Geithner suggests more multiplexes, admits GSE role in meltdown

Secretary of the US Treasury Tim Geithner testified before the House of Representatives Committee on Financial Services on Tuesday. Geithner’s remarks suggest the government will get behind the idea of increasing multiplex housing units. What’s even more interesting, however, is that a top ranking Democrat finally admitted the significant role of Fannie Mae and Freddie Mac in the financial crisis.

Click to read more ...

Media doesn’t give Bill Black due credit on financial regulation

By Kay B. Day

Bill Black's book about the savings and loan scandal in the 1980s is cited as one of Bill Moyers' favorites.Bill Black, Associate Professor of Economics and Law at the University of Missouri—Kansas, made a riveting statement before the House Financial Services Committee on Tuesday. His statement resounded throughout all corners of the blogosphere, from left to right and dead center. One ‘progressive’ blog said Black is a ‘progressive.’ I have no idea about Black’s  politics and I don’t care about his politics. Many top media brands paid no attention.

Click to read more ...