Robo-Signed | Obama Uses Autopen to Sign Cliff Bill

Obama uses autopen to sign cliff bill (CNN) — President Barack Obama has signed into law a bill to avert the fiscal cliff, a day after the House and Senate approved the much-debated legislation. Obama, who returned to his family vacation in Hawaii after Tuesday’s House vote, signed the bill via autopen on Wednesday. But … Read more

Unraveling the Freddie-Fannie Tangle

Unraveling the Freddie-Fannie Tangle by Jesse Eisinger and Cora Currier ProPublica In the aftermath of the financial crisis, American taxpayers poured $187.5 billion into two huge but poorly understood companies: Freddie Mac and Fannie Mae. Now controlled by the government, the companies play an even larger role in the economy than they did before the … Read more

What’s Inside America’s Banks?

What’s Inside America’s Banks? Some four years after the 2008 financial crisis, public trust in banks is as low as ever. Sophisticated investors describe big banks as “black boxes” that may still be concealing enormous risks—the sort that could again take down the economy. A close investigation of a supposedly conservative bank’s financial records uncovers … Read more

The American People are the Big Losers In The Cliff Deal

The Big Winners:  Big Banks and Big Companies The “fiscal cliff” deal will raise taxes for 77% of the American public. It will add $4 trillion dollars to the deficit over the next 10 years. It will create a drag on the economy equal to 1% of the gross domestic product. It creates uncertainty in … Read more