The Foreclosure Fraud Crisis
Last week, Rortybomb posted a nice explanation of of the foreclosure fraud crisis and why it is a systematic problem, not one of a few “bad apples.” The graphic below nicely shows the relationships.
Policy Points
Improving Community College Graduation Rates
A recent segment on the PBS NewsHour discussed the need to improve graduation rates at the nation’s roughly 1,200 two-year colleges.
Around The Dial – Oct. 11
Economic policy reports, blog postings, and media stories of interest:
- Naked Capitalism explains “bank disinformation.”
- Paul Krugman debunks the myth of big spending.
- Fed Watch ponders the end of “Bretton Woods II.”
- Beat the Press notes the record low in black teen employment.
State Budget Woes
The Center on Budget and Policy Priorities has updated its state budget shortfall projections for fiscal years 2011 and 2012. The center currently estimates that total state budget shortfalls for fiscal year 2012 will total some $140 billion.
Additionally, as the graph below shows, state revenues remain far below pre-recession levels.
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