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Here’s another example of why the big banks never wanted Elizabeth Warren (D-MA) on the Senate Banking Committee.

In a hearing Thursday, Warren questioned Mr. Daniel P. Stipano, Deputy Chief Counsel for the U.S. Comptroller, and Richard Ashton, Deputy General Counsel of the Federal Reserve, why they’ve made a decision to protect the big banks but not to alert the families who have been the victims of illegal foreclosures.

The senator and Congressman Elijah E. Cummings (D-NY) have been attempting to get details about the number and types of illegal foreclosures investigators have discovered since the financial crisis, with little help from the offices of the comptroller or the Fed. And in this hearing, the two departments’ lead counsels were even less forthcoming, only saying that they hadn’t yet made a decision about when or if families would be notified.

This week, MSNBC’s All In with Chris Hayes took a look at illegal foreclosures and the ridiculously small compensation most homeowners received after being removed from their homes unjustly by the nation’s largest financial institutions.

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Tucker Carlson

Photo by Gage Skidmore/ CC BY-SA 2.0

Reprinted with permission from Alternet

Fox News got to claim victory on Thursday after a new ruling in a lawsuit brought against the company came out in its favor, but the win arrived at a steep cost. To deflect an allegation of defamation, the network was forced to claim that one of its highest-profile personalities can't reasonably be expected to consistently provide accurate information to viewers.

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