By Abigail Caplovitz Field, a freelance writer and attorney who blogs at Reality Check
On Thursday, April 5th U.S. District Court Judge Rosemary M. Collyer announced she had decided to sign off on the "$25 billion" Mortgage Settlement. By "announced", I mean she signed the consent orders all our major law enforcers and the biggest bankers had agreed to, and entered them into the record.
The consent agreements the bailed-out bankers (B.O.B.s), the feds and the states are largely as had been promised. One big surprise, however, is that the B.O.B.s would now be allowed to systematically overcharge borrowers and steal ... Read Post
By Abigail Field, a freelance writer and attorney who blogs at Reality Check U.S. Housing Secretary Shaun Donovan has embarrassed himself yet again. This time, though, he's gone in for total humiliation. See, he praised the bank-run... Read Post
By Abigail Caplovitz Field, a freelance writer and attorney who blogs at Reality Check Jamie Dimon, John Stumpf, and to a lesser extent, Vikram Pandit and Bryan Moynihan, are running massive hedge funds. They're placing enormous, in... Read Post