Wednesday 4th December
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Mandelman U. Presents: There’s Credit Default Swaps & then there’s Credit Default Swaps
Written on 23 Nov, 2010 at 12:24
Seventy percent of the U.S. economy is driven by consumer spending, which has been driven by borrowing over the last ten years. Even if we wanted to do so, we can't borrow our way back to prosperity this time... (Continue reading)
Obama Administration Gets Tough, Sec. Barr Says Banks Won’t Get a Nickel Until Permanent Modifications Are Done – LMAO
Written on 2 Dec, 2009 at 17:51
So, how many chances are we going to give these ineffectual fools before we storm the castle? G.W. Bush and Hank Paulson totally blew it. Now Obama and Geithner have somehow managed to under-perform their abysmal track record.... (Continue reading)
See, That’s What I’m Talking About – Banks are Broke & Broken
Written on 20 Oct, 2009 at 21:10
According to FDIC, the program was established a year ago at the height of the financial crisis, and was intended to "help thaw the freeze in bank-to-bank lending," and it's obviously been very effective in that regard. Mark that... (Continue reading)
What Happened On Wall Street and Why
Written on 18 Jul, 2009 at 15:27
But until homeowners are able to refinance their adjustable and recasting mortgages into affordable loans, and foreclosures abate as a result, we'll see no recovery. As they say, this too will pass... but not tomorrow, not next year, and not... (Continue reading)
Treasury Gives Banks Guidance on Loan Modification/Foreclosure Rescue Scams
Written on 8 May, 2009 at 17:50
The Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) has issued what they refer to as “guidance” to financial institutions related to the practice of using Suspicious Activity Reports (“SARs”) to report loan modification and foreclosure rescue scams. The guidance talked... (Continue reading)