Standard and Poor’s Political Advocacy, Potential Selective Leaking Questioned

By: Tuesday August 9, 2011 9:35 am

There’s a small bit of solace in the face that the president of Standard and Poor’s had to go out and defend his company from the charge that their downgrade of US debt was politically motivated. Standard & Poor’s president defended his company’s downgrade of the U.S. triple-A credit rating, saying S&P had no political [...]

Miller, Franken Assail Banks for Continuing Robo-Signing

By: Tuesday July 19, 2011 2:25 pm

Members of Congress expressed outrage and surprise that the nation’s leading banks have continued to engage in robo-signing, months after they swore to the public and in Congressional testimony that they would end the practice. Lawmakers in the House and the Senate said that regulatory enforcement and monitoring needed to be increased, and no settlement [...]

The Truth About Social Security – A Problem of Inequality

By: Tuesday June 21, 2011 6:50 am

Social insurance advocates remain dismayed by AARP’s decision to accept Social Security benefit cuts as part of a balanced solution to address the long-term funding gap, a decision they claim was not any different than their prior stances. AARP popped up yesterday to insist on their opposition to including Social Security as part of the [...]

CA-36: Hahn Using Threatened Medicare Phase-Out, Gingrich Comments in New Mailer

By: Monday June 20, 2011 6:10 am

Democrat Janice Hahn’s campaign for the House of Representatives against Republican Craig Huey, which takes place July 12, has mostly been waged on the territory of social issues. Hahn has delivered a selection of TV ads and mailers citing Huey’s opposition to abortion and his naming of Planned Parenthood as a “murder mill.” And an [...]

Al Franken: “I Think We’ve Ceded Too Much Ground” In Deficit Debate

By: Friday June 17, 2011 3:59 pm

MINNEAPOLIS – Sen. Al Franken will give a speech tomorrow at Netroots Nation about the need for progressive infrastructure as a firewall to protect the middle class. In this excerpt from tomorrow’s speech, he is unsparing in even subtly questioning the patriotism of those who would threaten the survival of the middle class: Medicare, and [...]

GAO Report Calls Federal Oversight of Mortgage Servicers “Limited” and “Fragmented”

By: Friday May 6, 2011 11:59 am

The Government Accountability Office released a report requested by several Democratic members of Congress about documentation problems in mortgage foreclosures. If you’re just coming to the question of foreclosure fraud, it provides a pretty good overview. If you’re aware of the issues, it’s good to have it all in one place. The GAO does say [...]

Proper Reaction to S&P Credit Downgrade Threat: Bursting Out Laughing

By: Tuesday April 19, 2011 7:25 am

Dave Lindorff managed to scrounge up the best quote from an economist in reaction to S&P’s threatened US credit downgrade: At least one economist burst out laughing on hearing about the S&P announcement. “They did what?” exclaimed James Galbraith, a professor of economics at the University of Texas in Austin, who formerly served as executive [...]

Cantwell, Senate Democrats Urge CFTC to Stop Oil Speculation

By: Friday March 18, 2011 8:00 am

Analysts in Washington point to rising tensions in the Middle East and the uncertainty in Libya as the reasons for the recent spike in oil prices. They don’t like to mention speculation. Matt Taibbi and others have documented well the speculative bubble in oil and commodities that rose in 2008, causing food riots and starvation. [...]

Senate Judiciary Hearing Pushes Mandatory Mediation as Solution to Foreclosure Crisis

By: Tuesday February 1, 2011 9:18 am

The Senate Judiciary Committee just wrapped up a hearing on HAMP, the foreclosure crisis and bankruptcy courts, presided over by subcommittee chair Sheldon Whitehouse. Only three other members of the Judiciary Committee managed to attend this hearing. Al Franken and Richard Blumenthal were there the whole time, and Republican ranking member Chuck Grassley poked his [...]

Franken Assails FCC, DoJ Approval of Comcast-NBC Merger

By: Tuesday January 18, 2011 12:49 pm

Earlier today, the FCC and the Justice Department ruled in favor of the merger between Comcast and NBC Universal, creating one of the largest media conglomerates in the world and setting an unadvisable template for one company to combine the power of media and the Internet. Sen. Al Franken, who has been a lonely critic [...]

26 Co-Sponsors for Senate Rules Reform, as Ben Nelson Walks Back Opposition

By: Thursday January 6, 2011 2:28 pm

Senators Tom Udall, Jeff Merkley and Tom Harkin have announced that their proposal for reforming the Senate rules now has 26 co-sponsors, all Democrats. But they represent a healthy ideological cross-section of the entire caucus. In addition to Udall, Harkin and Merkley, the resolution is currently co-sponsored by the following senators: Dick Durbin (IL), Amy [...]

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