All Commentary
Friday, February 10, 2012

Mortgage-Relief Scheme Finalized

“As state and federal authorities announced the details of their $26 billion mortgage settlement with big banks on Thursday, millions of American homeowners were hoping that this time they would finally get relief.” (New York Times)

In fact the program is a favor to banks that should have gone bankrupt.

FEE Timely Classic
“Wall Street Couldn’t Have Done It Alone” by Sheldon Richman