Banks behaving badly

Cora Currier: “Banks Colluding with Insurers to Rip Off Homeowners, Lawsuit Alleges“ A federal judge in Miami on Tuesday opened the door to a class action against Wells Fargo. More than 20,000 Florida homeowners can now sue Wells Fargo and an insurance company, QBE, for allegedly overcharging for insurance. More than $50 million in insurance [Read More…]

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Bank-transfer season 2012

The New Bottom Line project says “Bank Transfer Season 2012 Kicks Off in San Francisco“: Yesterday, clergy in San Francisco announced plans to divest $10 million from Wells Fargo. 40 clergy from across San Francisco gathered outside the headquarters of Wells Fargo to call on the bank to put an immediate freeze on all foreclosure [Read More…]

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Dives and Abraham: Martin Luther King Jr. demolishes Mitt Romney’s talk of ‘envy’

The Rude Pundit points us to the sermon the Rev. Martin Luther King Jr. delivered at the National Cathedral in Washington on March 31, 1968, the final Sunday of King’s life. That sermon, “Remaining Awake Through a Great Revolution,” includes an extended look at the parable of Lazarus and Dives. The character of “Dives” isn’t [Read More…]

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‘But we cannot have both’

Ian Ayres and Aaron S. Edlin are pushing for a Brandeis tax based on maintaining a Brandeis ratio of 36-to-1. I hope they keeping pushing for this, even though I doubt their proposal will go anywhere. I’m just happy they’re calling it a “Brandeis tax” and a “Brandeis ratio,” because every time anyone asks why [Read More…]

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The Liberation of Ebenezer Scrooge (and possible liberation of Jamie Dimon)

The Consumerist brings us the latest in a wave of recent stories about a mystery benefactor bringing holiday cheer to strangers in need. Call it holiday cheer or call it the best bandwagon we’ve ever seen, but yet another kind-hearted consumer has plunked down cash to make the season a bit brighter for his fellow [Read More…]

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Congress cuts LIHEAP — because giving billions to the rich is no fun unless you also get to screw the poor

Susie Madrak notes that the shutdown deal in Congress cuts winter heating aid for low-income families. I used to be confused as to why LIHEAP was always among the first programs on the chopping block when states or the federal government wanted to cut the budget. LIHEAP, the Low-Income Home Energy Assistance Program, helps low-income [Read More…]

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Ludwig von Mises smacks down latest religious-right talking point

Right-wing hero Ludwig von Mises approaches the Jesus of the Bible the same way that Chuck Colson does — which is to say that he’s primarily interested in whether or not it will rile up the peasants or keep them sedate. But where Colson invokes Jesus as a helpful moralist who can keep the peasants [Read More…]

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Banks behaving badly

Matt Stoller: “Mortgage Servicers: Getting Away with the Perfect Crime?“ The bad behavior is so rampant that banks think nothing of a contractor programming fraud into the software. This is shocking behavior and has led to untold numbers of foreclosures, as well as the theft of huge sums of money from mortgage-backed securities investors. Here’s [Read More…]

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