A lot of talk yesterday about the foreclosure scandal sweeping the nation. With calls mounting for Congress to intervene, we are starting to see bigger names in Washington coming out to protect the poor bankers. Here’s Eric Cantor coming to their defense yesterday: What we’re talking about, Debbie, you have 10 percent, if that, of […]
Well under Bush it appears to have done just the opposite: The 20 largest banks that received government rescue funds slightly reduced their lending to consumers and businesses in the last three months of 2008, the government said Tuesday. The Treasury Department said the banks reduced their mortgage and business loans by a median of […]
If the NYT’s reporting about Rick Davis is so wrong, then why is he running? John McCain campaign manager Rick Davis–under the spotlight because of his work for mortgage giants Fannie Mae and Freddie Mac–is skipping a Wednesday lunch with reporters sponsored by the Christian Science Monitor. Do the innocent run, or do they try […]
According to a new poll: Asked which candidate could do a better job of handling the financial crisis as president next year, 48% of registered voters named Obama and 35% named McCain. And now that we got more news of McCain’s campaign manager being tied to Freddie And Fannie Mac, we can expect to see […]
McCain has tried so hard to tie Obama to Freddie and Fannie, but guess what? He hasn’t looked closely enough at his own campaign: Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie […]
Phil Gramm is McCain’s chief economic adviser and was one of the chief architects of the deregulation of the banking industry that helped get us into the mortgage crisis. Now George Bush is proposing sweeping new regulations of the banking industry to help prevent more problems. This appears to go strongly against Gramm’s beliefs, as […]
The husband of Tessa Jowell (Culture Minister) is under investigation in Italy for fraud. Tessa Jowell has been cleared today of breaking any ministerial codes regarding recieved payments. However, the investigation left open the possibility of links between Jowell’s husband, tax-lawyer David Mills, and  Italian Prime Minister Silvio Berlusconi who are both under investigation in Italy. […]
Poor Ricky Santorum. The guy can’t stay out of trouble: Progressive ethics watchdog Citizens for Responsibility and Ethics in Washington has filed a complaint with the Senate Ethics Committee alleging that Senator Rick Santorum (R-PA) violated the Senate Gift Rule by accepting a mortgage from The Philadelphia Trust Company, a bank that serves affluent clients, […]