Zach Carter

Zach Carter
Hometown: Washington, D.C.,
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Zach's Voice

  • Published And The Door Revolves . . . (Blog entry)
    December 9, 2010 - 2:24pm

    Sen. Tim Johnson, D-S.C., is almost certain to be chairman of the Senate Banking Committee next year, once current chair Chris Dodd, D-Conn., is out of office. Johnson has never had a good reputation with consumer advocates, in large part because he's opposed nearly every piece of legislation designed to thwart predatory lending.

  • Published Barney Frank and the Fed Bailout Fallacy (Blog entry)
    December 9, 2010 - 10:05am

    Mike Stark has posted a provocative on-the-street interview with Barney Frank about the recently released Fed data. Frank offers what is now a standard defense of the Fed's bailout operations: Without them, the economy would have collapsed, so critics should just quit whining.

  • Published Highway Robbery and the Progressive Future (Blog entry)
    December 8, 2010 - 9:27am

    Kevin Drum gives a pretty thorough analysis of President Obama’s open assault on the mainstream Democratic Party at yesterday’s press conference, and declares that “programmatic liberalism is dead.” I think that’s more than a little exaggerated, but regardless, it’s not a fair description o

  • Published A Tax Deal Fit For The Gilded Age (Blog entry)
    December 7, 2010 - 12:26pm

    President Barack Obama and Congressional Republicans are ready to mortgage the American economy to billionaires in exchange for a few months of unemployment benefits. This deal is easily the gravest economic outrage of the Obama presidency to date, and signals that other political assaults on the economy are ahead.

  • Published The Fed Lied About Wall Street (Blog entry)
    December 2, 2010 - 5:09pm

    The data from the Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who implement it. When Wall Street went off the rails in the fall of 2008, policymakers told the public we had a certain kind of problem, knowing all along that the actual nature of the problem was very different—and far more severe. This was a terribly destructive lie.

  • Published Fed Audit-- Liveblog on Data Dig (Blog entry)
    December 1, 2010 - 12:23pm

    Just starting to parse through the Fed audit data. Looks like the Primary Dealer Credit Facility is predominantly a bailout for Citigroup and Bank of America. More to come . . .

    UPDATE:

  • Published Yes Megan, Bankers Break The Law (Blog entry)
    December 1, 2010 - 9:44am

    I frequently disagree with Megan McArdle, but her WikiLeaks post yesterday on struck me as simply delusional. The basic argument: megabank financiers haven’t committed any crimes, because if they had, we’d already know about it. There’s a kind of efficient-market-hypothesis ring to this, and like the efficient-market-hypothesis, it has no basis in reality.

  • Published GAO: Bank Regulators Not Even Looking At Foreclosure Practices (Blog entry)
    November 30, 2010 - 3:13pm

    A rather nauseating statement from a Government Accountability Office report on foreclosures:

  • Published Will The Fed Withdraw Its Foreclosure Predator Bailout? (Blog entry)
    November 30, 2010 - 1:17pm

    Yesterday, The New York Times ran an editorial opposing a new Federal Reserve proposal to eliminate predatory lending penalties.

  • Published Ben Bernanke and Conservative Economic Sabotage (Blog entry)
    November 23, 2010 - 4:01pm

    The Republican Party's newfound political assault on Ben Bernanke is a grim reminder of the actual conservative economic agenda for the next two years. The midterm elections taught Republicans a destructive lesson: With Democrats in power, the worse the economy gets, the better Republicans do at the voting booth.