Why Big Banks Will Pay The Piper in 2013

patching panks

Bruce Reilly: 2013 is poised to become the most important year of the subprime aftermath. The five-year statute of repose, the window within which cases are arguably eligible under the Securities Act, will close.

Europe’s Youth Employment Is Bad, But Not As Bad As We’re Told

spain euro

ardly a day goes by without a new headline screaming about the scandal of youth unemployment, which has been pinned at the outrageous levels of 50 percent in Spain and Greece and above 20 percent in the eurozone. There’s just one problem – those numbers are derived from a flawed methodology, which misrepresents the true [...]

Haitians Poisoned: And Justice?

haiti

Ayiti Kale Je: With the complete failure of the government to fulfill its obligations, who would dare to sip one of Haiti’s traditional drinks, made from homegrown sugar cane? Who will take the risk of being poisoned? Not the privileged, who drink fine, sweet rum or imported whiskies.

Haitians Poisoned: Liquid Death

michaelle

Ayiti Kale Je: In Haiti, the authorities continue to mystify the public with promises and “commissions,” while the national clairin industry disappears under a tidal wage of imported clairin.

The Murdoch Implosion

fox-news

Tom Degan: I have been desperately trying to write a poem about the train wreck that Rupert Murdoch’s life has become but I’ve run into a brick wall. Could somebody give me a word that rhymes with schadenfreude?

Foreclosure Paperwork Scandal

Marian Wang: Though foreclosures continue to speed through courts in some states, in recent months some judges have increasingly questioned banks bringing foreclosure cases in court, forcing them to prove their legal standing to foreclose.

Wikileaks and Public Key Diplomacy

enigma machine

Jonathan David Farley: What’s surprising about the U.S. State Department/WikiLeaks scandal is that there is a scandal. As a friend reminded me, these days it’s really quite easy to make sure no one can read your messages, unless you want them to.

What Is a Wrongful Foreclosure?

foreclosure

Marian Wang: The issue at the center of the foreclosure scandal isn’t the use of robo-signers and shortcuts in paperwork: It’s whether the banks’ mistakes and lack of due diligence caused people to face wrongful foreclosures.

Returning to the Rule of Law: Bogus Republican Complaints about AIG Bailout

Sen. Jeff Sessions (R-AL), Sen. John Ensign (R-NV) and Sen. Pat Roberts (R-KS).

Last week, Senator Jeff Sessions (R-AL) weighed in to express his outrage at the lack of government control which led to the AIG bailout scandal. This isn’t the first time that Sessions has expressed outrage over wasteful spending and lack of government control. Back when the Iraq war was young, news broke that Paul Bremer [...]

The Financial Meltdown: My Comrades in Journalism Are At Fault Too

Although the Senate is scheduled to vote tonight to save the financial rescue package, there is a massive amount of finger pointing about who was to blame for Monday’s failure in the House vote. Democrats blame Republicans, Republicans blame Democrats, dogs blame cats, and vice versa. Alas, my former brothers and sisters toiling in business [...]

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