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Payday Lenders Use Loopholes to Continue High-Interest Loans

Instead of shutting down, payday lenders in some of the same states that passed reforms are making loans at higher rates than before the laws were enacted.


Servicers, White House Point Fingers as Foreclosure Plan Fails

The Obama administration’s “Making Home Affordable” plan has fallen painfully short, a move to blame borrowers grows.


Best of 2009: The Tea Party Revolt and the Politics of Ignorance

All day, we’re re-running our favorite blog posts of the last year. This post was originally published on Feb. 28, 2009.

As Dave Weigel notes, the Tea Party movement to protest the mortgage rescue plan and other government bailouts rolls on, with a planned rally Friday in front of the White House. The revolt over bailouts [...]


Best of 2009: Stay Home if You Have Swine Flu, Unless You Work at Wal-Mart

All day, we’re re-running our favorite blog posts of the last year. This post was originally published on Nov. 4, 2009.

During the summer, when swine flu was not yet a widespread reality in the United States, giant retailer Wal-Mart made the news for being in talks with the government about possibly distributing the swine flu [...]


Best of 2009: Frank Vows to Put an End to Fannie and Freddie Waivers

All day, we’re re-running our favorite blog posts of the last year. This post was originally published on Jan. 21, 2009.

Elana Schor at Talking Points Memo has a great inauguration interview with Rep. Barney Frank (D-Mass.). She asked him about TWI’s story last week revealing that homeowners have to sign away their rights to sue [...]


Best of 2009: Tavis Smiley Says He’s Cutting Ties to Wells Fargo

All day, we’re re-running our favorite blog posts of the last year. This post was originally published on Sept. 20, 2009.
Prominent author, commentator and PBS talk show host Tavis Smiley has announced that he’s cutting all business ties to Wells Fargo & Co. The move comes in the wake of a TWI story last week [...]


Best of 2009: Another Fake Trend Story on Women, Childbirth and Careers

All day, we’re re-running our favorite blog posts of the last year. This post was originally published on Feb. 4, 2009.

The Wall Street Journal attempts to add another chapter to the long-running debate over women seeking to balance raising children with careers. In a story today, the Journal reports that new data shows a reversal [...]


Best of 2009: The Lack of Consequences for Banks That Fail to Modify Loans

All day, we’re re-running our favorite blog posts of the last year. This post was originally published on July 30, 2009.
Because servicers in the lending industry can make more money collecting delinquency fees on mortgages than by modifying loans, guess which road they are taking? The New York Times says today that the longer borrowers [...]


Stewards of a Sinking Ship

The American economy was swept up in a rising tide of foreclosures this year as credit continued to ebb. These six players from the public and private sectors struggled to steer the country’s financial ship through treacherous waters.


1. Ben Bernanke

As the head of the Federal Reserve, Bernanke is perhaps the most central figure in the fight to stabilize the nation’s financial system. He has drawn widespread criticism from both the left and right for overstepping the bounds of government involvement in the financial system and failing to foresee and prevent the financial meltdown in [...]