Category Archives: Obama administration

Dems Get $32 Million Line of Credit from Bank of America

I’m sure the Obama administration’s opposition to a national foreclosure moratorium and its willingness to look forward and give the big banks, Bank of America for instance, a do-over on fraudulent court documents has absolutely nothing to do with this: … Continue reading

Posted in Bank of America, Congress, Democrats, Foreclosures, Obama administration, Politics, Wall Street | Tagged , , , , , , , , | Leave a comment

William Black: “Fire Holder, Fire Geithner, Fire Bernanke”

Lisa Epstein and William Black on Dylan Ratigan’s show yesterday: Speaking of Geithner telling “one lie after another”: “The United States Treasury concealed $40 billion in likely taxpayer losses on the bailout of the American International Group earlier this month, … Continue reading

Posted in AIG, bailout, Financial Crisis, Foreclosures, Justice Department, Obama administration, too big to fail, Wall Street | Tagged , , , , , , , , , , | Leave a comment

Foreclosuregate, Cont’d

Bank of America has completed its “internal review” of alleged improprieties in its foreclosure proceedings–a review of 102,000 foreclosures that took all of 17 days–and found, surprise surprise, zero mistakes: “Bank of America  announced on Monday that it would resume … Continue reading

Posted in economy, Foreclosures, Justice Department, Obama administration, too big to fail, Wall Street | Tagged , , , , , , , , , | Leave a comment

Who Says Crime Doesn’t Pay?

It certainly paid well for two former executives of Countrywide yesterday in the settlement of a civil lawsuit brought by the Securities and Exchange Commission charging Angelo Mozilo, former CEO, and David Sambol, former president, with securities fraud and insider … Continue reading

Posted in economy, Financial Crisis, Justice Department, Obama administration, too big to fail, Wall Street | Tagged , , , , , , , , | 1 Comment

Foreclosure Fraud Just the Tip of the Iceberg

Dylan Ratigan, Ohio Secretary of State Jennifer Brunner, and Karl Denninger of The Market Ticker unravel foreclosure fraud: To reiterate, the fraud in foreclosures that we’re seeing now is just the tip of the iceberg. The purpose is to try … Continue reading

Posted in bailout, Congress, economy, Financial Crisis, financial reform, financial regulation, Foreclosures, Justice Department, Obama administration, special interests, too big to fail, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , | 2 Comments

Obama Invokes “State Secrets” in Assassination Plot

“If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy.”—James Madison, often referred to as the father of that antiquated, outdated, document known as the Constitution of the United States, which … Continue reading

Posted in Bill of Rights, Constitution, Justice Department, Obama administration, torture, war on terror | Tagged , , , , , , , , , , , , , , | 1 Comment

Axelrod in Wonderland

David Axelrod in yesterday’s Washington Post: “Pundits will spend a lot of time predicting who will win in November. But more is at stake than the fate of Democrats or Republicans. What’s at stake is whether the powerful corporate special … Continue reading

Posted in financial reform, health care, Obama administration, Politics, special interests, too big to fail, Wall Street | Tagged , , , , , , , | Leave a comment

Insurance Industry’s Pre-Emptive Strike on Health Care “Reform”

Sure is a good thing we avoided the public option “government takeover” of the health care system and mandated coverage by private companies. Nobody could have ever seen this coming: “Some of the country’s most prominent health insurance companies have … Continue reading

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Beware Wannabe Speakers Bearing Gifts

Speaker-in-waiting (he hopes) John Boehner says a few reasonable sounding words on Face the Nation and the headlines are about a ‘shift in policy,’ a ‘crack in Republican solidarity,’ a ‘victory for the Obama administration,’ and ‘Republicans caving on the … Continue reading

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What Hath 9/11 Wrought?

September 11, 2001 has been dubbed ‘The Day That Changed America’ and indeed it did. Indeed it did—and not for the better. It changed America from the land of the free and the home of the brave to the land … Continue reading

Posted in Bill of Rights, Constitution, Justice Department, Obama administration, terrorism, torture, war on terror | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment