How can it begin to right itself when its entire banking/investment infrastructure and culture developed in a way that leaves…
Loan & Mortgage Fraud
When Ease becomes Disease
Good news folks, the minds of those who see us as consumers, rather than struggling Americans, have been eased. So…
Too Much Money and Power to End the Influence of Money and Power
The United States Congress—A Call to College Students There is little doubt in most people’s minds that the United States…
Liar’s Poker at the Federal Reserve–“Can’t anybody here play this game?”
That quote’s attributable to Casey Stengel, expressing his frustration over his team’s spectacular ineptitude. Spectacular ineptitude is exactly the phrase…
For Some Reason, Those Nit-Picky Foreign Banks Don’t Share Our Optimism–First the Swiss, Now the Germans
August 5, 2009 About Half Of U.S. Mortgages Seen Underwater By 2011 By REUTERS Filed at 3:48 p.m. ET NEW…
Fishing Trips in Toxic Waters
Mortgage Pioneer Accused Of Fraud Former Countrywide CEO Sued by SEC Over Risky Lending By Zachary A. Goldfarb Washington Post…
The Banks We’re Bailing Out Are Bailing Out
March 30, 2009 Banks Starting to Walk Away on Foreclosures By SUSAN SAULNY SOUTH BEND, Ind. — Mercy James thought…
Are We Too Distracted to Send Crooks to Jail?
The Next Hit: Quick Defaults More FHA-Backed Mortgages Go Bad Without a Single Payment By Dina ElBoghdady and Dan Keating…
Saving Homes Instead of Foolish Investors
The Trickle-Up Bailout By Jonathan G.S. Koppell and William N. Goetzmann Wednesday, October 1, 2008; A17 The theory underlying the…
First We Save–Then We Decide What It Is We Have Saved
Treasury to Rescue Fannie and Freddie Regulators Seek to Keep Firms’ Troubles From Setting Off Wave of Bank Failures By…