Sunday, Aug 14 | 9 pm eastern | 6 pm pacific | Virtually Speaking Sundays | “Our Media Not Theirs” | Joan McCarter and Cliff Schecter consider developments of the week, highlighting issues neglected or misrepresented on the Sunday morning broadcasts of traditional media. Joan is the highly regarded Senior Policy Editor and regular contributor to Daily Kos. Cliff is a campaign strategist, political commentator and principal at Libertas LLC, a full spectrum political and corporate communications company. | Listen live and later on BTR
God, I’d forgotten how piercing this song is. Ray Davies:
Aug. 12 (Bloomberg) — Bank of America Corp. Chief Executive Officer Brian T. Moynihan met Treasury Secretary Timothy F. Geithner to press for a settlement of probes tied to the industry’s shoddy foreclosure practices, said two people with direct knowledge of the event.
Moynihan, 51, also met Aug. 10 in Washington with Federal Reserve governor Daniel Tarullo, said the people, who declined to be identified because the discussions were private. A settlement among banks, state attorneys general and the Department of Justice would enable lenders to resolve delinquent loans and in turn allow the U.S. housing market to recover, Moynihan told the officials.
“In the states where foreclosure can take place you’re seeing the system unclog and move through,” Moynihan said during in an Aug. 10 conference call hosted by mutual fund manager Bruce Berkowitz. “That’s different than states where foreclosure is going through very slowly.”
The White House is filled with cynical fools — a very bad combination.