Related Posts

Advertisement

Special Feature

Public Option Scoreboard

Latest Posts

Posts by Mary Kane

RSSRSS 2.0 Feed

Banks, Homeowners and the Battle Over ‘Too Big to Fail’

It’s a big day for banks: The Obama administration is expected to unveil new “too big to fail” proposals for dealing with troubled financial giants, Reuters reports. The proposals would “give the government the power to dismantle large financial companies that get into crises.”
The new draft bill is expected to take a tougher stance toward [...]


When It Comes to Financial Reform, Let the Games Begin

As we noted on Wednesday, the House Financial Services Committee is in the midst of tackling financial regulatory reform, which has brought out the lobbyists in full force. Here’s just a small taste of the action so far: American Banker is reporting that the committee is close to carving out an exemption for community banks [...]


Consumer Advocates Fear Missed Opportunity for Bank Reform

What seemed like a clear path ahead was upstaged by the health care battle.


Using ACORN To Misrepresent the Community Reinvestment Act, Once Again

When is this ever going to end? Conservative lawmakers are seizing on ACORN’s troubles to once again go after the Community Reinvestment Act, an anti-redlining law that somehow became a scapegoat for the housing crisis last year, the AP reports.
The 1977 Community Reinvestment Act was intended to end redlining, a practice in which banks in [...]


Coke CEO: If You’re Fat, Blame Yourself, Not Us

Henry Blodget at Clusterstock points out that Coke CEO Muhtar Kent penned a Wall Street Journal editorial that suggests people are fat and lazy all on their own, and not because of his company’s product. Kent wrote his pithy observations Wednesday to protest a possible soda tax to pay for health care reform.
From the Journal:


Bill Clinton Credits Lehman Bros. for Obama’s Win

Former President Bill Clinton now says that letting Lehman Bros. fail was a mistake that wound up clinching the election for then-candidate Barack Obama, reports Money & Company, the L.A. Times’ Business blog. Clinton’s remarks came before a meeting of the World Business Forum in New York on Wednesday, and were first reported in The [...]


Losing Ground in States, Payday Lenders Take Fight to Congress

Stung by losses in states that either refused to authorize their high-rate, short-term loans or moved to limit finance charges, the industry isn’t ready to give up.


More Proof That Alan Greenspan Was Wrong: Anti-Predatory Laws Slowed Foreclosures

A new study out today from the University of North Carolina Center for Community Capital provides more evidence that deregulatory zealots have a lot to answer for when it comes to the mortgage crisis: State anti-predatory laws actually worked, slowing down foreclosures.
But, alas, the state protections were overruled by the Office of the Comptroller of [...]


Financial Literacy Coalition Teams Up With Subprime Lender

CompuCredit, an Atlanta subprime lender that specializes in high-rate credit cards, payday loans, auto financing and debt collection, is part of the country’s leading coalition on financial literacy.


For Sean Taylor’s Family, Foreclosures and a Story That Just Gets Sadder

The Florida house that former Washington Redskins safety Sean Taylor bought for his family, and where he was shot and killed by an intruder, is headed for foreclosure. And his mother is struggling to hold on to her own home as well, The Washington Post reports.
When Taylor died without a will on Nov. 27, 2007, [...]