Posts Tagged ‘banks insolvent’

Ice, Ice Baby – Iceland’s people give cold shoulder to paying for acts of reckless bankers.

Written on 21 Feb, 2011 at 8:21

Now, the British and Dutch governments want their money back, but Iceland's people are saying, well... no, not to put too fine a point on it. You might even say that the Icelanders are saying: "Hell no!" ... (Continue reading)

Foreclosures Poised to Take Down the U.S. Banking System… and even entire economy, says Whalen. (Ya’ think?)

Written on 21 Dec, 2010 at 7:32

"Laurie Goodman of Amherst Securities predicts that 1 in 5 mortgages could go into foreclosure without radical action." Now just a minute here... you're not saying that one out of five people with mortgages are "irresponsible sub-prime borrowers who never... (Continue reading)

Tagged with: bank of america banks insolvent Chris Whalen CNBC core logic diana olick economy Fannie Mae FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke FHFA firedog lake foreclosure crisis Freddie Mac G20 HAMP Hank Paulson Hope-4-Homeowners Institutional Risk Analytics john Taylor Laurie Goodman of Amherst Securities mandelman mandelman matters martin andelman max gardner ml-implode NACA National Community Reinvestment Coalition O. Max Gardner III obama administration Obama's Making Home Affordable Plan recession REST Report Sen. Ted Kaufman shame the banks Small Business Lending Support stress tests sub-prime borrowers TARP Treasury Secretary Timothy Geithner U.S. banking industry wall street bonuses will the circle be unbroken

Watch Which Words You Use With Republicans – They Could Take Their Toys and Go Home

Written on 18 Dec, 2010 at 7:52

The Republican's version of the report is said to be a whopping 13 pages long, and is expected to place the blame for the crisis squarely on the shoulders of poor people who wanted to buy houses, and how some... (Continue reading)

Tagged with: banking lobby banks insolvent bill thomas Brooksley E. Born CRA deregulation derivatives Douglas Holtz-Eakin Fannie Mae FDIC FDIC Chair Sheila Bair federal reserve Federal Reserve Chairman Ben Bernanke ferdinand pecora financial crisis Financial Crisis Inquiry Commission FINANCIAL REFORMS foreclosure crisis Freddie Mac housing bubble Huffington Post interconnection Keith Hennessey loan modification mandelman matters naked capitalism Pecora Commission Peter J. Wallison republicans ban words REST Report shadow banking Shahien Nasiripour Treasury Secretary Timothy Geithner wall street Yves Smith