Posts Tagged ‘TARP II’

QE2 Leaves Port, Bernanke Takes Leave of Senses

QE2 Leaves Port, Bernanke Takes Leave of Senses

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 WaMus Conduct Immoral, Unethical, Oppressive, Unscrupulous or Substantially Injurious to Consumers (You go, Your Honor.)

Chief Judge Gonzalez calls WaMus Conduct Immoral, Unethical, Oppressive, Unscrupulous or Substantially Injurious to Consumers  (You go, Your Honor.)

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

Report Shows Treasury Disagrees With Loan Mod Decisions at Chase, Wells & BofA  Requires Servicers to Make Changes Going Forward

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…

Obama's Speech Avoids Using the

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)

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