Greetings, firebaggers, here’s what I’ve got for you! Oops, sorry for the slip, I just took a job with the New Mexico Organizing for America team.
• Will the US Supreme Court take a case on MERS’ standing to foreclose? I really don’t want them involved, in my perspective, and cannot really see how they would get involved in what is a state issue. Incidentally, this case came to SCOTUS from a homeowner’s attorney who lost his case with the state Appellate District Court in California. The state Supreme Court declined to take the case.
• Matt Taibbi has a bombshell story about the SEC engaging in a willful coverup of Wall Street crimes by destroying the preliminary evidence. I actually saw Harry Markopolos, the Bernie Madoff whistleblower, tell Bill Maher that it’s a new day at the SEC and that they’re starting to take these crimes seriously. FWIW.
• The dog that didn’t bark: Medicare spending slows after the passage of the Affordable Care Act, according to one report. Does this show that government-run health care saves money? Actually, Zeke Emanuel (not an unbiased source) says this is part of the ACA kicking in.
• Alan Blinder doesn’t think much of the Federal Reserve’s recent actions.
• The New York Times does their bit on Latino protests of Secure Communities. They get some quotes from Administration officials defending the program, none of which wrestle with the problem of non-criminals reporting crimes and getting caught up in the deportation net. There’s another task force hearing today in Chicago: I’d expect the same reaction from the Latino community.
• Forget Texas, I want to know about the farm state miracle, with significantly lower unemployment rates than the rest of the nation. A lot of it is due to public investment through biofuels and our successful agriculture industry.





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