Krugman's most recent column attacked Obama's argument that it was necessary to go easy on the banks in order to save the economy. Among other things, Obama has pushed states' attorneys general not to investigate evidence of foreclosure fraud, but instead to settle with big banks for a couple billion dollars and a promise they'll stop. Obama seems to be concerned that a thorough investigation of major mortgage lenders' unethical foreclosure policies—Bank of America and others allegedly evict people from homes without bothering to check whether they've actually defaulted on their mortgages!—will upset the banks and make them less likely to give loans to would-be homeowners. But, Krugman points out, ignoring the problem will just lead to more foreclosures, which will depress housing prices—in addition to ruining countless lives.
http://www.nationalmemo.com/article/obama-too-cozy-banks-say-paul-krugmanand-john-mccain