David Dayen
David Dayen
CRITIC
N/A
No Rating
0 reviews
USER
N/A
No Rating
2 reviews
RECENT ARTICLES
gold-cheese82%
Leading Title Insurer Wants Banks to Insure Its Title Insurance - Shadowproof

Leading Title Insurer Wants Banks to Insure Its Title Insurance - Shadowproof

Fidelity National Financial building in Jacksonville, FL (photo: LoneStarMike on Wikimedia Commons)The big fear from the title insurance market is that they would issue insurance to a borrower on a recently foreclosed property whose previous owner was improperly evicted from the home. The round of lawsuits end with the previous owner being given back the home. This triggers the title insurance taken out by the new borrower. If done on a mass scale, the title insurer could go bankrupt.Presumably, the threat to the title insurer is that their customers might actually have to use their title...

shadowproof.com
David Dayen
Oct 21
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
A Look at the Lame Duck - Productivity, but Economic Consensus Reigns - Shadowproof

A Look at the Lame Duck - Productivity, but Economic Consensus Reigns - Shadowproof

When I wrote a back in September, I called it “the fattest lame duck in captivity.” Because the Senate punted on so many items throughout 2010, it left a lot on the table to be completed, or at least attempted, in the November-December session. Looking back at that list, Congress did accomplish several of these goals:Bush tax cuts – EXTENDEDGovernment funding – PASSED UNTIL MARCHDefense authorization bill – PASSEDDon’t Ask Don’t Tell repeal – PASSEDDREAM Act – filibusteredunemployment insurance – EXTENDEDDoc fix – EXTENDEDCatfood Commission – didn’t get required votestax extenders – A FEW...

shadowproof.com
David Dayen
Dec 23
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Bloomberg FOIA Request Reveals $1.2 Trillion in Secret Fed Loans - Shadowproof

Bloomberg FOIA Request Reveals $1.2 Trillion in Secret Fed Loans - Shadowproof

“Wall Street Aristocracy Got $1.2 Trillion in Secret Fed Loans” interactive infographicI’m not sure if this is information we already knew from the Fed audit, or an additional set of data, or maybe just the specifics that came out of that Bloomberg FOIA request. At any rate, Bloomberg has presented it with a very provocative title: “Wall Street Aristocracy Got $1.2 Trillion in Secret Fed Loans.” I think some activist snuck into the Bloomberg offices and wrote this report.Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked,...

shadowproof.com
David Dayen
Aug 22
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
House Oversight Launches Investigation Into BP, Minerals Management Service - Shadowproof

House Oversight Launches Investigation Into BP, Minerals Management Service - Shadowproof

COSMOS-SkyMed image of oil spill on May 14, 2010. (source: SkyTruth.org via Flickr)[Ed. note: Sources report that associate director of Offshore Energy and Minerals Management at the Minerals Management Service Chris Oynes is stepping down effective the end of the month. Has Oynes been thrown under the bus?]At the heart of the BP oil disaster is a culture of permissiveness at the Minerals Management Service, the agency supposed to regulate offshore drilling. The MMS endured one of the most embarrassing investigations of a federal agency in recent history under the Bush Administration, when...

shadowproof.com
David Dayen
May 17
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Corporate America Wins Again With Supreme Court Ruling Against Class Action Small Claims - Shadowproof

Corporate America Wins Again With Supreme Court Ruling Against Class Action Small Claims - Shadowproof

The Supreme Court didn’t hold a press conference, but they made to the lives of Americans in a ruling today. And wonder of wonders, it benefits corporations at the expense of regular people.The Supreme Court gave corporations a major win Wednesday, ruling in a 5-4 decision that companies can block their disgruntled customers from joining together in a class-action lawsuit. The ruling arose from a California lawsuit involving cellphones, but it will have a nationwide impact.In the past, consumers who bought a product or a service had been free to join a class-action lawsuit if they were...

shadowproof.com
David Dayen
Apr 27
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Coburn Comes Out Against Tax Exemption for Olympic Medalists - Shadowproof

Coburn Comes Out Against Tax Exemption for Olympic Medalists - Shadowproof

Michael Phelps on the way to gold (photo: AN HONORABLE GERMAN / flickr)Following up on an , the good news is that we’ve found one lawmaker in Washington who thinks that exempting Olympians from paying taxes on a cash award is a bad idea. The striking news is that this lawmaker is .If tax code gymnastics was an Olympic sport this idea might get a medal. Like the carve outs for NASCAR, rum makers and electric motorcycles, tax earmarks are a tax increase for everyone who doesn’t receive the benefit. I’m not sure taxpayers want to pay higher rates to help beleaguered Olympic medalists who have...

