Day August 6, 2008

Connecticut sues Countrywide

“Countrywide conned customers into loans that were clearly unaffordable and unsustainable, turning the American dream of homeownership into a nightmare,” said Richard Blumenthal, Connecticut’s attorney general, in a statement on Wednesday. He also called Countrywide “an insolvency enabler.” Connecticut Man1…

Obama dumps Muslim advisor

From Steve Clemons at Washington Note. Will anyone notice? Barack Obama’s team just threw its key Muslim advisor under the bus. Is this because, as Clemons points out, Obama has been giving speeches running to the right of Bush on…

California budget crisis could go past August

If so, then thousands of state employees will be paid $6.65 an hour rather than their regular pay. It doesn’t look good for a budget plan before then either, the Democratic Party is telling legislators to not spend the entire…

FreeCreditReport.com isn’t

Did you try Experian’s FreeCreditReport.com only to find out it wasn’t free after all? Lots of folks are complaining. The NY Times has more. “It’s what I call a protection racket; the companies are charging you a fee and they’re…