Robert Kuttner: Since its founding in 1973, ShoreBank had enabled thousands of Chicago's moderate income residents to become homeowners, and thousands of small businesses to get credit, without ever playing the subprime game or making a single predatory loan. It was a model bank that earned a modest profit by delivering on a social mission. In the end, ShoreBank succumbed to the aftermath of a financial crisis made on Wall Street. Yet while the Treasury Department found hundreds of billions of dollars to rescue giant Wall Street institutions, it refused to come up with the $75 million for which ShoreBank qualified under the TARP program. Click here to read more.
Religious faith is too important to become a political punching bag. One does not have to like or even respect Islam to believe its practitioners have the right to build a worship center wherever they wish.
There are several other countries with drone systems comparable or superior to Iran's, notably France, Italy, and South Africa. With labels like "The Ambassador of Death", however, Iran's does have the scariest name.
The next time someone asks you about the difference between the parties, just remind them that when Social Security turned 75, Democrats celebrated while Tea Party Republicans grabbed the ax.
Corporations that play fast and loose with one set of laws are likely to cut corners on others. Scarce inspection resources should be targeted at them rather than at the good eggs.
Like most consumers, I had always assumed that banks and customers are united in wanting to curtail bank fraud. Unfortunately, I have learned that in fact bank fraud is a big and profitable business -- for the banks themselves.
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