New and Improved OWS with Acai Berry

Christian Science Monitor: What’s next for Occupy Wall Street? Activists target foreclosure crisis. The Occupy Wall Street movement, which cut its teeth last fall by occupying streets and parks across the country, is moving into a new phase as it gears up for spring: occupying homes. The movement that claimed to speak for “the 99 [...]

Gratuitous Clinton Bashing

Even though it’s been out for a couple months now, Dan Froomkin decided to bring up Ron Suskind’s Confidence Men again: In the book, Suskind describes how Obama made the conscious choice to staff his economic team with former Clinton appointees whose sympathies were with Wall Street — and that those men were unable to [...]

Sacred Tropes and Right-Wing Cows

Sister Toldjah: Remember when Barack Obama was upset at the bonuses paid to AIG execs? [...] When the bubble burst in 2007, Fannie and Freddie began to lose billions of dollars of investments in mortgage-backed securities (MBS) guarantees. In September 2008, the Federal Housing Finance Agency (FHFA) took Fannie and Freddie into conservatorship as a [...]

Where did the money go?

Let’s say it’s 1986, you’re in your mid-twenties and you and your spouse decide to buy a home for you and your two young children. You live in a medium-large city and you both have good jobs. With a little help from your parents and in-laws you manage to get a modest 3 bedroom tract [...]