Eclectablog, who has been doing solid reporting on the takeover of Benton Harbor by an Emergency Financial Manager, has been wondering why MI’s Democratic Party hasn’t been more vociferous in supporting Benton Harbor. Today, he reported that MI Dems Chair Mark Brewer told Berrien County’s Dems that the MDP would not help them. The occasion [...]

On Saturday, I described how the democratically-elected government of Benton Harbor, a poor, segregated MI city about an hour south of me, lost its power to the city’s Emergency Financial Manager. There are two parts of the story that I didn’t explain, which this post from wizardkitten does well. First, the EFM law goes back [...]

DDay reported on OCC’s attempt to preempt a foreclosure settlement on Monday. Today, Yves Smith has a long post giving the consent decrees the banks are trying to roll out in lieu of a real foreclosure settlement the disdain they deserve. Wow, the Obama administration has openly negotiated against itself on behalf of the banks. [...]

Jennifer Granholm joins the chorus of those calling on JP Morgan and friends to return the favor the US taxpayers gave them when they gave them TARP funds.

Jennifer Granholm and John Cherry describe the meaning of last night’s failure well.

It’s Richard Shelby v. Jennifer Granholm, both spinning wildly to get their state’s auto industry a competitive advantage.

Obama’s campaign events are increasingly cementing the image of him governing.