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The FBI identified the epidemic of mortgage control fraud at such an early point that the financial crisis could have been averted had the Bush administration acted with even minimal competence.
Inside the Obama campaign, almost without anyone noticing, an insurgent generation of organizers has built the Progressive movement a brand new and potentially durable people's organization, in a dozen states, rooted at the neighborhood level.
Five fatal flaws in the financial sector's current structure have created a monster that drains the real economy, promotes fraud and corruption, threatens democracy, and causes recurrent, intensifying crises.
Paulson and Geithner's refusal to comply with the law has already cost the taxpayers scores of billions of dollars in unnecessary costs. Geithner indicated Friday that he would continue to flout the law.
Crises have been ubiquitous throughout history. While we can't forecast them we do know how to learn from them. And we certainly have a good idea what not to do in response.
The following day his appendix had to be immediately removed, and days later a doctor told Scott he had cancer.
The bankers have convinced the Bush and Obama administrations that the taxpayers should be looted to bail out risk capital. We should stop listening to the folks that caused the crisis.
If Obama can boldly articulate a pro-life platform to reduce abortion, care for children and families, reduce arms and prevent war then he could bring about a seismic shift in electoral politics.
An angry fringe of the middle class is turning to a "tea bagger" libertarian movement that promises utopia if only the government can be destroyed. And that movement is led by Glenn Beck.
| Last Week | Current | |
|---|---|---|
| 30 YR FIXED | 5.01% | 5.21% |
| 15 YR FIXED | 4.49% | 4.78% |
| 5/1 ARM | 4.01% | 3.94% |