shadowproof.com
David Dayen
Aug 9
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Real Issues in Foreclosure Fraud Laid Out at House Judiciary Hearing - Shadowproof

Real Issues in Foreclosure Fraud Laid Out at House Judiciary Hearing - Shadowproof

(Photo Illustration: Lance Page/truthout; Adapted From: woodleywonderworks/Flickr)The House Judiciary Committee held a hearing today, the fourth in a few weeks on Capitol Hill, on foreclosure fraud. And because this was a Judiciary Committee hearing, the focus was a little different. We heard more about and the whole legal mess in this hearing.Mortgage lenders and their servicers, by flooding courts with falsified foreclosure documents, have created chaos in the judicial system, housing lawyers told lawmakers.“As we allow the mortgage loan industry to circumvent the rule of law, we show...

shadowproof.com
David Dayen
Dec 3
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Doug Schoen Misrepresented Own Data to Marginalize OWS - Shadowproof

Doug Schoen Misrepresented Own Data to Marginalize OWS - Shadowproof

Looks like I gave Doug Schoen in criticizing him about his poll of Occupy Wall Street. His MO was to marginalize the protest movement in familiar terms, as a “radical” left-wing group supporting some amalgam of godless communism and hippie free love-ism for America. All of the actual policies that his poll showed that Occupy Wall Street supported have widespread support in the country, so I thought something was amiss. Turns out I didn’t know .Left to my own devices to account for the raw responses to the survey (which Schoen was kind enough to send to me), I’d say the opinions of the...

shadowproof.com
David Dayen
Oct 18
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Republicans Cannot Handle Decent Jobs Reports - Shadowproof

Republicans Cannot Handle Decent Jobs Reports - Shadowproof

Santorum, Gingrich & Romney (photo: photobunny)Look, there are plenty of ways to downplay , if that’s your goal. It’s a modestly good report, but there’s plenty to concern yourself with in the numbers, as points out. We’re still well off from getting back to a normal unemployment rate, the quality of jobs being added fall too much in low-paying service sectors and the labor force participation rate is well below pre-recession trends, which hides much of the unemployment rate by “disappearing” able-bodied workers. Not to mention the 5.6 million Americans officially out of work for more than...

shadowproof.com
David Dayen
Jan 6
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
UNESCO Approves Palestine for Full Membership - Shadowproof

UNESCO Approves Palestine for Full Membership - Shadowproof

UNESCO, the United Nations’ cultural and educational agency, on the Palestinian state today, which could trigger a pullback of funding by the United States:The US had threatened to withhold roughly $80m (£50m) in annual funding to the United Nations Educational, Scientific and Cultural Organisation (Unesco) if it approved Palestinian membership. The United States provides about 22% of Unesco’s funding.Huge cheers went up in Unesco after delegates approved the membership by 107 votes to 14 with 52 abstentions. Eighty-one votes were needed for approval in a hall with 173 Unesco member...

shadowproof.com
David Dayen
Oct 31
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Short Sales Continue to Dominate Consumer Relief in Foreclosure Fraud Settlement - Shadowproof

Short Sales Continue to Dominate Consumer Relief in Foreclosure Fraud Settlement - Shadowproof

The second report from the Office of Mortgage Settlement Oversight , and it shows a continuation of one trend, tempered by the first batch of consumer relief in the form of actual principal reductions.The settlement monitor, Joseph Smith, continues the troubling tactic of identifying gross consumer relief as if that number is meaningful vis-a-vis the settlement. He makes the distinction in the beginning of the report, but I assume many reporters will gloss over it:As was the case with my prior report, the consumer relief activities discussed in this report represent gross dollars that have...

shadowproof.com
David Dayen
Nov 19
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
The Selling of the World: Privatization Schemes Proliferate - Shadowproof

The Selling of the World: Privatization Schemes Proliferate - Shadowproof

Selling the family silver (photo: Jenica26)One of the more revealing elements of the Greek bailout discussions is not that the IMF and European finance ministers want another round of austerity from Greece before providing funding, and not even that or engage in restructuring to accommodate the Greeks. It’s that other element – privatization of state assets – that is the tell here. This is the real extraction from the Greeks, the real shock doctrine scheme at work here. Greece essentially must – their ports, their state-run water supply systems, their utility company, their telephone...

shadowproof.com
David Dayen
Jun 26
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Two Libyan Colonels Defect After Refusing to Bomb Protesters - Shadowproof

Two Libyan Colonels Defect After Refusing to Bomb Protesters - Shadowproof

An incredible story from Libya: two senior military colonels were given the order while in their jets above Benghazi, the country’s second-largest city, to fire on protesters. There have been reports of in Tripoli today. These two colonels not only refused the order to attack, they bugged out and flew to the Mediterranean island of Malta, where they defected.These colonels may or may not be the exception, just two members of the military refusing orders among many. The reports show live firing on protesters moving toward the Moammar Gadhafi compound in Tripoli, for example. But Gadhafi may...

