Hold Fast

Yves Smith: If the Administration had really changed its stance on bank misdeeds, you’d see it putting the settlement on hold until the investigations led by Schneiderman had been concluded. The fact that they mortgage settlement is proceeding on schedule says this the Administration is, as before, trying to cover up its bank-favoring actions with [...]

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There has been a lot of attention paid – deservedly so – to the work of New York Attorney General Eric Schneiderman and Delaware Attorney General Beau Biden. They were two of the first AGs to voice objections to the federal government’s push with the state AGs fore a weak settlement deal around robosigning. So [...]

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Robert Kuttner, in the course of a long post about the federal mortgage fraud task force and what it means to have New York AG Eric Schneiderman on it as a co-chair, includes a number of details about the fecundity of various avenues of investigation. Kuttner looks at the wide assortment of frauds associated with [...]

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Yesterday I was somewhat sour on the chances of the mortgage fraud task force that Eric Schneiderman will co-chair of succeeding in producing positive results. I think the reasons for caution remain, but David Dayen reports on a number of new facts which could make positive outcomes much more likely. In short, Dayen and his [...]

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I’d really like to be enthusiastic about the announcement of a new federal investigatory task force looking at the foreclosure crisis. New York Attorney General Eric Schneiderman, much like Elizabeth Warren, has done enough to show his commitment to holding Wall Street accountable for their crimes to trust that his motives are good and his [...]

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Originally posted at AMERICAblog Yesterday I posted on the news of a pending settlement between the federal government, some state Attorneys General and the nation’s five largest banks around robosigning and other foreclosure fraud issues. The deal looked really bad and there was strong opposition coming not only from large progressive organizations, but a core [...]

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I know it’s gauche for progressives to care about silly things like the rule of law, transparency, and opposing torture or war crimes, but nonetheless it’s worth pointing out Glenn Greenwald’s look at three parallel cases which demonstrate the sad state of equal justice in America today. Greenwald puts side by side the case of [...]

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There’s lots of talk about the pending deal between what used to be 50 state Attorneys General and the nation’s five largest banks around what started out around robosigning, but seems to have expanded to broadly include foreclosure fraud and securities fraud. It looks like the Obama administration is on the verge of announcing a [...]

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Freddie De Boer: I could never vote for Ron Paul, for a thousand reasons. I have been arguing against many of his policies and the worldview that generated them for the entirety of my adult life. But I have to value his voice in the national debate because almost no other national political figures will [...]

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Like Atrios, I have no idea who is assassinating Iranian nuclear scientists. Odds are that it’s the US or Israel or both. But this is unquestionably terrorism. Advocating for the murder of civilians, as Glenn Reynolds did in the Bush years and Rick Santorum is doing now is clearly sick. But actually perpetrating these attacks [...]

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