New Orleans Yesterday a brief look at the new National Mortgage Settlement (NMS) and the results of the Independent Foreclosure Review (IFR) indicated that the latest reports, just like the earlier reports, indicate that the Obama Administration continues to get snookered at every brush with the big banks and Wall Street as it continues to …
Tag: wall street
Cultural Shift: The Media Suddenly Rediscovers Poverty
New Orleans I swear there’s a shift suddenly in the recognition that poverty is a big freaking problem. Everywhere I turn in recent days commentators, columnists and reporters feel obligated to at least mention poverty and the poor either directly or euphemistically. In a cultural shift from recent decades, folks feel they should at least …
Lessons from Wall Street Crash: Greed is not Good, but it is Pervasive!
New Orleans In the small shelf of books I have on the ways and means of the Great Recession, how the crash came to occur, and what it means for the future, there is a 360 degree circle of finger pointing, blame, and shame. As William Cowan astutely argues in How We Got the Crash Wrong …