shadowproof.com
David Dayen
Feb 21
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
BofA Begins "Pay Settlement With Other People's Money" Scheme - Shadowproof

BofA Begins "Pay Settlement With Other People's Money" Scheme - Shadowproof

Bank of America says they have to their borrowers about principal reduction opportunities under the foreclosure fraud settlement. You may recall that BofA on the settlement that would allow them to extinguish an additional $850 million of the cash penalties by reducing loan balances more deeply than called for in the settlement. At the time it was announced, the thinking was that BofA could avoid that $850 million by reducing balances on loans it didn’t actually own.The expanded program could allow Bank of America to avoid paying $350 million in penalties tied to the foreclosure settlement...

shadowproof.com
David Dayen
May 8
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
S&P's History of Relentless Political Advocacy - Shadowproof

S&P's History of Relentless Political Advocacy - Shadowproof

I was tied up with other matters this weekend, so couldn’t offer a take on S&P’s . Jane has done here. But I wanted to make a few points.First of all, if the rating agency’s entire argument was that the political system showed itself to be “less stable, less effective, and less predictable” during the debt limit debate, and that this failure of policymaking and institutional capability increases the chances of default, I don’t have much to argue about that. But, there’s a policy response for that. S&P could do exactly what Moody’s did and call for the debt limit to be extinguished, on the...

shadowproof.com
David Dayen
Aug 8
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Activists, Courtrooms Still Have Major Role in Foreclosure Fraud Fight - Shadowproof

Activists, Courtrooms Still Have Major Role in Foreclosure Fraud Fight - Shadowproof

That’s Sheriff Tom Dart, explaining exactly why he won’t enforce foreclosure evictions from dicey actions by the banks. He says “This is not the lotto… this isn’t something where we’re rolling the dice and saying, possibly this has been done legally. Maybe it hasn’t but in the meantime, you and your children go find someplace else to live, plenty of homeless shelters out there. We can’t do that.”Sheriff Dart is among the growing coalition of activists, politicians, defense lawyers and simply those interested in justice who have latched onto this scandal and will never let go. The Washington...

shadowproof.com
David Dayen
Oct 21
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Warner-Chambliss: The New Catfood - Shadowproof

Warner-Chambliss: The New Catfood - Shadowproof

Senators Mark Warner and Saxby Chambliss have re-animated the Catfood Commission, and plan to based on its recommendations in the next Congress.Two senators pledged on Monday to offer bipartisan legislation next year that reflected proposals to slash the federal budget deficit submitted this month by a presidential commission.“Taking the commission’s report … we’ll be introducing that as legislation, a legislative vehicle, next year, recognizing in the process that a lot of that would be subject to change,” Democratic Senator Mark Warner said.He was joined on a conference call with...

shadowproof.com
David Dayen
Dec 21
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
CFPB Gets Plurality of Complaints About Mortgages - Shadowproof

CFPB Gets Plurality of Complaints About Mortgages - Shadowproof

The Consumer Financial Protection Bureau has a hotline for complaints, as well as a process to lodge complaints at their website. They have begun to release those complaint reports, protecting the identity of the consumer but providing an understanding of where the trouble in the financial system lies with respect to those consumers. Here’s a giant surprise: .CFPB data shows the bureau received 55,300 consumer complaints from July 21, 2011, through June 30.Of those complaints, 43% involved mortgage issues. Credit cards ranked second in terms of complaint volume, representing 34% of all...

shadowproof.com
David Dayen
Jul 30
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
9th Circuit Asks CA Supreme Court to Rule on Standing in Prop 8 Case - Shadowproof

9th Circuit Asks CA Supreme Court to Rule on Standing in Prop 8 Case - Shadowproof

The 9th Circuit Court of Appeals partially rejected standing for one set of opponents of gay marriage in the Prop 8 case, and remanded the question of standing for another set over to the California Supreme Court.Two separate groups sought to appeal the ruling from US District Court Judge Vaughn Walker, who determined in Perry v. Schwarzenegger that Prop 8, the ballot measure banning gay marriage in the state, is unconstitutional. The defendants in the case, the state of California, agreed with Walker’s ruling and chose not to appeal it. Both Imperial County, California and the group of...

shadowproof.com
David Dayen
Jan 4
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Senate Closes In on Final Passage of Reconciliation Bill - No Amendments Pass - Shadowproof

Senate Closes In on Final Passage of Reconciliation Bill - No Amendments Pass - Shadowproof

