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Going Abroad With Dodd-Frank

David Dayen The American Prospect
The hope reformers once had that risky trades made overseas by American banks might be regulated were crushed on Friday. Democrats cozy with Wall Street are just fine with that.

New Bank of America Whistle-Blower Emerges: More Customer Abuse Secrets

David Dayen Salon
According to reports from a new Bank of America whistle-blower, BoA is seeking to avoid providing required payments to homeowners to compensate for an initial round of illegal practices by selling off the servicing rights to fly-by-night organizations that specialize in abusing customers.

The Real Irs Scandal: Targeting By Class

David Dayen Salon
For all the talk of scandal regarding the IRS targeting groups named “Tea Party” or “Patriot,” it’s not hard to draw an additional lesson from the facts of the case — a pattern that follows the well-worn model of the modern political age: Benefits flow to the rich and the well-connected, with pain for the rest.