How Goldman Controls The New York Fed: 47.5 Hours of Secret Recordings and a Culture Clash

Inside the New York Fed: Secret Recordings and a Culture Clash by Jake Bernstein ProPublica Hear the radio version on these stations or download the episode now. Barely a year removed from the devastation of the 2008 financial crisis, the president of the Federal Reserve Bank of New York faced a crossroads. Congress had set … Read more

Eric Holder To Step Down As Attorney General

Eric Holder To Step Down As Attorney General Eric Holder Jr., the nation’s first black U.S. attorney general, is preparing to announce his resignation Thursday after a tumultuous tenure marked by civil rights advances, national security threats, reforms to the criminal justice system and 5 1/2 years of fights with Republicans in Congress. Two sources … Read more

Gain Strength by Admitting Your Weakness and NEVER GIVE UP!

Gain Strength by Admitting Your Weakness and NEVER GIVE UP! Cross-posted from The Law Offices of Evan M. Rosen I know it; I teach it; but it’s still always so awesome to see the power of simply telling the truth. Sometimes when I speak or think a profoundly true thought, I get a shiver up … Read more

Pundits are Trying to Bring Subprime Mortgages Back. Don’t Let Them

Pundits are Trying to Bring Subprime Mortgages Back. Don’t Let Them Pundits and think tanks are trying to bring back subprime lending, spinning it as a virtuous move for the economy. Nothing could be more obviously a terrible idea Mortgages are hard to get, with demands for high credit scores and a perfect lending history, … Read more

‘Zombie’ Homes Haunt Florida Neighborhoods

‘Zombie’ Homes Haunt Florida Neighborhoods Aborted foreclosures leave thousands of properties in legal limbo When homeowners and banks walk away from a property, the city is left with the responsibility for the home. Sometimes it wants to fix it up and sell, sometimes it wants to tear it down. But St. Petersburg doesn’t have the … Read more