Phil Gramm, Architect of Sequester and Recession, Looks for Someone Else to Blame

Citizen Wealth Financial Justice Foreclosure

New Orleans   Phil Gramm, the former Texas Senator and head of the Senate Banking Committee from 1995-2000, wrote a “pin the tail on the donkey” piece in the Wall Street Journal trying to find someone other than himself to blame for the Great Recession.  The piece was almost unintelligible, though the headline and the first …

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Community Reinvestment for Non-Bank Financial Institutions

Citizen Wealth Financial Justice Foreclosure

New Orleans   A conundrum becomes a contradiction when we look at regulators concerns about the size and operations of huge, non-bank financial institutions that were such a sizeable factor in triggering the Great Recession and find that they are moving to protect the financial system and ignoring citizen and consumer interests.   The Treasury Department has …

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