I do not think the twin epidemics of mortgage loan origination fraud (appraisal and “liar’s” loans) and the various epidemics of post-origination fraud by financial institutions are comparable crimes to the use of chemical weapons. The President’s job, however, is to deter a wide range of criminal conduct. The elite fraud epidemics cost over $11 trillion in losses to households alone and 10 million American jobs. The cost of these fraud epidemics is so vast that deterring future epidemics should be a high priority of every administration. The refusal of the Obama and Bush administrations to prosecute any elite banker whose actions contributed to the crisis has done the opposite of deterring future fraud epidemics – it has encouraged them.
- Help Us Develop New Media Content
LOOK WHAT THEY’RE SAYING:
International Post Keynesian Conference @ UMKC
- Conference site and details are found here.
Bank Whistleblowers United
Posts Related to BWU
Listen to Our Podcast
- Randy Wray on Krugman and the Frustration of the Heterodox April 28, 2014
- Fred Lee Talks About his Contributions to Heterodox Economics April 18, 2014
- Feb. 27 Podcast with Randy Wray February 27, 2014
- Bill Black and Randy Wray October 21, 2013
- Political Theatre and the Government Shutdown October 2, 2013
- Randy Wray: The Taper, the Debt Ceiling and the Prospects for Growth September 23, 2013
- Stephanie Kelton Talks with Warren Mosler September 4, 2013
Recommended Reading
Subscribe
Articles Written By
Categories
Archives
March 2023 M T W T F S S « Apr 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Blogroll
- 3Spoken
- Angry Bear
- Bill Mitchell – billy blog
- Corrente
- Counterpunch: Tells the Facts, Names the Names
- Credit Writedowns
- Dollar Monopoly
- Econbrowser
- Economix
- Felix Salmon
- heteconomist.com
- interfluidity
- It's the People's Money
- Michael Hudson
- Mike Norman Economics
- Mish's Global Economic Trend Analysis
- MMT Bulgaria
- MMT In Canada
- Modern Money Mechanics
- Naked Capitalism
- Nouriel Roubini's Global EconoMonitor
- Paul Kedrosky's Infectious Greed
- Paul Krugman
- rete mmt
- The Big Picture
- The Center of the Universe
- The Future of Finance
- Un Cafelito a las Once
- Winterspeak
Resources
Useful Links
- Bureau of Economic Analysis
- Center on Budget and Policy Priorities
- Central Bank Research Hub, BIS
- Economic Indicators Calendar
- FedViews
- Financial Market Indices
- Fiscal Sustainability Teach-In
- FRASER
- How Economic Inequality Harms Societies
- International Post Keynesian Conference
- Izabella Kaminska @ FT Alphaville
- NBER Information on Recessions and Recoveries
- NBER: Economic Indicators and Releases
- Recovery.gov
- The Centre of Full Employment and Equity
- The Congressional Budget Office
- The Global Macro Edge
- USA Spending