REPUBLICANS ARE JAZZED ABOUT the news from USA Today’s A4 that both Democratic presidential candidates “rely on close advisers who had oversight roles at financial institutions that went bust because of subprime loans. Clinton’s campaign manager, Maggie Williams, earned at least $175,000 serving from 2000-07 on the board of Long Island-based Delta Financial, which filed for bankruptcy last year after a history of high-cost loans to low-income borrowers, according to public records. Obama’s national finance chairwoman, Penny Pritzker, was chairwoman of the board of a Chicago-area bank in 1993 when it adopted a subprime business strategy that regulators say ultimately led it to collapse in 2001.
- David Cay Johnston at the JP Forum, Tuesday 4/15 April 14, 2014
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- Increasing the Minimum Wage Can Actually Create Jobs—If It’s Enforced February 13, 2014
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