Home » Archives

Posts Tagged ‘cause of meltdown’

If You Think the Meltdown Was the Fault of Homeowners, Think Again…

Written on 25 May, 2011 at 18:46

If You Think the Meltdown Was the Fault of Homeowners, Think Again...

So... in "Pillage," Nomi Prins explains in terms anyone can understand that factoring in the leverage at 11:1, we're looking at a $140 TRILLION economic problem... yes, you read that correctly... that's trillion, with a 'T'... (Continue reading)

Tagged with: ABS asset backed securities bank bailouts bank of america bear stearns cause of meltdown CDOs citibank cost of bailout credit default swaps diana olick double dip economic recovery elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP Hank Paulson Indymac bank It takes a pillage jpmorgan chase Lehman Bros. loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner MBS mortgage backed securities mortgage crisis mortgage refinancing mortgage servicers NACA nomi prins obama administration one west bank recession REST Report securitization sub-prime loans TARP toxic assets Treasury Secretary Hank Paulson Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers wells fargo bank