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Housing Market Collapse

America Should Send More People to Prison

Robert Kuttner | Posted 04.03.2015 | Politics
Robert Kuttner

You know the statistic. We incarcerate a higher proportion of the population than any other country does. Hundreds of thousands of young, now aging, men, are doing hard time for possession of small amounts of drugs. More and more people find themselves in jail because they got caught with bench warrants for their arrest for exorbitant fines they could not afford to pay. More than a century after debtors prisons were abolished, thousands are again behind bars because of debts. But one category of felon is free on the street. I refer, of course, to corporate criminals. Consider the case of a checkout clerk at Walmart who puts her hands in the till and walks off with a couple of hundred bucks of the company's money. That clerk could expect to face prosecution and jail. Now consider her boss, who cheats her of hundreds of dollars of pay by failing to accurately record the time she clocked in, or the overtime she worked.

Eric Schneiderman: Hero or Goat?

Robert Kuttner | Posted 03.30.2012 | Business
Robert Kuttner

Given the administration's feeble record on prosecutions to date, the critics are right to flag the likelihood that people like Attorney General Eric Holder and SEC enforcement chief Robert Khazumi will try to sandbag Eric Schneiderman. But they shouldn't underestimate him.

Good News For American Homebuyers

Reuters | Posted 03.23.2012 | Business

Jan 22 (Reuters) - Would-be American home-buyers can take heart: U.S. housing is more affordable than in other English-speaking countries, according...

Charities See Huge Increase In Foreclosed Home Donations

Posted 01.05.2012 | Impact

Forget collecting coins in a red kettle -- charities are increasingly netting donated homes as a result of the foreclosure crisis. And the trend i...

'Cheap Money Has Failed'

Bloomberg | Karl Heinz Daeke | Posted 11.16.2011 | Business

When will politicians finally accept that their ideology of cheap money has failed? A low-interest-rate policy after the dot-com frenzy encouraged ...

Sam Stein

Holder: More Trials Coming For Those Responsible For Economic Collapse | Sam Stein | Posted 05.25.2011 | Business

Attorney General Eric Holder said on Wednesday that he expects to see an increase in the number of trials for those who may have engaged in illegal ac...

Bachmann's District Leads In Foreclosures As She Votes Against Every Major Relief Initiative

The Minnesota Independent | Andy Birkey | Posted 05.25.2011 | Politics

In 2008, Rep. Michele Bachmann's district had the highest number of foreclosures in Minnesota and the highest rate of foreclosures. Now, as 2009 draws...