The American people clearly spoke, and the drubbing Democrats received requires looking beyond just issue polls, voting patterns, campaign strategy, or get-out-the-vote tactics.
Gretchen Morgenson
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Don’t Blink, or You’ll Miss Another Bailout
A deal involving Bank of America that came to light recently shows how bank bailouts have continued, even if in a much quieter form than in the depths of the financial crisis.
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How to Cut Megabanks Down to Size
A member of the Federal Reserve Board argued last week that megabanks not only threaten taxpayers with bailouts and should be broken up, but their continuing failure to lend is also thwarting the economy.
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Big Banks' Mortgage Fraud Payments Will Be Tax-Deductible
Some or all of the big banks' payments for mortgage abuse will actually be a corporate windfall, as the banks can claim them as business expenses. Taxpayers, therefore, will likely lighten the banks’ loads.
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Surprise, Surprise: The Banks Win
A settlement reportedly in the works with big banks will soon end a review into foreclosure abuses, and it means more of the same: no accountability for financial institutions and little help for borrowers.
