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Treasury Secretary Henry Paulson

Landmark Decision Promises Massive Relief for Homeowners and Trouble for Banks

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

60 million mortgages with fatal defects in title could give aggrieved homeowners and securities holders the crowbar they need to exert some serious leverage on Congress.

Fish Can Count and Monkeys Can Subtract

Lee Schneider | Posted 05.25.2011 | Business
Lee Schneider

The qualities present in fish and monkeys, being social and caring about their fellows, have gone missing in some bankers.

Q&A with Housing Bubble Forecaster Dean Baker

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Baker: "For most economists, the idea that a market would take leave from its senses -- that it would be driven by speculation -- is almost inconceivable."

I.O.U. Who?

Judith Ellis | Posted 05.25.2011 | Business
Judith Ellis

The documentary, I.O.U.S.A, was recently brought to my attention and it will probably be the most sobering clip that you will ever see about the state of the economy.

"Transplant" Automakers Get Over $3.6 Billion in Subsidies; More Unions, Ralph Nader Comment

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

This post has the latest news on the billions in subsidies which off-shore transplant carmakers have received from state and local governments.

Republicans Kill any Help for Detroit

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Late last night, Senate Republicans derailed a bill, passed the day before by the House, to loan $15 billion to the Detroit Three, with 10 Republicans joining 40 Democrats and two Independents in favor.