Fights over tribal payday lenders show challenges of financial reform

By Michael Hudson and David Heath

High-interest payday lenders are teaming up with Native Americans to shield their online businesses from lawsuits and consumer-lending regul

Excerpts from this story referencing "author":

"… order to the chaos. Experts say the new bureau will likely have rulemaking authority over tribal payday lenders. But it’s also likely that any effort by t …"

"… precedent. Court decisions have decreed that state governments have little authority over tribes.State authorities first became aware of the tribal lending …"

"… ave decreed that state governments have little authority over tribes.State authorities first became aware of the tribal lending model after they began inves …"

"… etween the lenders and the tribes are marriages of convenience. California authorities have called the affiliations a “sham.”Colorado authorities conten …"

As IRS crusades against Americans hiding money offshore, Latin American tax cheats flock to U.S. banks

By Michael Hudson

U.S. and its banks called "biggest tax haven" in world

Excerpts from this story referencing "author":

"… an or Great Britain.”Jack Blum, a former U.S. Senate investigator and an authority on offshore tax shelters, says U.S. bankers “sell tax evasion to citi …"

"… ent of Commerce study reported. Much of the money isn’t disclosed to tax authorities in their home countries, according to Blum and other critics of U.S. …"

"… ing to James S. Henry, a former chief economist for McKinsey & Co. and author of books and papers on offshore money.By the mid-1980s, Henry says, his re …"

"… mpanies and “concealing vast sums of flight capital from Third World tax authorities” while lobbying Congress to maintain “near-Swiss secrecy” for f …"

FactWatch: Fannie and Freddie were followers, not leaders, in mortgage frenzy

By Michael Hudson

Republicans insist that Fannie Mae and Freddie Mac "were the main cause of the nation's current financial turmoil” but a look at the data sh

Excerpts from this story referencing "author":

"… just absurd,” says Guy Cecala, publisher of Inside Mortgage Finance, an authoritative trade publication. “Fannie and Freddie have always had the tighte …"

"… .Michael Hudson is a staff writer with the Center for Public Integrity and author of The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fl …"

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Book Review: A rising tide of white-collar lies

By Michael Hudson

New book examines dissembling by Bernie Madoff, Martha Stewart, Barry Bonds

Excerpts from this story referencing "author":

"… told the lies would be.While street criminals have always tried to mislead authorities about their activities, Stewart says that prosecutors told him that …"

"… gal system and undermine the prosecution of white-collar crime.”Stewart, author of Den of Thieves and other books about politics and business, believes th …"

JIEDDO: The Manhattan Project that bombed

By Peter Cary and Nancy Youssef

The Pentagon’s main effort to counter improvised explosive devices has spent $17 billion, but the results have been disappointing by almost

Excerpts from this story referencing "author":

"… lege, a defense school for combined forces and multi-national warfighting, authored a skeptical paper: “Joint Improvised Explosive Device Defeat Organizat …"

"… eed, year after year, Congress handed JIEDDO what it said it needed — it authorized $3 to $4 billion most years, including $3.466 billion in December for …"

"… 466 billion in December for fiscal year 2011. Over six years, Congress had authorized $20.8 billion for JIEDDO to spend. Because spending lags behind author …"

"… authorized $20.8 billion for JIEDDO to spend. Because spending lags behind authorization of funds, and because Congress has stalled in appropriating the fed …"

Back to school for the billionaires

By Rita Beamish

Business titans find reforming schools much harder than just writing checks

Excerpts from this story referencing "author":

"… e that wasn't as comprehensive as it should have been," says James Kemple, author of a study just published by Harvard Education Press that cites real gains …"

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Analysis — Insurers lobbying on the fine print may erase consumer protections

By Wendell Potter

One of the provisions of the health reform law that insurers hate most requires that they spend at least 80 percent of what we pay them in p

Excerpts from this story referencing "author":

"… News analyst Wendell Potter, a former insurance company executive, is the author of Deadly Spin: An Insurance Company Insider Speaks Out on How Corporate P …"

Analysis — A Canadian-style single-payer health system in Vermont?

By Wendell Potter

A new governor in Vermont is boldly declaring his intent to look at a Canadian-style single-payer health care system....

Excerpts from this story referencing "author":

"… News analyst Wendell Potter, a former insurance company executive, is the author of Deadly Spin: An Insurance Company Insider Speaks Out on How Corporate P …"

Analysis — Insurers’ ‘friends’ will influence public option debate in Conn.

By Wendell Potter

Health insurers in Connecticut will call on some of their longtime allies to help turn the public and state lawmakers against the idea of cr

Excerpts from this story referencing "author":

"… nsize government. SustiNet is going to create a whole new quasi-government authority at exactly the time we’re trying to move away from that. I have n …"

"… News analysts Wendell Potter, a former insurance company executive, is the author of Deadly Spin: An Insurance Company Insider Speaks Out on How Corporate P …"

Analysis — Fear and loathing over a public insurance option in Hartford

By Wendell Potter

Will a "public option" have a better chance in Hartford than in Washington? Not if the insurance companies have anything to say about it. ..

Excerpts from this story referencing "author":

"… News analyst Wendell Potter, a former insurance company executive, is the author of Deadly Spin: An Insurance Company Insider Speaks Out on How Corporate P …"

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