Morning Maddow: The US Foreclosure Crisis Is A Massive Crime Scene

Have the Feds finally woken up, or is President Obama’s new initiative ordering the Justice Department to finally investigate possible criminal wrong doing by lenders in the “man-made disaster” that is the US foreclosure crisis merely an election-year PR ploy? Rachel puts the man charged...

Since we didn’t do a podcast this week

You have time to listen to this podcast...

Pardon me for asking…

But what the hell is the point of the Obama Administration placing a “stress test” on banks?  Seriously now… Top advisers to President Obama, including the Treasury secretary, Timothy F. Geithner, have insisted repeatedly that they want to keep the major banks in “private hands” and have...

Is Obama playing chess with bankers, too?

And who’s winning? Let’s get straight to the point: instead of using TARP/bailout money to make loans and get the economy humming again, Banks are reportedly hoarding money to beef up their balance sheets, using TARP funds to pay out dividends and bonuses, or buying up smaller, sicker...

The difference between Madoff and the banking system is…?

Still trying to wrap my brain around the notion that one man can go through $50 billion in a Ponzi scheme without anybody noticing, I’ve been pouring through articles about the Madoff Scandal today.*  Reading this stuff is more troubling then I imagined.  For example, this intro to a Dec. 15 article...