January 10, 2010

Alternate View: Commercial Loans Sold to Home Owners

The signature comes from people who  justifiably relied upon hundreds of years of banking tradition that identified lenders as risk averse. Unknown to the homeowner is that these parties were not risk averse. They were risk indifferent because the capital to fund the loan came from the other side of the securitization chain from institutional …

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The Other Plot to Wreck America

“Americans must be told the full story of how Wall Street gamed and inflated the housing bubble, made out like bandits, and then left millions of households in ruin. Without that reckoning, there will be no public clamor for serious reform of a financial system that was as cunningly breached as airline security at the …

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