If you watched MSNBC this week, you might have thought the government’s foreclosure settlement with the big banks was a victory for ordinary citizens. Oh, really? More here.
Resistance to foreclosures and evictions is having an effect, as a leaked memo from Bank of America indicates. More here.
Was coverage of the hurricane too intense? A better question is why don’t politicians and the media put the same amount of energy into covering the economic disaster still unfolding right under their noses?
Most people who buck the system are easily pressured to change course, but a few are more likely to get their back up and hold steady, at least until the pressure becomes unbearable. Gretchen Morgenson wrote today about one such stubborn fellow.