Freddie Mac Loan Deal Defective: Report

 September 27, 2011 Freddie Mac used a flawed analysis when it accepted $1.35 billion from Bank of America to settle claims that the bank misled it about loans purchased during the mortgage boom, according to an oversight report scheduled for release on Tuesday. Freddie Mac The faulty methodology ... Read more

The $41 Million Question

National People’s Action September 26, 2011 Members of the Joint Committee on Deficit Reduction have received $41 million from the financial sector during their time in Congress, according to a new report from Public Campaign and National People’s Action, “Wall Street and the Supercommittee: The $41 Million ... Read more

‘Massive jobs shortfall’ predicted for global economy

International Labour Organisation said the group of developing and developed nations had seen 20m jobs disappear since the financial crisis in 2008 Reuters September 26, 2011 The world’s major economies are heading for a “massive jobs shortfall” by the end of next year if ... Read more

Obama’s Small Tax on the Wealthy Hides the Real Class War

Obama Taxes the Rich for the Wrong Reasons By Shamus Cooke Common Dreams, September 24, 2011 President Obama may have opened Pandora’s box with his latest tax-the-rich rhetoric, but he’ll try to keep the lid half-shut. Truly informing the public about just how rich the rich ... Read more

Some 3,000 Millionaires Claim Jobless Benefits, IRS Data Show

By Ryan J. Donmoyer Bloomberg, Oct 1, 2010 Enlarge image Job seekers wait in line at the JobLink Career Expo in Raleigh, North Carolina. Photographer: Jim R. Bounds/Bloomberg After the economy slipped into recession in 2008, millions of Americans received unemployment benefits to make ... Read more