by Gaius Publius on 6/08/2011 01:30:00 PM



As a follow-up to this post about the creditor class and the debtor class, we find this interesting data (h/t Paul Krugman). It's part of a Table 9 from Edward Wolff's Levy Institute paper, Recent Trends in Household Wealth (pdf); to see the whole table with notes, click the link and go to ( Read more... )

Oklahoma Republicans Ready To Blame The Recession On 'Debauchery'
~Honestly, you don't even have to read the article...

...and every Tag a Pun...

Eschaton brings us the new wave. Looks like we are right now in the very lowest point of the trough, with a wave of potential foreclosures looming right before us.

I mean, freakin' hell, people, an over 80% increase in mortgage payments by mid '11?

The Senate on Thursday rejected an effort to stave off home foreclosures by a vote of 51 to 45. It was an overwhelming defeat, with the bill's backers falling 15 votes short -- a quarter of the Democratic caucus -- of the 60 needed to cut off debate and move to a final vote ( Read more... )

From Ryan Grim @ HuffPo
04/29/09 03:57 PM

Sen. Dick Durbin (D-Ill.) has been battling the banks the last few weeks in an effort to get 60 votes lined up for bankruptcy reform. He's losing.

On Monday night in an interview with a radio host back home, he came to a stark conclusion: the ( banks own the Senate... )

Banks shift bankruptcy tactics
WASHINGTON - Big banks, scrambling to prevent the government from forcing them to rewrite mortgages for struggling homeowners, are using their lobbying clout to press the Obama administration and Congress to scale back a key measure to rescue borrowers from foreclosures ( Read more... )