Archives by Tag ' bailout '
Happy New Year! We have much to talk about this year as we push forward. By all accounts, the economy, the dollar, the foreclosures, the job situation etc are all getting worse by the minute. Even if Obama is a magician it will be 2 years before there is a glimmer of hope. The homeowner […]
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Submitted on 2008/12/14 at 7:46pm Community leaders in Pacoima and other northeast San Fernando Valley areas have organized more than 500 Latino immigrant families to negotiate with banks as a group rather than individually. By Jessica Garrison L. A. Times December 8, 2008 Shortly after Father John Lasseigne took over last summer as head of […]
securities consultant says Merrill Lynch knew or should have known the securities they brought to market where overrated (From her website: “She wrote the first letter the SEC posted in February 2007 in response to its proposed rules for the credit rating agencies; she made the case that the NRSRO designation for the rating agencies […]
While my editorial opinion has been fairly obvious in these articles, I feel the need to express them directly. The fundamental truth that is missed in the media and those in government and finance close to the microphones is that this did not start with the borrowers — it started with the investors who bought […]
They might have meant to do it and they might not have thought of it, but the effect of the funding created by The Federal Reserve that bailed out the investment banks so that the investment banks could bail out the investors in ABS certificates, is that the mortgages and notes are satisfied twice over […]
Well, there is matter of ethics here but the claims of fraud are far from accurate and the complaints come from the perpetrators of a geater fraud. So for what it’s worth, here is a strategy that seems to be working for some people: Some Buy a New Home to Bail on the Old Fannie […]
Insider Joins Critics of the Fed, Faulting Credit-Crisis Programs Richmond’s Lacker Amplifies Volcker; Moral Hazard Fears By GREG IP June 6, 2008; Page A3 In a striking insider’s critique, a Federal Reserve policy maker said lending programs the central bank has created to combat the credit crisis distort private markets, encourage risky behavior and could endanger […]
You can argue all you want on paper with equations and philosophical arguments, but a simple human fact remains true — if people do not feel any moral sense of accountability they will not act in accordance with a reasonable standard of good character. Without character the entire society, and of course the economy, goes […]
McCain’s Folly The solution to the liquidity crisis continues to be a political agreement between government, business, borrowers and investors in which the obvious factors are directly addressed — overvaluation of home values, overvaluation of creditworthiness, and overvaluation of CMOs. Any plan which does not address those factors will merely be an attempt to sweep […]


