Republicans and Democrats Speak Out Against “Too Big to Jail” HSBC Case

By: Monday December 17, 2012 8:30 am

We now have bipartisan anger at the decision to hold HSBC and its executives harmlessfor years of money laundering and facilitating the culture of Mexican drug cartels. In fact, only the shareholders will pay, and not all that much, what amounts to five weeks’ worth of profits for the bank. The certainty of not being [...]

White House Has Concerns With Eminent Domain Proposal

By: Thursday July 19, 2012 6:21 am

The bid by the private company Mortgage Resolution Partners to team with municipalities and use eminent domain laws to purchase underwater mortgages and then refinance them at a discount to the borrower has generated lots of attention at the wonk level. Now the White House has weighed in, and expressed skepticism: The Obama administration has [...]

Rep. Brad Miller on Using Eminent Domain to Reset the Housing Market

By: Friday July 13, 2012 12:45 pm

The reason I initially contacted Rep. Brad Miller today was to discuss an issue that has come into vogue this week as a potential solution to the housing crisis. San Bernardino County is considering a partnership with Mortgage Resolution Partners on a scheme that would condemn underwater mortgages through the process of eminent domain, and [...]

Rep. Miller: Agency Officials Acknowledge That Securitization Task Force a Potemkin Village

By: Friday July 13, 2012 8:15 am

For a separate story (stay tuned!), I spoke yesterday with Rep. Brad Miller (D-NC), a member of the House Financial Services Committee. And while I had him, I asked him about that assembly of housing groups yesterday, all of whom pointed to the Justice Department as the culprit for the lack of progress on investigations [...]

Frank, Miller Try to Open Up Accountability for Fed, OCC

By: Thursday April 19, 2012 7:35 am

Barney Frank and Brad Miller tried to shake up a House Financial Services Committee hearing yesterday. As per usual, Republicans wanted to go after the CFPB’s funding and subject it to the appropriations process. As it stands, CFPB derives its funding from a portion of the funding of the Federal Reserve, which comes from sources [...]

Brad Miller Won’t Get Staff Director Position on Securitization Fraud Task Force

By: Thursday March 1, 2012 12:40 pm

Congressman Brad Miller will not become the staff director of the celebrated working group investigating securities fraud by the big banks, according to a source close to the process. Miller was on progressives’ wish list to run the RMBS working group, which is co-chaired by Eric Schneiderman as well as members of the Department of [...]

With Brad Miller Out as NC Governor, How About Staff Director on the Schneiderman RMBS Working Group?

By: Friday February 17, 2012 7:07 am

Rep. Brad Miller has decided not to run for Governor in North Carolina. The Congressman, who was basically redistricted out of his seat, has done a fairly remarkable thing; he stated that the higher office position didn’t match his skill set: “After much consideration, I have decided not to run for Governor,” he said. “My [...]

NC-Gov: Brad Miller Could Move From Congress Into Governor’s Race

By: Friday January 27, 2012 9:35 am

Could Brad Miller, who just yesterday announced his retirement from Congress, be urged to turn around and run in the Governor’s race in North Carolina? It could happen. Hours after Miller made his announcement yesterday, Bev Perdue, the embattled governor of the state, announced that she would not seek re-election. Polling showed that Perdue would [...]

Rep. Brad Miller Won’t Run for Congress Again

By: Thursday January 26, 2012 6:55 am

This is really bad news. The redistricting map in North Carolina was particularly brutal to Democrats. Though they have a Democratic governor, Bev Perdue, she plays no formal role in the process, and the heavily Republican legislature gerrymandered the maps to within an inch of their life. A state that will be a swing state [...]

Protesters Demonstrating in Front of Foreclosure Fraud Settlement Meeting in Chicago

By: Monday January 23, 2012 10:52 am

Protesters have gathered outside a meeting taking place in Chicago today between officials with the Obama Administration and some state Attorneys General or members of their staff, aimed at reaching agreement on a low-ball settlement with leading banks over foreclosure fraud.  The proposed settlement would give homeowners a pittance in exchange for a broad release [...]

DoJ Settles – Again – With Countrywide on Fair Lending Claim

By: Wednesday December 21, 2011 12:57 pm

The Department of Justice has announced a $335 million settlement with Countrywide, the former subprime mortgage giant now subsumed into Bank of America, on claims of housing discrimination. The Justice Department on Wednesday announced the largest residential fair-lending settlement in history, saying that Bank of America had agreed to pay $335 million to settle allegations [...]

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