Yesterday’s on-the-record progressive media conference call with HUD Secretary Shaun Donovan was clearly designed to allay concerns about the imminent servicing settlement (in turn it raised new issues, as I mentioned in this post). Donovan stressed that the real value of the settlement could be twice as much in principal reduction as has been reported, [...]

If you were to ask me where Wall Street reform stands right now, I’d give it an incomplete. Well, actually I’d give it a C. There are some decent measures in the Senate bill, even a couple transformative ones, but overall some gaps in the regulatory structure remain, and the same financial oligarchs will have [...]