Bill Clinton’s Legacy of Denial

Robert Scheer / Truthdig Jun 6, 2016 Endorsing the Republican agenda of financial industry deregulation, reversing New Deal safeguards, President Clinton caused more damage to the American economy in the long run than any president since Herbert Hoover.That has always been the man’s special gift—to rise above, and indeed benefit from, the messes he created. Dig deeper ( 4 Min. Read )

How Clinton Democrats Killed Roosevelt’s Dream of the Affordable Home

BLANK Apr 8, 2016 The following excerpt from Robert Scheer's book "The Great American Stickup" details the perversion of Fannie Mae and Freddie Mac and is particularly relevant this election season, as it explains the connection between Clinton "progressives" and the 2008 housing meltdown that impoverished millions. Dig deeper ( 8 Min. Read )

Credit Occupy in Bernie Sanders’ Surge

Bill Boyarsky / Truthdig Feb 4, 2016 What began in 2011 as a movement against income inequality has morphed into burgeoning support for a presidential candidate who is passionate about economic justice. Dig deeper ( 5 Min. Read )

Neoliberalism’s Zero Hour in the Heartland

By Alan Minsky Feb 1, 2016 Will Monday's caucus in Iowa open the door wider to the political insurgents and leave the traditionalists gulping Xanax? Or will it expose Big Change as just a brief burst of lightning? Dig deeper ( 11 Min. Read )

One Child

Signe Wilkinson / Truthdig Nov 8, 2015 Dig deeper

Banks Rejected Three Out of Four Requests for Loan Modifications Under Vaunted Obama Program

Alexander Reed Kelly / Truthdig Aug 1, 2015 One of the Obama administration’s “signature efforts to help homeowners” has “allowed big banks to run roughshod over borrowers again and again,” reports The New York Times. Dig deeper ( 1 Min. Read )

ACLU: Black Homeowners Were Preyed Upon by Banks Before the Great Recession

Roisin Davis / Truthdig Jun 24, 2015 Racial wealth inequality has widened due to targeting of black Americans by pre-2008 subprime mortgage lending, a report by the American Civil Liberties Union finds. Dig deeper ( 2 Min. Read )

New Study Shows Why It Makes Absolutely No Sense to Blame the Poor for the Financial Crisis

Natasha Hakimi Zapata / Truthdig Jan 28, 2015 Despite efforts to blame the housing crisis on lower-income buyers, the truth is that the rich had a greater impact on the economy by defaulting on significantly larger mortgages. Dig deeper ( 1 Min. Read )

Follow the Money: Big Banks, DOJ Find Benefits in Settlement Deals

Donald Kaufman / Truthdig Oct 31, 2014 Dig deeper ( 2 Min. Read )

California Trial Places Mortgage Blame on Bankers

Alexander Reed Kelly / Truthdig Sep 8, 2014 In an "unprecedented" trial that challenges the Obama administration's official position on who was responsible for the 2008 financial meltdown, a Sacramento jury in late August thwarted a federal prosecutor's effort to charge borrowers with mortgage fraud after the defense successfully argued that executives who signed off on the loans didn't care whether answers given on mortgage applications were accurate. Dig deeper ( 3 Min. Read )

Who Advised Cuomo on Mortgage Industry Investigation? A Mortgage Lobbyist

Staff / Truthdig Jul 17, 2014 Howard Glaser was brought on to help then-Attorney General Andrew Cuomo on his mortgage industry investigation. Glaser was working for the industry at the same time. Dig deeper ( 7 Min. Read )

L.A. Sues America’s Biggest Bank Alleging Predatory Lending

Donald Kaufman / Truthdig Jun 3, 2014 On Friday, the city of Los Angeles filed a lawsuit against JPMorgan Chase accusing it of pushing minority borrowers to take on risky home loans that would ultimately cost the city at least $1.7 billion in lost revenue and maintenance. Dig deeper ( 1 Min. Read )