stress Tests?

The other day, I noted that Administration claims that they were helpless to affect what they now depict as loan servicers’ “sloppiness” but what really amounts to fraud ignores their decision to stop pushing for cramdown–and with it, leverage over the loan servicers. I think (though I’m less sure of this) they’re ignoring one other […]

Share this entry

US Military Reneges on al-Qosi’s Plea Agreement

When Ibrahim al-Qosi agreed to a plea deal with the government, the original deal was that he’d spend a secret two year sentence (rather than the 14 year sentence announced to the public) in communal quarters. At the last minute, the judge in the case learned there’s no way to do that at Gitmo, though […]

Share this entry

Confirmed: Official Administration Policy Is to Continue Foreclosures

The Federal Housing Administration Commissioner, David Stevens, has joined David Axelrod in stating that the Administration sees no reason to halt all foreclosures. That’s not a surprise in itself–it was pretty clear that Axe’s statement reflected official Administration policy. But I’m particularly interested in how Stevens justified this position in an email sent to the […]

Share this entry

The Obama Administration Wants to Ruin Your Neighborhood

According to this story, the Administration (in the voice of David Axelrod) sees no need to halt foreclosures while the authorities sort out the mess caused by the fraud committed by loan servicers. “It is a serious problem,” said David Axelrod, who contended that the flawed paperwork is hurting the nation’s housing market as well […]

Share this entry

Greg Mankiw Proves Raising Taxes Is a Win Win

Oh sure, in this NYT op-ed, Greg Mankiw shamelessly fiddles with numbers to try to show that raising taxes on rich people like him will be bad for the economy. But you don’t even have to point out the obvious flaws in his math [Update: Kevin Drum shows some of those flaws here] to read […]

Share this entry

Remember Cramdown?

Remember cramdown? It was a proposed change to bankruptcy law that would have allowed judges to modify the mortgages on primary homes for people entering bankruptcy. Supporters of the change argued that cramdown would provide an important stick to force lenders into modifying loans–and in so doing help millions of people stay in their homes. […]

Share this entry

“You Lie!”

I spent a good part of a book beating up on George Bush for lying in an address to Congress in an effort to generate support for a policy that was being challenged on the merits. So while I’m not suggesting that protecting a secret deal with health insurance companies is as despicable as starting […]

Share this entry

Court Dockets Are Becoming the 21st Century Memory Hole

Dafna Linzer has two important pieces on the habeas petition of Abdul Rahim Mohammed Uthman which should both be read in full. This one describes how the government’s case against Uthman, which alleges that he was one of Osama bin Laden’s guards, relies on the following testimony: A statement from Hakim Abd Al Karim Amin […]

Share this entry

The American Data Octopus

Data octopus. That’s how one European Parliament official described the US’ continued grab for unfettered access to more and more European data. (h/t WM) “The Americans want to blackmail us,” said an agitated Alexander Alvaro, home affairs spokesman of the Germany’s Free Democratic Party (FDP) in the European Parliament. The Americans have become “like a […]

Share this entry