The other day, I noted that Administration claims that they were helpless to affect what they now depict as loan servicers’ “sloppiness” but what really amounts to fraud ignores their decision to stop pushing for cramdown–and with it, leverage over the loan servicers. I think (though I’m less sure of this) they’re ignoring one other [...]

Chrysler’s creditors are making fantastic claims about what they can get for Chrysler in bankruptcy. I wonder if that’s a tell about how much they’ve gambled on Chrysler’s failure?l

In addition to pushing Chrysler into bankruptcy, JPMorgan Chase was selling some awful gimmicks to local governments.

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.

JP Morgan Chase is working to put 300,000 people out of work–many of them in Michigan. But lucky for JP Morgan Chase, it has the contract for providing Michigan’s unemployment benefits by debit card. So it still stands to make money off those unemployed Michiganders after JP Morgan Chase causes them to lose their job.

The Peanut CEO’s response to being invited to eat his own toxic product was invoking his Fifth Amendment Rights. But the bank CEOs? No one has yet asked them to eat their own toxic products.