Wednesday 4th December
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QE2 Leaves Port, Bernanke Takes Leave of Senses
Written on 15 Nov, 2010 at 13:59
I want to go on record as saying that Bernanke's QE2 has no chance of working, in the sense that it will do nothing positive in the long run, and won't even do much in the short run to help... (Continue reading)
Chief Judge Gonzalez calls WaMu’s Conduct “Immoral, Unethical, Oppressive, Unscrupulous or Substantially Injurious to Consumers” (You go, Your Honor.)
Written on 10 Nov, 2010 at 0:18
Now, tell the truth... I'm not saying that this is what happened next, but what if I told you that the next thing that happened was that Khast bought a handgun and shot a banker in the head, would you... (Continue reading)
Report Shows Treasury Disagrees With Loan Mod Decisions at Chase, Wells & BofA – Requires Servicers to Make Changes Going Forward
Written on 27 Sep, 2010 at 23:55
Well, in the August HAMP Report, which is published monthly by Treasury, is a chart that shows that Treasury has disagreed with a higher than average number of the decisions being made by CHASE, Wells Fargo and Bank of America.... (Continue reading)
Obama’s Speech Avoids Using the “N” Word…
Written on 18 Jul, 2010 at 17:24
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)