The invaluable International Business Times, under the direction of David Sirota, has been doing god’s work on the circumstances of the economic crisis of 2008, even though most of the rest of the country’s political class—including, sadly, the president—has moved on.
There’s never just one cockroach. If you see one in the open, you know many more are still hiding. Call the exterminator. This time-honored rule also applies to banks.
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When you enter the ballot booth this November, keep in mind that you could very well be voting for the captain of sinking ship. You may be voting for the next president who will have to steer us through a financial meltdown, and it’s all because we never truly learned from our mistakes.
Six years ago, FBI agents in Jacksonville, Florida, wrote a memo to their bosses in Washington, DC, that could have unraveled the largest consumer fraud in American history.
Back in the late-housing-bubble period, in 2007, Countrywide Home Loans, which was then the largest mortgage provider in the country, rolled out a new lending program. The bank called it the “high-speed swim lane,” or H.S.S.L., or, even more to the point, “hustle.
If I’m ever dragged into court for a financial fraud, I want to throw myself on the mercy of Judge Richard C. Wesley. Wesley is the U.S. appeals court judge in New York who, with his colleagues Reena Raggi and Christopher F.
As you begin to understand world governments don’t have your best interests in mind — that enemies of the State could more aptly be called enemies of the globe’s corporate and banking elite — power comes sharply into focus.