A month ago, Brad Miller and a dozen other Congressmen — including House Financial Services Committee Chair Barney Frank — wrote the Financial Stability Oversight Council to ask that they look into the systemic dangers of foreclosure fraud. The letter requested that three very specific things be included in upcoming stress tests and overall consideration [...]

DDay has a really important post that–along with a great interview with Brad Miller–includes a letter from Miller and other members of Congress, urging the Financial Stability Oversight Council to take action to prevent the foreclosure fraud problem from becoming a systemic crisis. The letter reminds the FSOC that Dodd-Frank gives them the power to [...]

I had a bit of fun with Michael O’Hanlon on Tuesday. At the America’s Future Now conference, he was pitted against Juan Cole in a debate over the future of our Afghan war. I took the first question to note that we weren’t just facing a choice between escalating in Afghanistan (O’Hanlon’s position) or maintaining [...]

A couple of articles explain why Congress continues to be unable to reel in Wall Street.

A few days ago, this hearing might have focused on why we need to bribe the banksters to clean up their mess. Now, it will undoubtedly focus on why we’re socializing risk some more. We’ll also have William Dudley, the new head of the NY Fed. The Honorable Timothy F. Geithner, Secretary, U.S.

While I agree that AIGFP’s employees should not be getting threats, I also think taxpayers should not tolerate the threats that AIG is making about our financial system.

Over the weekend, Tim Geithner told the American taxpayers that AIG just had to pay out those millions in bonuses. But now we learn from Andrew Cuomo what was in those contracts, and it sure sounds like Geithner was lying to us.

I want prosecutions for Bush era wrong-doing. But barring that, we need to have some accounting for what was done. Today, Pat Leahy joined others in calling for such an investigation.

Nancy is building a bridge–but where will it go?