Newsroom

Learn More:
Wall Street

---

More by Tamara Draut

The New Frugality: No Passing Fad

New York Times Room for Debate | March 10, 2009

Live Blogging (Sort of) Hearing on Students and Credit Card Debt

Daily Kos | June 28, 2008

Need a Kidney? There's a Credit Card for That

AlterNet | June 11, 2008

---

Up to Our Eyeballs
How Shady Lenders and Failed Economic Policies are Drowning Americans in Debt

---

Strapped
Why America's 20- and 30-Somethings Can't Get Ahead

October 21, 2008

The Fix We're In: Tamara Draut on "The Deregulatory Impulse"

CW Unbound

By Tamara Draut

As our nation’s economic morass spreads throughout the globe, high-level multi-national summits are planned, and American banks are nationalized, it’s easy to forget that the crisis began with the pedaling of sub-prime mortgages. Fueled more by demand from Wall Street than by demand from homebuyers or homeowners, a vast army of unregulated mortgage brokers barreled through down-on-their-luck neighborhoods offering salvation via cash-out refinancing in the form of exploding adjustable rate mortgages.

Read Full Article