Monthly Archives: July 2010

Chris Hayes, guest hosting the Rachel Maddow Show, covers the failure of HAMP.

Fantastic job and much appreciated thanks to Chris Hayes and the Rachel Maddow Show team for covering the failure of the HAMP program. He opens with MSNBC news clips from 2007 talking about the foreclosure crisis that was coming, and … Continue reading

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The latest dialogue on interchange.

Cause you love it: more on interchange fees. Lots of people talking about interchange fees recently: Matt Yglesias: Once you keep in mind the fact that the median household income in 2008 was slightly above $52,000 it’s not at all … Continue reading

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Elizabeth Warren Freak Out, 2: Other things.

Four other complaints I have seen: Number 3. Here’s the best smackdown I’ve seen on my piece against McArdle’s piece from a corporate law professor: Megan McArdle offered up a long blog post criticizing Elizabeth Warren‘s scholarship. This prompted liberal economics … Continue reading

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Elizabeth Warren Freak Out, 1: So-called “Ideologue”

Joe Weisenthal asks the question: “What Is It About Elizabeth Warren That Makes People Freak Out?” We made sure to get Elizabeth Warren to write and present the chapter on consumer finance for our Make Markets Be Markets conference we … Continue reading

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Ross Douthat on Poor Whites and Access to Higher Education

Ross Douthat wrote The Roots of White Anxiety a little while ago about poor whites’ access to elite education. You should read it all: But cultural biases seem to be at work as well. Nieli highlights one of the study’s … Continue reading

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On FICO Scores, Job Hunting and Aggregate Demand

Late to a couple of discussions. One is this slacktivist on HR using people’s credit scores as a filter on their jobs: Some 14.6 million Americans are out of work. Nearly 7 million of those are long-term unemployed — people … Continue reading

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Netroots Nation ’10 Forgotten Foreclosure Crisis Panel

Here is the full video for the Forgotten Foreclosure Crisis Panel at Netroots Nation ’10 featuring Ryan Grim, David Dayen, Senator Jeff Merkley (D-OR) and Elizabeth Warren. It was a really good panel. I have to admit I got choked … Continue reading

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The Boston Fed on Regressive Transfers in Interchange Fees

(h/t modeled behavior) A new report out from the Boston Fed: “Who Gains and Who Loses from Credit Card Payments? Theory and Calibrations.” Abstract: Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card … Continue reading

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Megan McArdle’s Hack Post on Elizabeth Warren’s Scholarship

So Megan McArdle wrote a long post attacking Elizabeth Warren as a scholar. What’s surprising is how little “there-there” there is to her critique. I would love to see nomination hearings based around how expansive of a definition to use … Continue reading

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How The Federal Reserve’s Failed Consumer Protection Alone Makes Elizabeth Warren The Only Choice for the CFPB

Back in March, Mary Kane of the Washington Independent made a great catch. She wrote about the Consumer Advisory Council (CAC), the consumer protection group at the Federal Reserve. Mary on the agency: “Some members also say the CAC is … Continue reading

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