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Head in the Sand: 4 Big Mortgage Backers Swim in Ocean of Debt

16 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage / By

 Editor’s Note: Nobody wants to hear it. The housing market is dragging the government and the economic future of this country down the drain. For decades the FDIC has followed a model of dismantling failed banks by letting healthy banks take over the assets. Despite the calls from Sheila Bair at FDIC, we are clearly …

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GRETCHEN MORGENSON Takes the Lead in Media Coverage of Mortgage Meltdown in NY Times

15 Comments / bubble, CDO, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage / By

NOW AVAILABLE ON KINDLE/AMAZON Gretchen Gets It. The entire article is worth reading and even studying. If you get what she is saying, you can understand just how false this Waltz has been. “The very design of the federal assistance to A.I.G. was that tens of billions of dollars of government money was funneled inexorably …

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