CreditSlips

I had to laugh at a comment made by Ken Doran in response to my post on credit score internet dating.  Ken claimed that while he agrees that people considering joining their lives should share financial information, he wouldn't give a rodent's backside about the future partner’s credit score. Thirty plus years as a consumer bankruptcy attorney has taught him that the reports often contain errors, a fact confirmed by a Federal Trade Commission study finding that 21 percent of reports do contained errors.

Felix Salmon has a depressing blog post about the Fab Tourre verdict and a criminal conviction in another Goldman Sachs-related case.  Felix concludes, "I’m increasingly coming to the conclusion that America’s system of jurisprudence simply isn’t up to the task of holding banks and bankers accountable for their actions." 

Congress and the President are making huge decisions about
the future of our biggest consumer credit markets – mortgages for homebuyers
and college loans for students. 
Unfortunately critical policy choices are being avoided, ignored, or
obfuscated.  I’ll comment on student
loans in this post, housing finance reform in a future post.

I know what I'm going to start with the next time I teach bankruptcy crimes....  

The indictment is here.