Have Fun Storming The Castle! Obama Nominates Richard Cordray to Head CFPB

President Obama has apparently nominated Richard Cordray, the former Attorney General of Ohio. Here's a pic: It's an interesting choice, for at least two reasons: Cordray appears to be very honest as well as a very tough customer - not at all the sort of guy who will rubber-stamp the actions of the banksters. In this article from last October's Washington Independent (regarding the foreclosure...

Dean Baker Slaps Tom Friedman Silly

It's well deserved, of course, as are most of the brickbats leveled at the man who once, in 2003, offered Charlie Rose the notion of "suck on this" as a rationale for the Iraq war (no, really, he did): Ah, memories. This is who much of the current crop of leaders of industry (read: baby boomers) revere as a great thinker. Dean Baker gives us yet another reason (besides "suck on this" and the...

When (and HOW) Will Our Manufactured Debt-Ceiling Crisis End?

I will leave this poll up in the sidebar for new votes until the crisis is actually resolved - however (and whenever) it gets resolved. I stopped at seven answers (including the ever-popular "other"), but in truth, I could have just as easily constructed a poll with eleven or fifteen answers, all slightly different. Between the "Grand Bargain" floated by Obama, the McConnell deal (both the...

Elizabeth Warren Out at CFPB?

Bloomberg says Obama's eliminated Elizabeth Warren as a choice to head the CFPB. Wall Street Journal says something less definitive. No confirmation from other sources. No word on who the choice to head the new organization might be, if not Warren. This will be another litmus test for Obama's commitment to doing what he can do - relatively easily - for the people of this country and also (perhaps...