About Adam K Levin | Contact | Videos

Government


  • The S&P and the EU: Timing Is EverythingGovernment, Banking, Blog, Money

    Share

    In keeping with a tradition firmly established in the 20th century, Europe suffered a late-night bombing raid on Friday evening. This time the attacker was Standard & Poor’s, everybody’s favorite rating agency, which announced well after the markets closed in New York it was downgrading the debt of no fewer than nine European countries. France was dropped one notch and therefore lost its prized AAA rating, and Italy and Spain both dropped two notches. Portugal’s […]

  • Hey Romney, It’s an Inauguration, Not a CoronationGovernment, Politics, Blog

    Share

    Can’t you just feel the temperature rising? Feel the rush of adrenalin as the political gladiators enter the arena and begin to slash each other to pieces. Doesn’t it feel a bit like Spartacus, but with suits replacing loincloths? (Think blood-stained Starz Sparacus, not the more refined Kirk Douglas one.) The GOP presidential primary campaign is becoming more strident and colorful lately — especially as the debates are getting almost more TV airtime then reruns […]

  • Is Obama’s Cordray Appointment Unprecedented? Not By a LongshotFinancial Literacy, Government, Banking, Politics, Blog, Personal Finance

    Share

    President Obama “manned up” Wednesday, exercised his executive authority and announced the recess appointment of Richard Cordray as the Director of the Consumer Financial Protection Bureau—ending months of partisan bickering and obstructionism by 45 Republican Senators and their patrons in the financial services industry. I read the comments of GOP leaders in the House and Senate (which we all expected) and could only shake my head. I felt like I was reading the script of […]

  • Fannie, Freddie & Freud: Washington Needs a ShrinkGovernment, Mortgages, Politics, Blog

    Share

    As a citizen, a voter, and a consumer, what do you think this country needs? Less partisanship in Congress? Less Congress? Easier credit? Lower taxes? Higher taxes? There are about 307 million Americans and given the state of the American economy, perhaps there are as many answers to that question. Here’s what I say: I think we need a good shrink. I’m talking real, Freudian-style analysis, because, dear readers, we don’t seem to be paying […]

  • Killing America One Vote at a Time: Why the CFPB MattersGovernment, Politics, Blog

    Share

    The Honorable Richard Shelby, Mitch McConnell and — to quote Spiro Agnew — “those nattering nabobs of negativism” (by which I mean the 43 senators who always say “never”) — sure had their turkey shoot last week. The innocent bystander was Richard Cordray, the president’s nominee for Director of the Consumer Financial Protection Bureau. The targets were Barack Obama and the CFPB itself. However, when dinner is served, consumers throughout the land will come to […]

  • Memo to American Consumers: You Just Got Screwed… AgainGovernment, Mortgages, Blog, Personal Finance, Money

    Share

    The too-big-to-fail boys and their GOP handmaidens — the Hon. Richard Shelby, the Hon. Mitch McConnell and the other 43 legislative dwarves in the U.S. Senate — have struck again. Today, they blocked the confirmation of Richard Cordray as Director of the Consumer Financial Protection Bureau, which is the first federal regulator with the sole purpose of protecting regular people from the likes of financial scoundrels. Plain and simple — just like we experienced a […]

  • Debt Collector: I’m From the Government – As Far As You KnowGovernment, Consumer Protection, Blog, Money

    Share

    In a monumental act of hubris and deceit, an Erie, PA debt collection firm had employees pose as sheriff’s deputies and staged phony courtroom sessions where they bilked delinquent consumers out of their money. We’ve covered this story extensively (go here and here for more details). My take? Debt collection agencies are getting more brazen by the day. Consider these cases: A St. Louis woman says she received vulgar phone messages from a California debt […]

  • Tea Time for the OccupationGovernment, Politics, Blog

    Share

    Historically, America’s greatness as a country could be measured by the social mobility of its citizens. If you worked hard enough at a well-defined goal, you could get where you’re going, no matter who you were or from where you started. Case in point, the election of Barack Obama — but is it really true that anyone can make a billion, and/or become President these days? Increasingly, the United States is a place of less […]

  • Memo to Obama: Push for Jobs, Don’t Shove EmployersGovernment, Blog, Money

    Share

    The American Jobs Act provides yet another example of President Obama potentially snatching defeat from the jaws of victory. It proposes a punitive response to a problem that now plagues the country — employers are hesitant to hire the long-term unemployed. The missed opportunity is still there to be had: How about providing incentives? At issue is the Job Act’s proposal to make it “an unlawful employment practice” to refuse employment “because of the individual’s […]

  • How to Fix the Foreclosure Crisis: A Real BailoutGovernment, Mortgages, Blog, Personal Finance

    Share

    We need a real bailout, because the last one relied on a bad theory — namely: horse-and-sparrow “trickle-down” economics. Why do we need a real bailout? The first one was a corporate give-away. And it seems now like the only thing that trickled down from the interventions of 2008-9 was further economic distress, which is now manifesting itself quite possibly as double-dip recession. Anyone born before 1975 remembers “trickle-down economics.” It’s a very simple idea […]

LOAD MORE ARTICLES