Posts Tagged ‘toxic assets’

Thanks a lot Volkswagen…

Written on 28 Sep, 2015 at 17:32

Personally, I would rather see VW forced to pay the $18 billion to the people who bought their poison spewing cars... and they could give the EPA let's say... $100,000. That's more than the agency deserves for doing such... (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)

Tagged with: ABS asset backed securities bank bailouts bank of america bear stearns cause of meltdown CDOs citibank cost of bailout credit default swaps diana olick double dip economic recovery elizabeth warren Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Goldman Sachs HAMP Hank Paulson Indymac bank It takes a pillage jpmorgan chase Lehman Bros. loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman martin andelman ml-implode max gardner MBS mortgage backed securities mortgage crisis mortgage refinancing mortgage servicers NACA nomi prins obama administration one west bank recession REST Report securitization sub-prime loans TARP toxic assets Treasury Secretary Hank Paulson Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers wells fargo bank

Republicans Leap to the Aid of Banker-Servicers Over AG Settlement Proposal

Written on 10 Mar, 2011 at 9:52

But, unquestionably, the best part of Senator's Shelby's largely unintelligible rant, was when he threw down the "don't fine them or there'll be no lending" card. He draws that card like a gun, doesn't he? He even sounds... (Continue reading)

WaMu’s Top Gun Loan Officers Targeted Low-Income Minorities to Rob the Bank and the Nation

Written on 16 Apr, 2010 at 7:19

It would be one thing if the story of Tom Ramirez and Mario Loria at Washington Mutual's Loan Processing Center was nothing more than the story of two rogue mortgage bankers who gamed the system and got away with millions... (Continue reading)