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Consumers Need a Credit Watchdog

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Elizabeth Warren on the need for a new consumer protection agency as suggested by President Obama in his proposals.

2008 subprime mortgage securities financial crisis

08/05/2007

Financial crisis from the widespread distribution of securities created from pools of subprime mortgages in the portfolios of finacil institutions around the globe. How credit rating agencies helped create the crisis by giving A ratings to these securities which were then widely distributed as credit worthy.

Grouped Articles

Goldman Sachs: Don't Blame Us

BusinessWeek 04/01/2010

A Toxic Subprime Mortgage Bond's Legacy Lives On

Wall Street Journal 09/13/2013

Recipes for Ruin, in the Gulf or on Wall Street

New York Times 06/11/2010

S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows Humor

New York Times 02/05/2013

S&P to Pay $1.5 Billion to Resolve Crisis-Era Litigation

Wall Street Journal 02/04/2015

Housing Bust Fuels Blame Game

Wall Street Journal 02/27/2008

Senior citizens and the effects of mortage overselling on their lives.

02/20/2009

The effects on minorities of mortgage reverse redlining has drawn attention, but the effects on seniors living on social security trapped in mortgages they cannot afford has not received as much attention.

Grouped Articles

Newly Poor Swell Lines at Food Banks Nationwide

New York Times 02/20/2009

Elderly Emerge as a New Class of Workers -- and the Jobless

Wall Street Journal 02/23/2009

Older Borrowers, Out in the Cold

Wall Street Journal 04/14/2009

Consumers Need a Credit Watchdog

BusinessWeek 07/15/2009

Martin Luther King Jr. Would Want a Revolution, Not a Memorial

New York Times 08/25/2011

Carolyn Hax: What happens when parents go broke during their golden years - The Washington Post

Washington Post 11/18/2011

Obama's plan for a new consumer protection agency with needed powers.

07/15/2009

One of the lessons of the global economic crisis is the need to protect consumerts to protect the economy as a whole. A system of lobbying and campaign contributions by the banking industry to members of Congress kills action in the public's interest. A dysfunctional system of consumer protection with powers and responsibilities spread over many federal agencies and no accountability, tends to put banking interests first, leading to the problems in the current crisis with subprime mortgages.

Grouped Articles

A Toxic Subprime Mortgage Bond's Legacy Lives On

Wall Street Journal 09/13/2013

Sharks Circle in Congress

New York Times 07/20/2009

Health-Care Firms Have Supported Lawmakers Debating Reform

Washington Post 07/21/2009

Dana Milbank - Washington Sketch: GOP's Steele Couldn't Have Said It Better Himself

Washington Post 07/21/2009

Consumers Need a Credit Watchdog

BusinessWeek 07/15/2009

That Promised Financial Reform

New York Times 10/14/2009


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