What we know is that nothing constructive is happening now, the usual ideological gridlock is preventing progress, and that the curiosity about a brilliant new face might just get the right people to the right table at the right time.   Bernanke is completely right that the ONLY way out of this mess is not throwing […]

Tags: Bernanke, Bush, Clinton, executive leadership, McCain, mortgage balance, Paulson
Posted in bubble, Eviction |

Paulson’s comments yesterday were inappropriate. He just doesn’t get it. He is arguing for hitting the iceberg and then let the deadly water take care of the problem. The ship is the American economy. And the waters are a legal system that assumes, all things being equal, that the process of foreclosure, eviction and losses […]

Tags: attorney general, bailout, congress, judicial system, mediation, Paulson, States
Posted in Corruption, Eviction, securities fraud |

Mortgage Meltdown: Get Out of Jail Free Card from Paulson In the usual way of floating trial balloons before committing to anything, and without the whole hearted support from any of the many entities and people who have a dog in this fight, Paulson is “outlining” the proposal for “subprime relief.” All information points to […]

Tags: consumer, debt, Krugman, meltdown, Mortgage, Paulson, subprime
Posted in Corruption, securities fraud |