Paul Kiel and Olga Pierce: The Obama administration has relied on a voluntary program with few sticks, that simply offers banks incentives to modify mortgages.
It behooves everyone in Congress to demand that big banks, the overnight recipients of billion-dollar bail-outs, renegotiate loans in bankruptcy court. After all, we must remember these banks, the ones we bailed out, caused the financial meltdown with predatory sub-prime lending.
On the eve of the official nomination of Presidential candidate Barack Obama, the son of an immigrant, some of the leading voices shaping the Democratic Party’s immigration reform platform reveal a mix of reserved optimism and pragmatism. While the Blue Dog Democrats – a group of 47 moderate and conservative Democratic Party members of the [...]