Hold Fast

An article in today’s New York Times by Mike McIntire about the close relationship the Tea Party movement has had with American business is pretty damning. It highlights a string of bizarre synergy between a supposedly populist movement and business interests around things like keeping Asian paper tariff free, opposing net neutrality, and commercial space [...]

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Mike Konczal at Rortybomb runs with some of Stephen Lerner’s ideas about homeowner organizing. Collective bargaining is the cure to this kind of power differential – give consumers access to the same expertise that businesses would draw on in these circumstances. Explicit in unions are that a small fee up front gets you full representation [...]

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Stephen Lerner goes to The Nation to respond to the attacks Glenn Beck has launched on him: What did I say that led Beck to spend two nights attacking me and defending big banks and Wall Street CEOs? I think I may have found part of the answer in what disgraced former Wall Street stock [...]

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The Colbert ReportTags: Colbert Report Full Episodes,Political Humor & Satire Blog,Video Archive

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Last week I took a guess and wrote “meaningful principle modifications could run $800-900 billion plus.” That was a shot in the dark, but recent reporting by Shahien Nasiripour at Huffington Post shows that I was likely a good ways off the mark, at least in so far as how the CFPB has estimated the [...]

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William Greider in The Nation: A better name for the Justice Department’s softened policy might be “too big to prosecute.” Just as the Federal Reserve used the “too big to fail” doctrine to rescue big financial institutions from their mistakes, Justice has created an express lane for businesses and banks to avoid the uglier consequences [...]

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Krugman is shrill today: In short, we have a political climate in which self-styled deficit hawks want to punish the unemployed even as they oppose any action that would address our long-run budget problems. And here’s what we know from experience abroad: The confidence fairy won’t save us from the consequences of our folly.

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David Dayen continues his stretch of incredible reporting on the foreclosure crisis with a comprehensive update on developments in the state attorneys general settlement around foreclosure fraud. Of note, two different groups of attorneys generals – 4 Republicans and an uncertain number of Democrats – have voiced opposition to the term sheet floated by Iowa [...]

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Matt Stoller has yet another must-read post at Naked Capitalism, this time covering the role the slow trickle of information coming out about the choices made to bail out Wall Street during the collapse of 2008 as a means for priming the pump for more meaningful reform and the establishment of transparent structures in the [...]

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