"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)
I realize that his speech the other night was intended to be more State-of-the-Union-like than a presentation of specific solutions, but I still came away feeling a bit like a Christian Scientist with appendicitis. America's banks are, in large part, insolvent.... (Continue reading)
Here we have a senior official who declined to speak on the record because: "the extent of the disclosures were still being debated?" Were they now? By the Obama administration? Now that's transparency. Change I can Goddamn... (Continue reading)