http://www.standard.net/Business/2016/09/15/The-reason-the-Lehman-moment-still-is-with-us Barry Ritholtz Sept. 15 is the eighth anniversary of the Lehman Brothers bankruptcy. Not enough time has passed yet for me to recall those anxious days without getting angry. Sen. Elizabeth Warren, D-Massachusetts, has used the occasion of this anniversary to suggest the next administration should “investigate and jail” those Wall Street bankers who …
“The truth is that they stopped the review process and “Settled” because the regulators were under a mandate to protect the banks. They were finding far too many wrongful and illegal foreclosures. The investigator testified that the small sampling they used was not random but rather designed to show how few foreclosures were illegal. But …
Will the Findings from the Brief "Foreclosure Review" Process Be Released? Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE BANKS ATTEMPTING TO RE-WRITE HISTORY EDITOR’S NOTE: What’s your pet peeve? Fannie Mae? Community Reinvestment Act? Too much regulation? Congress forced lenders to make bad loans? The 1944 Housing and Urban Development Memo? The Democratic National Party? The Republican National Party? Barney Frank? …
