Posts Tagged ‘toxic assets’

Thanks a lot Volkswagen… 

Thanks a lot Volkswagen... 

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)

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If You Think the Meltdown Was the Fault of Homeowners, Think Again…

If You Think the Meltdown Was the Fault of Homeowners, Think Again...

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)

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

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

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

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

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)


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