Posts Tagged ‘John Mack’

What Shall We Tell Our Children, Mr. President?

Written on 27 Oct, 2011 at 9:19

What shall we tell the children, Mr. President? How can we tell them the truth? How can we tell them we've lost faith in America... that our government has abandoned us... that we no longer feel like a... (Continue reading)

What Obama Should Have Done – Ezra Klein, Part 2

Written on 17 Oct, 2011 at 21:07

I mean, here we had our "smart" president, and the first thing he does upon taking the reins of a nation in real economic peril, is throw together a spending bill whose numbers were pulled directly from the hindquarters of... (Continue reading)

Tagged with: bailouts bank of america banking lobby citibank Deflation deflationary spiral diana olick double dip Douglas Holtz-Eaken economic recovery economic recovery: what washington should have done economic stimulus economy elizabeth warren ezra klein Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs GOP HAMP housing bubble Indymac bank James P. Rubin jamie dimon Jason Furman John Mack john stumpf jpmorgan chase larry summers lloyd blankfein loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman Michael Froman mortgage crisis mortgage refinancing obama administration Peter Orszag president obama RNC Robert Rubin Sarah Palin TARP Treasury Secretary Tim Geithner unemployment vikram pandit wall street bankers washington post wells fargo bank

A Crush on Matt Taibbi and a Pox on Both Their Houses

Written on 19 Apr, 2011 at 5:49

So, the strategy now seems quite clear: Our government decided to address the financial crisis and economic meltdown by handing out hundreds of millions to the wives of Wall Street executives so they could invest in student loans and commercial... (Continue reading)

T’was the Night Before Christmas… 2010

Written on 24 Nov, 2010 at 16:01

I write this political year-in-review holiday poem every year. I love doing it, and I hope you'll enjoy reading it and will send it to others of like mind as well. Happy Holidays!... (Continue reading)

Tagged with: april charney austerity programs bank of america bankruptcy bootcamp BP diana olick Dodd-Frank bill economic recovery elizabeth warren European stimulus Federal Reserve Chairman Ben Bernanke financial reform foreclosure crisis foreclosure fraud Goldman Sachs greece economy HAMP health care reform jamie dimon John Mack john mccain john stumpf jpmorgan chase judicial foreclosure state ken lewis lloyd blankfein loan modifications lost assignments mandelman matters martin andelman max gardner mid-term elections ml-implode mortgage servicers NACA O. Max Gardner III option arms political year-in-review President Barack Obama QE2 tea party Treasury Secretary Tim Geithner wall street bankers wells fargo bank

Howie Hubler’s Loan Value Group… Proof That Wall Street Has No Idea What’s Happening on Main Street

Written on 1 Nov, 2010 at 9:13

Want to know who Howie Hubler is? Did you read Michael Lewis' book, "The Big Short," because if you did, you might remember Lewis mentioning a bond trader at Morgan Stanley that lost the investment bank $9 BILLION... more... (Continue reading)

Tagged with: 60 minutes bank of america bond market Fed Chairman Ben Bernanke foreclosure crisis GAAP Accounting GMAC HAMP howie hubler illegal foreclosures John Mack jpmorgan chase lloyd blankfein loan modifications loan value group mark to market michael lewis morgan stanley mortgage refinancing NACA one west bank Plan offers hedge on strategic default PRA principal reductions rachel maddow responsible homeowner reward robo-signers steve kroft strategic default sub-prime loans TARP the big short Treasury Secretary Tim Geithner underwater mortgages wall street investors Wall Street Journal wells fargo bank WSJ

House Hearings to Answer Question: Are Loan Servicers Honoring Their Commitments to Help Preserve Homeownership?

Written on 6 Jul, 2010 at 11:06

Everything's going just fine. There are no real problems with HAMP or with the servicers who are implementing HAMP. Oh sure, there have been a few challenges, but most of them have been caused by the borrowers who... (Continue reading)

Tagged with: Assistant Treasury Secretary Herbert Allison bank of america Barbara Desoer BP citibank citimortgage countrywide David Friedman David Lowman double dip economic recovery economy Edward Pinto Fannie Mae FHA HAMP FHFA foreclosures Freddie Mac GAO george soros Gulf of Mexico HAMP HAMP guidelines hamp performance HAMP report Indymac bank jamie dimon John Mack john stumpf jpmorgan chase lloyd blankfein loan modifications loan servicers Making Home Affordable Plan mandelman matters martin andelman ml-implode Michael dell Michael Heid obama one west bank re-default risk recession Sanjiv Das Treasury Secretary Tim Geithner trial modifications trial period plans US Treasury vikram pandit Wachovia wells fargo bank

The Banksters: Lloyd Blankfein, John Mack, Vikram Pandit, Jamie Dimon, Brian Moynihan, Et Al. Have we forgotten what lying is?

Written on 9 Jun, 2010 at 14:50

Apparently, data released by the Federal Reserve Bank of New York shows that 18 banks, including those listed above of course, have been lying about their levels of debt that are used to fund their trading of securities at the... (Continue reading)