The Senate has voted on the last of the many amendments to the reconciliation bill, none of which have passed. Kent Conrad spoke about the two technical changes to the bill cited by the Senate parliamentarian, and the presiding officer (in a surprise appearance, Vice President Joe Biden) confirmed that there would be no further points of order risen.So, the reconciliation bill will get a final vote in moments, and it is highly likely to pass with 57 votes, including all Senate Democrats except for Ben Nelson and Blanche Lincoln. Democrats offered no perfecting amendments to the majority...

shadowproof.com
David Dayen
Mar 25
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Rep. Cummings Asks True the Vote for Documents About Voter Registration Challenges - Shadowproof

Rep. Cummings Asks True the Vote for Documents About Voter Registration Challenges - Shadowproof

Rep. Elijah Cummings (D-MD)I’ve written previously about the Texas-based Tea Party group “True the Vote” in swing states. Some state laws allow any individual to challenge another’s voting status, and this has been put to use by True the Vote’s spinoff organizations in Ohio and at least three other states, to a disproportionate degree against minorities, students and other traditional Democratic constituencies. True the Vote claims they are merely trying to clean up voter rolls and prevent voter fraud.Now one member of Congress has decided to investigate this. Elijah Cummings (D-MD),...

shadowproof.com
David Dayen
Oct 5
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
The Roundup - Shadowproof

The Roundup - Shadowproof

Programming note: I’ll be out of town tomorrow on a super-secret trip plotting to control the banking sector and the media, so expect light posting, at least early in the day. I may drop some things in later tonight to run tomorrow if I have time. Also, the weekend’s probably going to be pretty light as well. So this will have to tide you over:• With Middle East peace talks , Hillary Clinton and Israeli PM Benjamin Netanyahu today to try and salvage a path forward. Alon Pinkas, the former Israeli consul general in New York, has a in Politico on this today, hammering Netanyahu for his...

shadowproof.com
David Dayen
Nov 11
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Donovan Acknowledges Banks Gaming HARP 2.0 to Increase Profits - Shadowproof

Donovan Acknowledges Banks Gaming HARP 2.0 to Increase Profits - Shadowproof

The President today is in Reno, Nevada, and he’s going to on HARP 2.0.President Obama will announce new figures Friday showing a dramatic spike in the number of Americans taking advantage of federal programs designed to help struggling homeowners and stabilize the lagging housing industry, administration officials said Thursday.The numbers, officials said, demonstrate the success of programs Obama has implemented to let more homeowners refinance their homes at a time of historically low interest rates. And they demonstrate the need, they said, for Congress to take still more action to give...

shadowproof.com
David Dayen
May 11
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
The Story of the Election - Woman Sells Note from Obama to Pay Mortgage, Medical Bills - Shadowproof

The Story of the Election - Woman Sells Note from Obama to Pay Mortgage, Medical Bills - Shadowproof

I’m sure there are a lot of pieces out there today with the theme of “the story of this election.” And surely they include Christine O’Donnell saying she’s not a witch, or some Tea Party rally, or maybe Alvin Greene or The Rent is Too Damn High Party or some other such comic relief.I know that politics has become entertainment to a lot of people, and that’s fine. But just to be clear, .In January of this year, Obama read a letter from Jennifer Cline, a 28 year-old woman living in Monroe, Michigan. Cline informed Obama that she and her husband had both lost their jobs in 2007 and fallen on...

shadowproof.com
David Dayen
Nov 2
Worthy
Share
Save
Give Tip
Review
gold-cheese82%
Schneiderman Has Little "Independence" on Working Group Investigation - Shadowproof

Schneiderman Has Little "Independence" on Working Group Investigation - Shadowproof

NY AG Eric SchneidermanNew York Attorney General Eric Schneiderman has hired to work on the series of investigations around the RMBS working group he co-chairs. The interesting part of this to me is that Schneiderman did the hiring, rather than the Department of Justice.Virginia Chavez Romano, a former assistant U.S. attorney in New York, will help Schneiderman as he coordinates with a federal task force on the mortgage meltdown, Schneiderman spokesman James Freedland said on Monday.The Obama administration formed the task force in January to probe fraud and abuse in the mortgage-backed...

shadowproof.com
David Dayen
Jun 5
Worthy
Share
Save
Give Tip
Review
OUTLETS
newrepublic.com

newrepublic.com

CRITIC
N/A
No Rating
USER
N/A
No Rating
glidanimre.tk

glidanimre.tk

CRITIC
N/A
No Rating
USER
N/A
No Rating
shadowproof.com

shadowproof.com

CRITIC
img-trusted
100%
USER
img-trusted
82%
prospect.org

prospect.org

CRITIC
N/A
No Rating
USER
N/A
No Rating
nothersaten.cf

nothersaten.cf

CRITIC
N/A
No Rating
USER
N/A
No Rating