Posts Tagged ‘ferdinand pecora’

It’s Official: Thanks to Former Citigroup CEO Sandy Weill… I Have Now Seen Everything.

Written on 26 Jul, 2012 at 9:09

So, I guess I had this dream. I was watching CNBC... which, by the way, is how I knew it was a dream because I never watch CNBC... anyway, so I was watching CNBC and on comes Sanford "Sandy"... (Continue reading)

Our future hinges on just ONE thing…

Written on 14 Nov, 2011 at 12:06

You know the stereotype... we all do... reckless and greedy people who bought homes they could never hope to afford by signing their names on nothing down, 80/20 "liar loans" with negative amortization and teaser rates of 1%. And... (Continue reading)

Tagged with: bailouts bank of america banking lobby citibank Dean Baker diana olick double dip economic recovery economy elizabeth warren Fannie Mae FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke ferdinand pecora foreclosure crisis foreclosures Freddie Mac glenn beck Goldman Sachs HAMP Indymac bank jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman ml-implode mortgage crisis mortgage refinancing mortgage servicers NACA obama administration one west bank recession REST Report rick santelli TARP Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers wells fargo bank

CA’s Democrats in Congress Wake Up to Need to Address Foreclosures

Written on 16 Oct, 2011 at 22:39

Apparently, this past week, the sound of the economy's ship going down must have awoken the majority of House Democrats from California who then just jumped all over the Obama Administration for "failing to deliver on promises to curb foreclosures."... (Continue reading)

Tagged with: bailouts bank of america banking lobby california foreclosure crisis California House Democrats citibank diana olick double dip economic recovery economic stimulus economy elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke ferdinand pecora foreclosure crisis foreclosure relief key to economic recovery foreclosures Freddie Mac Goldman Sachs HAMP HARP Indymac bank jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman ml-implode mortgage crisis mortgage refinancing mortgage servicers NACA obama administration Pecora Commission president obama recession San Francisco Chronicle SB 94 TARP trial modifications unemployment wall street bankers wells fargo bank

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

Senate Investigation Says Banks Caused Crisis, Not Borrowers

Written on 22 Apr, 2010 at 13:45

As I've said what feels like a million times in a million different ways... it wasn't the borrowers, it was the banks, and what caused the crisis was that the banks broke the bond market... and it remains broken to... (Continue reading)