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05.21.2009 9:00 pm

The era of cheap plastic ends

It is a mark how of how thoroughly the American banking industry still controls Congress that when the credit card reform bill sailed through this week, it was absent the most fundamental reform of all: a cap on interest rates.

Oh,…

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04.26.2009 9:00 pm

Cram down to help struggling homeowners

Sen. Dick Durbin’s much-discussed (and much-cussed) mortgage “cram down” legislation may come to a vote in the U.S. Senate this week, possibly as early as tomorrow. It deserves to pass. Thanks to the stranglehold that the banking industry has on Republican…

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