Wednesday 4th December
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HO, HO, HOmeless… A Sobering View of the Crisis Affecting Us All
Written on 24 Dec, 2011 at 5:00
And to the homeowners who feel ashamed... who have suffered the indignity of losing a home in silence... this wasn't your fault. You didn't break the bond market and send housing prices into a free fall. You didn't... (Continue reading)
Author Michael Hudson Knows The Monster – A Mandelman Matters Podcast
Written on 4 Dec, 2011 at 12:59
Here's something you can't do anywhere else... listen to author Michael Hudson not only talk with me about his book, but listen to how he applies his vast knowledge of the subject matter to what's going on today in our... (Continue reading)
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)
THEY ONCE WERE LENDERS – Understanding government’s failure to stop bankers OR scammers from destroying homeowners.
Written on 25 Apr, 2011 at 21:47
And, to add insult to injury, our government has stood by obtuse and witless as these same banks have been permitted to lie, mislead, abuse, disrespect, malign and outright torture homeowners trying to apply for a government program funded by... (Continue reading)
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)
Foreclosure Fraud: Tough Issues With Which to Grapple
Written on 30 Oct, 2010 at 20:37
Just in case any children are reading this, and one never knows about such things, forgery and perjury are never found on the right path to follow when attempting to cover up, flagrant and immeasurable fraud and massive malfeasance, boys... (Continue reading)
Podcast: Mandelman in the Morning – Labor Day
Written on 6 Sep, 2010 at 13:29
1. Lehman Bros. CEO says bankruptcy wasn't Lehman's Fault. 2. Stimulus is folly. 3. Call it a depression. 4. Geithner's happy about HAMP. 5. Foreclosures breed foreclosures. 6. AZ's loan mod program won't work. ... (Continue reading)
Books That Matter: Crisis Economics, by Nouriel Roubini & Stephen Mihm
Written on 30 May, 2010 at 20:59
Roubini explains things I didn't previously understand, such as the details of Federal Reserve Chairman Ben Bernanke's and Treasury Secretary Geithner's response to the meltdown. Oh, I knew some of what those two had done, but not enough in terms... (Continue reading)
WaMu and We Don’t Lose Deals to Income!
Written on 14 Apr, 2010 at 5:55
Those are the words that were printed on a large banner that hung above the cubicles at Ameriquest Mortgage in Sacramento, California, according to an ex-employee of the now defunct sub-prime mortgage banking lender that was shut down by Citigroup... (Continue reading)
Books I’ve Loved Reading… The Great Depression Diary
Written on 31 Jan, 2010 at 15:09
The Great Depression Diary By Benjamin Roth Benjamin Roth was born in the last years of the nineteenth century, passed the Bar Exam during the Roaring Twenties and was a practicing attorney in 1929 when over a few days in... (Continue reading)