Isn't it time we put a stop to the revolving door?
It's unlikely that any of Wall Street's criminals will ever go to jail, but maybe if we kick up enough of a fuss, we can get Jamie Dimon kicked off the board of the NY Fed. Not that there's anything wrong with sitting on the board of the agency
I can't find any breakdown in this LA Times piece, but I have to wonder: How many of these loans are from the shell game run by for-profit colleges? Because they're almost designed to have students default, much like mortgage derivatives. And in
Dept. Of Better Late Than Never? New York Fed Realizes Crappy Bankruptcy Bill Made Mortgage Crisis Worse
In 2005, the Billionaires for Bush stumped for the new bankruptcy bill. See how well that worked? And isn't funny that the NY Fed had to take all this time to figure out what so many of us already knew? WASHINGTON -- Economists at the New