The SEC is “getting tough” and extracting admissions of wrongdoing in financial fraud settlements; in practice they’re nothing more than insincere apologies.
David Dayen
David Dayen is the executive editor of The American Prospect. He is the author of Monopolized: Life in the Age of Corporate Power and Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud. He co-hosts the podcast Organized Money with Matt Stoller.
He can be reached on Signal at ddayen.90.
Posted inMoney, Politics, and Power
Homeowners vs. Big Bad Banks
Those defrauded by Bank of America aren’t allowed to file a collective complaint, thanks to a 2011 Supreme Court ruling.
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A look at the new shady dealers in Wall Street greed
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The Fed loosened rules to allow banks to buy commodities, driving up everyday prices for consumers. Who the next chair is matters if these kinds of practices are ever to be stopped.
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Murky Language Puts Homes Underwater
Banks around the country are exploiting a loophole to foreclose on homes that shouldn’t be in the crosshairs.
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How My 15 Minutes With Marc Maron Changed Everything
Talking politics and cracking un-wise with America’s favorite over-sharer.
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Naming Names in the Dodd Frank Mess
It’s not just faceless Wall Street lobbyists who are doing the damage; a guy named Mark Wetjen has some explaining to do.
Posted inMoney, Politics, and Power
Banking Regulation: Closed for Business
Satisfied with the meager reforms of the Dodd-Frank financial-reform bill, the Treasury is standing in the way of further efforts to rein in mega-banks.
Posted inMoney, Politics, and Power
The Fed’s Foreclosure-Relief Fail
One woman’s nightmarish odyssey through the system that was supposed to help get her back on her feet.