Monday, U.S. Reps. Ed Perlmutter, Mike Coffman and Scott Tipton introduced The Capital Access for Main Street (CAMS) Act, which they say will temporarily allow small community banks with under $10 billion in assets to spread out or amortize a portion of their commercial real estate losses over a seven-year More…
With Republicans slated to vote next Tuesday on Sen. Jim DeMint’s (R-S.C.) proposal to end the practice of members requesting earmarks in the Senate, Mark Meckler, co-founder of the Tea Party Patriots, tells me that the group’s local chapters will be paying very close attention.
“We’ll do what we always More…
It’s a Friday afternoon, but there’s no shortage of palace intrigue filtering through the ranks of both Democrats and Republicans as members announce their candidacies for party leadership.
On the Democratic side, Rep. Nancy Pelosi (D-Calif.) has announced her desire to be Minority Leader and Rep. Jim Clyburn (D-S.C.) says More…
Rep. Brad Miller (D-N.C.) tells The Washington Post that there will be no new bank bailout if financial companies suffer serious losses due to the recent foreclosure fraud scandal.
It’s kind of easy to take pleasure in all this and think the banks are being hoisted on their own
Primary among the proposals in the Republicans’ “Pledge to America” is the promise to cut spending, slash taxes and shrink the government to restore the United States’ fiscal health. How do they intend to do it, and to end the United States’ debt and deficit problems?
Barry Ritholtz posts an anonymous critique of Mark Zandi, one of the most frequently cited economists in Washington. The nameless investment banking analyst writes:
The foreclosure crisis is far from over. Rather, as this chart from Daniel Indiviglio at The Atlantic shows, it is in some ways just peaking. Last month, banks foreclosed on more homes than ever before. More than a million families are predicted to lose their homes this year.
Republicans might be marching lockstep in their opposition to President Obama in Congress, but the same cannot be said of GOP candidates on the campaign trail.
Most Americans don’t know or get it wrong.
Today, Treasury Secretary Timothy Geithner has an opinion piece in The New York Times entitled, awkwardly, “Welcome to the Recovery.” The article comes as economists project that unemployment might head back up into the 10 percent range, and on the day the Bureau of Economic Analysis released More…
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