Posts Tagged ‘Hank Paulson’

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

Written on 25 May, 2011 at 18:46

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)

The Care Bair – FDIC’s Sheila Bair Wants Principal Reductions from Banks With Loss Sharing Agreements

Written on 12 May, 2011 at 6:22

I know... you think not modifying those loans is punishing the homeowners for getting in over their heads... but in realty, it's not punishing them... it's punishing you... you are running about, commenting on blogs, advocating the kicking of your... (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

Greenspan Says Housing is Nowhere Near Bottom

Written on 26 Jul, 2010 at 22:13

It's amazing how different it is when you're the Chairman of the Federal Reserve, as opposed to being the retired Chairman of the Federal Reserve. ... (Continue reading)

For Bankers of Failed Financial Institutions… the Pain Is Not Over Yet

Written on 13 Jul, 2010 at 22:11

Shiela! There you are! Where the heck have you been girl? Last I heard, Hank Paulson sent you for coffee, and you've been standing in Geithner's shadow ever since. It's about damn time, girl! ... (Continue reading)

The People of the United States v. Wall Street’s Bankers

Written on 6 Dec, 2009 at 21:48

As I've watched the economy deteriorate over the last two years, I have been amazed and bewildered at our government's response, or lack thereof. And the more I've learned, the worse I've felt about our ability to fix what... (Continue reading)