
The CFPB exists to protect us from the scams and abuse of the ‘Too Big To Fail’ banks. Naturally, the GOP HATES this idea.

The CFPB exists to protect us from the scams and abuse of the ‘Too Big To Fail’ banks. Naturally, the GOP HATES this idea.

A debt collector has figured out how to make credit card defaults pay by foreclosing on peoples homes in California

Former bank senior executive and noted author details out the tricky road ahead of banks in the wake of the largest banking scandal in history

To the Republicans/Conservatives, free market forces will always save the economy, save the country, save the day…this mantra is their Superman, their end all, their cure-all, their payback to big business for all the dollars that are pumped into their election campaigns.

The Great Recession of 2008 – the worst economic upheaval since the Great Depression of the 1930s – brought the world to the edge of the precipice. It was yet another painful reminder that not only aren’t unregulated markets rational, they can be responsible for causing untold carnage if given half a chance.

Andy Sullivan of Reuters is reporting that Barney Frank will not seek re-election in next years elections. Frank is a stalwart liberal and co-sponsor of the Dodd-Frank Act (Wall Street Reform)