Sure, it has been an unusually warm winter for us in New England, but that's not why more than 150 activists took to the streets with snorkels and swimsuits today in the financial district. Sporting goggles, flippers and life preservers, … [Read more...]
On Bilking The Sophisticated, Or, Check It Out: We’re Suing Banks!
I took a break to enjoy the holiday, as I’m sure many of you did, but my inbox kept busy, and on Friday came a doozy, courtesy of the Washington Post. You remember that little bit of a banking crisis we had a couple of years back, where … [Read more...]
Government role in home ownership
Forced to listen to Diane Rehm show today on home ownership, Fannie, Freddie etc. The show was very boring but I thought some points could be related to our ongoing discussions about the middle class etc. … [Read more...]
Barney Frank helped Fannie and Freddie fail
An editorial piece in today's Wall Street Journal levels some blame for the Fannie Mae/Freddie Mac mess at Barney Frank for his resistance against meaningful reform. Despite progressives' belief that anything the WSJ writes if false, … [Read more...]
Freddie and Fannie were NOT bailed out – they were nationalized – isn’t that socialist?
Reuters: http://www.reuters.com/article... [no dividends] Housing Note: http://www.housingwire.com/200... This is no longer the worst housing crisis since the Great Depression, this is the worst housing crisis, … [Read more...]
Republican Lack of Energy Policy $4 Gas, Lack of Economic Policy Diasterous…..
This could add Billions even a trillion dollars to the deficit and what does it say about the full faith and credit of the United States? It just about confirms it is bankrupt. The sad part is there is no court to seek protection from our … [Read more...]
Fannie and Freddie
The winners, it seems to me, are: (1) The bondholders, including the foreign governments and investors who own $1.4 trillion in U.S. mortgage debt. I feel like a sucker for investing in treasury bonds rather than Fannie and Freddie bonds. I … [Read more...]