Posts Tagged ‘FINANCIAL REFORMS’

Jamie Dimon tells Meet the Press he thinks we’re resenting “success.” He’s wrong.

Jamie Dimon tells Meet the Press he thinks we’re resenting “success.”  He’s wrong.

Dimon was quoted as having said that just because his bank had been stupid, it didn’t mean that all the other banks would be equally stupid. But, see… it sort of does, right? That’s why the sort of... (Continue reading)

A Nation So Utterly Divided…

A Nation So Utterly Divided...

And not only are we splitting off in more directions than the London subway, but I’m afraid too many of us have started to like it that way. It’s become a badge of honor for some people. ... (Continue reading)

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Watch Which Words You Use With Republicans – They Could Take Their Toys and Go Home

Watch Which Words You Use With Republicans – They Could Take Their Toys and Go Home

The Republican’s version of the report is said to be a whopping 13 pages long, and is expected to place the blame for the crisis squarely on the shoulders of poor people who wanted to buy houses, and how some... (Continue reading)

Well, Would You Look at That: Elizabeth Warren Might Be Replaced by a Bank Lobbyist

Well, Would You Look at That: Elizabeth Warren Might Be Replaced by a Bank Lobbyist

So, take a few minutes and write to your elected representative about this. No one else, unless you feel like it, just your person in Congress. Tell them this line of thought is unacceptable, that we want Elizabeth... (Continue reading)

This country has changed. And it hasn’t. The power of the people remains intact.

This country has changed.  And it hasn't. The power of the people remains intact.

Join me now for the stories of three such Americans. May their stories remind you of the power we all posses to serve our country and help it grow and prosper, so that our government of the people, by... (Continue reading)

Treasury Designs New Federal Program to Help Stimulate Economy

Treasury Designs New Federal Program to Help Stimulate Economy

Secretary Geithner explained the program to reporters while waiting for his dessert soufflé to rise. Those in attendance said that he told the group that the program would help homeowners and get the economy back on track by removing... (Continue reading)

Barofsky’s Report: Taxpayer Support for Financial Sector Now $3.7 Trillion

Barofsky’s Report: Taxpayer Support for Financial Sector Now $3.7 Trillion

Taxpayer support for the financial system grew by $700 billion last year, and has now reached roughly $3.7 trillion, including TARP, Federal Reserve programs, asset guarantees and federal bank deposit insurance, among other commitments. ... (Continue reading)

Elizabeth Warren on the Foreclosure Crisis

Elizabeth Warren on the Foreclosure Crisis

Elizabeth Warren: "It's about respect. I believe that the American people ought to be part of the conversation about what's happening in our economy, and what's happening in Washington D.C. and what's happening on Wall Street. I truly... (Continue reading)

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Elizabeth Warren or Bust, I’m Drawing the Line

Elizabeth Warren or Bust, I’m Drawing the Line

Ms. Warren should unquestionably be asked to head up this new Consumer Financial Protection Bureau, bribed, begged and/or pleaded with, if need be. Without her philosophy and leadership setting the standards and tone of this new bureau as it... (Continue reading)

15 Texas Homeowners Sue Bank of America for Abusive Practices – Don’t Mess With Texas

15 Texas Homeowners Sue Bank of America for Abusive Practices – Don't Mess With Texas

RESPA is a federal statute so I would think that this sort of thing could be happening all over the place… like in all 50 states. And it’s also worth mentioning that what Bank of America is accused of... (Continue reading)

New Legislation to Offer $1 Billion in Federal Loans to Help Unemployed Homeowners Pay Mortgages

New Legislation to Offer $1 Billion in Federal Loans to Help Unemployed Homeowners Pay Mortgages

Plus, if I was at all unsure of my position on this program, the clincher was finding out that the cost of both programs is being covered by a tax on large banks and hedge funds contained in the bill.... (Continue reading)

Bank of America Employees Say Bank Stole $100 Million from Paychecks

Bank of America Employees Say Bank Stole $100 Million from Paychecks

Well, today Bank of America employees in Kansas City, Loa Angeles, Charlotte and other cities around the country have filed a lawsuit alleging that our nation’s largest bank cheated its employees out of $100 million in overtime pay. The... (Continue reading)

Bringing Up the Rear: Lloyd Blankfein, CEO, Goldman Sachs

Bringing Up the Rear: Lloyd Blankfein, CEO, Goldman Sachs

Just think how it would have looked… Blankcheck would have said: “Gee, I couldn’t tell you about the ins and outs of those billions we made,” and someone would have walked over and whacked him with a good size stick.... (Continue reading)

Books That Matter: Crisis Economics, by Nouriel Roubini & Stephen Mihm

Books That Matter: Crisis Economics, by Nouriel Roubini & Stephen Mihm

Roubini explains things I didn’t previously understand, such as the details of Federal Reserve Chairman Ben Bernanke’s and Treasury Secretary Geithner’s response to the meltdown. Oh, I knew some of what those two had done, but not enough in terms... (Continue reading)

Wall Street to Securitize Delinquent Loans. Because it went so well last time, I suppose.

So, based on that… the only logical thing to do is securitize some non-performing loans. Of course, it’s brilliant! I’m calling AIG-FP later today to see if they’ll sell me a credit default swap against this crap. ... (Continue reading)

Mandelman Matters Presents: ARE YOU READING THIS STUFF?

Tweet Mandelman Matters Presents: ARE YOU READING THIS STUFF? What am I supposed to do?  I read constantly and it’s painful.  I figured that maybe by sharing it with you, I would know I wasn’t alone, and it would stop... (Continue reading)

Banks Lobbying, Financial Reforms & Who’s Recovering?

Banks Lobbying, Financial Reforms & Who's Recovering?

Like the flying monkeys from the Wizard of Oz, they’ve been summoned by the bankers to our nation’s capital; flying in from around the country until they hit the steps of the U.S. Capital building… when they’re transformed into lobbyists... (Continue reading)

Why Can’t We Answer the Question About HAMP That Could Save Taxpayers Tens of Billions?

Why Can't We Answer the Question About HAMP That Could Save Taxpayers Tens of Billions?

How about if we all write letters to our elected representatives demanding to know the answer to this question, because the answer has the very definite potential to save many billions in unnecessary taxpayer funded expenditures associated with the current... (Continue reading)


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