Who’s to Blame for the American Dream Deferred?

Robert Scheer / Truthdig Dec 13, 2019 In a new installment of "Scheer Intelligence," author Aaron Glantz argues that both parties prioritize Wall Street over working people. Dig deeper ( 28 Min. Read )

Trump’s Treasury Pick Excelled at Kicking Elderly People Out of Their Homes

By Paul Kiel and Jesse Eisinger / ProPublica Jan 17, 2017 When Steven Mnuchin ran OneWest, the bank aggressively and, in some cases, wrongly foreclosed on elderly homeowners with reverse mortgages. The bank had a disproportionate share of such foreclosures. Dig deeper ( 5 Min. Read )

Trump Pick for Treasury Chief Is the ‘Ultimate Wall Street and Government Insider,’ Says GOP Lawyer

Alexander Reed Kelly / Truthdig Dec 1, 2016 Steven Mnuchin got rich with taxpayer money in a legal but “distasteful” corporate welfare scheme in which he used dubious mortgages to foreclose on tens of thousands of families through a failed bank he bought cheap in the 2008 Wall Street crash, says California lawyer Saied Kashani. Dig deeper ( 2 Min. Read )

John Oliver: We Have to Start Treating Puerto Rico Like an Island of American Citizens (Video)

Staff / Truthdig Apr 25, 2016 The "Last Week Tonight" host outlines the Puerto Rico debt crisis and calls on actor Lin-Manuel Miranda to explain just how dire the situation in the U.S. territory is. Dig deeper ( 1 Min. Read )

Investors and Their Bankers Want Everything From Puerto Rico

Alexander Reed Kelly / Truthdig Jul 29, 2015 Billionaire hedge fund managers have demanded that Puerto Rico lay off teachers, close schools, raise taxes, sell billions of dollars worth of public buildings and drastically cut public spending in order to repay loans and avoid financial default. Dig deeper ( 1 Min. Read )

Cry for Argentina: Fiscal Mismanagement or Pillage?

By Ellen Brown, Web of Debt Aug 15, 2014 Argentina has now taken the U.S. to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy. Dig deeper ( 6 Min. Read )

Greg Palast: How Obama Could End Argentina’s Debt Crisis

Alexander Reed Kelly / Truthdig Aug 9, 2014 "The 'vulture' financier now threatening to devour Argentina can be stopped dead by a simple note to the courts from Barack Obama," investigative journalist Greg Palast writes Thursday at The Guardian. "But the president, while officially supporting Argentina, has not done this one thing that could save Buenos Aires from default." Dig deeper ( 2 Min. Read )

Clintonians Join Vulture Flock Over Argentina

By Conn Hallinan Jul 24, 2014 Likely leaders of a Hillary Clinton administration are helping hedge fund billionaire Paul Singer wring hundreds of millions of dollars out of Argentina, a move that could derail the country's long climb back into solvency and undermine debt settlements worldwide.Likely leaders of a Hillary Clinton administration are helping hedge fund billionaire Paul Singer wring hundreds of millions of dollars from Argentina. Dig deeper ( 7 Min. Read )

Argentina Alleges Extortion After Court Sides With ‘Vulture Funds’

Staff / Truthdig Jun 19, 2014 This week, the U.S. Supreme Court rejected an appeal from Argentina over its $1.5 billion debt in a ruling critics say validates predatory behavior by "vulture funds." "Democracy Now!" looks at the case that is being called the "trial of the century" in how poor countries repay sovereign debt. Dig deeper ( 1 Min. Read )

Argentine Debt Appeal Rejected

Alexander Reed Kelly / Truthdig Jun 18, 2014 The U.S. Supreme Court handed Argentina two major disappointments Monday "in cases brought by bondholders who refused to accept reduced payments after the country’s 2001 default," The New York Times DealBook reports. Dig deeper ( 1 Min. Read )

Greg Palast: Between Two Vultures

Alexander Reed Kelly / Truthdig Aug 6, 2013 International gumshoe reporter Greg Palast tells RT's Max Keiser how the fate of the Argentinian economy will be decided by a legal battle between the White House and Paul Singer -- "the great vulture speculator in America" and "probably the top donor, or organizer of donors for the Republican party" -- over the profits of big banks. Dig deeper ( 2 Min. Read )

Labor Day

Milt Priggee, Cagle Cartoons, www.miltpriggee.com Aug 31, 2012 Dig deeper