Hold Fast

I’m at a union communicators conference in Spain and in the current session, organizers from the US, Ireland, and Spain have talked about the impacts of financial collapse on workers and how systemic failure happened. This video has well over 3.5 million views across various languages. It’s an incredibly good explanation of how the Spanish [...]

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Drew Westen pulls no punches in describing what he sees as one of the three major factors in the Republican Party. The whole piece is worth a read, but this passage is important: And that brings us to the third wing of the Republican Party, the Democrats. Their standard-bearer, President Obama, has proven himself perhaps [...]

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Shahien Nasiripour of Huffington Post has been doing some of the best reporting on investigations into foreclosure fraud and servicer abuses. His latest is that an inspector general for HUD has charged Bank of America with having “”significantly hindered” a federal investigation into the firm’s faulty foreclosure practices on potentially billions of dollars worth of [...]

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Mitt Romney has released an incredibly powerful ad hitting President Obama for high unemployment and what the ad frames as a dismissive attitude towards the human effects of the weak economy. Here’s the video transcript: Video Text: “Millions Have Lost Their Jobs Under President Obama” Video Text: “Long Term Unemployment Is Now Worse Than The [...]

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The NYT’S Gretchen Morgenson has Eric Schneiderman & Beau Biden investigating the mortgage securitization practices of Bank of New York Mellon & Deutsche Bank. Shahien Nasiripour of Huffington Post also has Schneiderman looking at Bank of America. The key here is that New York and Delaware laws govern how securities must be formed and what [...]

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Shot: I want to speak directly to [showrunners Ed] Burns and [David] Simon: Do another season of The Wire. –Attorney General Eric Holder, speaking at a Justice Department anti-child-abuse forum attended by Wire actors Wendell “Bunk” Pierce, Sonja “Kima” Sohn, and Jim “Prez” True-Frost. The Daily What. Chaser: “The Attorney-General’s kind remarks are noted and [...]

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Writing on a ruling in Michigan that came out this week (Hendricks v US Bank), Yves Smith gets to the bottom of where things are with judges throwing out foreclosure cases because mortgage originators failures to comply with the PSA when the created mortgage backed securities. The court ruled that New York trust law applied [...]

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Matt Stoller had a piece in Politico yesterday, “Public pays price for privatization.” It’s a good read about how America has historically completed great national infrastructure projects like the Hoover Dam and interstate highway system though a combination of public and private resources. But at this point we are not only not building things, but [...]

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Der Spiegel has a great piece on the movement of young people protesting against unemployment and policies that hurt the working class and the ability for young people to move up the economic ladder. As with Egypt, Tunisia and elsewhere, there is a surge happening as people who are unemployed for too long reach a [...]

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