Friday 26th April
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Foreclosure crisis now includes “Irresponsible Churches”
Written on 18 May, 2012 at 7:09
Praise the Lord, and please pass the foreclosures, right? We need to get through the foreclosures… clear the market… let it hit bottom… isn’t that what Mitt Romney, Rick Santelli, House Republicans, quite a few Democrats too... and a... (Continue reading)
Debt Forgiveness – The IMF, Iceland, and the U.S. of the 1930s all say it works
Written on 7 May, 2012 at 6:25
Iceland’s mortgage write-down program happened as a result of thousands of its citizens taking to the streets demanding that something be done about the debts the people had incurred buying homes during the bubble at what turned out to be... (Continue reading)
Bringing Up the Rear – Dale Westhoff, Credit Suisse Group AG
Written on 16 Feb, 2012 at 1:17
Apparently, right before you made your idiotic comments about moral hazard, saying that principal write-downs won’t save homes, Credit Suisse had just won the bidding process and as a result bought $7.014 billion in face value RMBS from the Federal... (Continue reading)
Credit Suisse Tells Bloomberg: “Mortgage Principal Cuts Don’t Help Homeowners?”
Written on 22 Jan, 2012 at 18:53
Reducing mortgage balances is a risky idea that hasn’t been shown to keep borrowers who owe more than their property’s worth in their homes, according to Credit Suisse Group AG. (CSGN). Suspending accounting rules is a risky idea that hasn’t been... (Continue reading)
