The economic recovery has not benefited Americans equally. We all know that. But few facts underscore that point more clearly than the startling number of consumers whose financial futures have been put on hold by subprime credit scores.
François Meyronnis's manifesto on the true global crisis, entitled Proclamation sur la vraie crise mondiale, is certainly the best text available for those who seek to understand the mechanisms and inner workings of "globally integrated capitalism."
The love fest between Barack Obama and his top fundraiser Penny Pritzker that has led to her being nominated as Commerce secretary would not be so unseemly if they both just confessed that they did it for the money
In last night's look at the housing crisis that continues to cripple this country, we traveled to California and met Lise Johnson, a mother of four who's been in the same home for 12 years and is desperate to stay put.
When you think of Ponzi schemes, fraudsters like Bernie Madoff come to mind. However,
Ponzi schemes are not always the result of a few crooks; they can also be a common practice used by society to create a short term economic growth spurt.
In recent weeks, communities trying to fight back against alleged discriminatory subprime lending during the mortgage frenzy have won victories in the courts, perhaps paving the way for more cities to follow suit.
If Washington is serious about addressing job creation, the White House and Congress should support the expansion of the Community Reinvestment Act, legislation that has invested over a trillion dollars into our economy during the past decade.