Yesterday, on the same day, city councils in New York and Los Angeles passed laws designed to move public dollars into banks that lend locally and act responsibly. Dozens more cities and towns are poised to follow suit.
City Responsible Banking ordinances add firepower to a growing grassroots movement to...
(60) Comments | Posted March 29, 2012 | 5:09 PM
With all of the silly signs outside the Supreme Court and philosophizing inside, it can be easy to miss how catastrophic it would be for the country if the justices strike down the Affordable Care Act. While still a work-in-progress, the new health law is almost certainly the last best...
(7) Comments | Posted March 21, 2012 | 1:15 PM
"The dog ate my homework" probably won't work as an excuse for Ed DeMarco, the embattled acting director of the Federal Housing Finance Agency.
DeMarco is overdue on his promise to tell the White House and Congress whether he will reverse his stubborn opposition to principal reduction -- a practice...
(9) Comments | Posted February 7, 2012 | 12:46 PM
Even with Friday's good job numbers, the United States faces high long-term unemployment for years to come unless something changes soon. With Congress unable to do anything more ambitious than ban its members from insider trading, the last best hope for getting Americans back to work is to...
(16) Comments | Posted October 27, 2011 | 7:02 PM
Bloomberg News reported today that Bank of America CEO Brian Moynihan is rather upset by all the bad things people are saying about his bank: "I, like you, get a little incensed when you think about how much good all of you do, whether it's volunteer hours, charitable...
(1) Comments | Posted June 9, 2011 | 11:19 AM
The Washington Post is reporting that the Treasury will announce that it is withholding payments from Bank of America, Wells Fargo and Chase for failing to meet the basic requirements of the federal foreclosure prevention program.
For more than two years these big banks have strung homeowners...
(30) Comments | Posted May 12, 2011 | 11:38 AM
This is going to come as a big shock: Wall Street banks are manipulating the media in their campaign to avoid responsibility for throwing millions of people out of their homes and sending our economy into a tailspin.
For months, the attorneys general from all 50 states have been investigating...
(0) Comments | Posted January 4, 2011 | 12:50 PM
In anticipation of becoming Wikileaks next victim, Bank of America CEO Brian Moynihan is spending millions of dollars on crisis management, even trying to corner the market on unsavory web urls like www.brianmoynihansucks.com. He would do better to address the root causes of why so many Americans are...
(43) Comments | Posted December 22, 2010 | 1:30 PM
Today's front page New York Times story about Bank of America illegally breaking into people's homes and taking their possessions is a painful reminder that many American families are spending the holiday season desperately trying to save their homes. The system seems stacked against ordinary people, but the...
(18) Comments | Posted October 15, 2010 | 11:49 AM
Exactly one year ago homeowners from PICO organizations in California, Missouri and Massachusetts marched into the U.S. Treasury and handed officials a foot-high stack of documents from 150 families trying to save their homes. These were stories of people who had auction notices posted to their doors while...
(40) Comments | Posted April 3, 2010 | 3:40 PM
Sunday, March 21st, was one of those days that remind you how non-linear change is in our crazy mixed-up Democracy. At five o'clock in the afternoon, as the House of Representatives inched toward a final vote on health reform, many of the estimated 200,000 people who were on the Mall...

(0) Comments | Posted May 17, 2012 | 11:17 AM