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Link: Secret and Lies of the Bailout
Posted on Author admin
From Rolling Stone’s Secret and Lies of the Bailout: Sen. Sherrod Brown, a Democrat from Ohio, remembers a call with Paulson and Federal Reserve chairman Ben Bernanke. “We need $700 billion,” they told Brown, “and we need it in three days.” What’s more, the plan stipulated, Paulson could spend the money however he pleased, without […]
Crime and No Punishment
Posted on Author SAFE
First Known Bank Malfeasance of the Week: With the $25 billion attorneys general settlement, banks are supposed to reduce the principal and interest on thousands of mortgages that are in trouble. When they do this, they get credit towards their portion of the settlement obligation. Leave it to the banks, however, to find a way […]
Where’s WA GOP on wage protection?
Posted on Author John Burbank
When you work, you get paid. That’s just common sense. Indeed, if you don’t get paid for your work, you are little better than an indentured servant. And we got rid of that practice, along with slavery, over a 100 years ago. Our laws are quite clear: workers must be paid at least the minimum […]