There’s a huge buzz out there among homeowner activists who are feeling vindicated for the hard work they’ve done over the past couple of years and in many cases even longer. The recent news inundating the headlines of blatant fraud on the part of lenders and servicers has offered proof that their actions and fight have not been in vain.

Charles Ferguson has made a documentary that must be seen if you want to understand why the same people who let the housing bubble and the 2008 financial meltdown happen are still in charge. But if you can’t go out and see Inside Job right away (it opened in New York and Los Angeles Friday), read Ferguson’s article, “Larry Summers and the Subversion of Economics,” summarizing his case in the Chronicle of Higher Education.

A person facing foreclosure shouldn’t be threatened with taxpayer-funded lawsuits during one of the most difficult moments of his or her life.

What is most disturbing about the meeting with Treasury and the things that were said, or more accurately admitted, is that an argument could easily be made that this was an overt act by the administration to mislead and trick the American homeowner. That our government has been complicit in the bank’s ravaging of the bank accounts, retirement, and investments of nearly five million people.

While Ben Bernanke dreams of being the uber-regulator and chief monitor of systemic risk, a new agreement between the FDIC and other banking regulators like the Fed allows the FDIC to have independent direct access to big banks instead of making the FDIC to rely on his tame stable of regulators at the Fed.

Chalk one up for real oversight.

John McCain said during the campaign that he would stop wasteful spending in government by naming names and making people famous. Well, that’s a pretty good idea. So, we’ve adopted it (call us bipartisan). Except we’re going to apply it to the bankers who took our money.

Join us on Monday, June 7th at noon in front of the Treasury building to demand our $13 billion back from Goldman Sachs. First job is to get Geithner to recognize that he should have never given that particular money to that particular bank for that particular transaction. Or to come out and justify his actions. Let him step out, greet us and tell us why it was such a smart idea to pay off AIG’s side bets with Goldman.

a potpourri of news and thoughts

In one day, you can read how the powerful economic interests have defeated the public interest.

Today, Representative Ed Markey pushed this story back to the forefront with a Huffington Post piece. After setting the record straight on Romney’s falsehood and explaining the urgency of clean energy legislation, Markey finishes strong:

So the next time you hear Mitt Romney or other opponents of clean energy and climate legislation railing about the costs of action, you should multiply your suspicion by whatever number they are attempting to sell. Odds are, it is far from even-handed.

While this is a solid piece, and Representative Markey makes his case well, he barely mentions the other Republican politicians who have repeated this lie. I understand the value of pegging this on a potential 2012 Presidential candidate, but there are over a dozen current elected officials in the Republican party who have repeated this lie as well.

Since I last updated the count a few weeks ago, eight additional Republican politicians and party organizations have repeated the lie, bringing the total to 20.