Posts Tagged ‘Treasury Secretary Hank Paulson’

Were Addicted to Denying our Addiction to FHAs Mortgage Crack

Were Addicted to Denying our Addiction to FHAs Mortgage Crack

According to Moody’s Analytics, FHA's actions prevented home prices from dropping an additional 25%, which in turn saved 3 million jobs and half a trillion dollars in economic output. But now FHA is broke. Now what?... (Continue reading)

OBLABLA or MITTENS for President in 2012? Here’s how I’m going to choose…

OBLABLA or MITTENS for President in 2012?  Here's how I'm going to choose...

"While Paulson didn’t want to write down mortgages, the single biggest factor in determining whether the American middle class has any stored wealth, Paulson was willing to do so in response to pressure. Barack Obama... (Continue reading)

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)

THEY ONCE WERE LENDERS – Understanding government’s failure to stop bankers OR scammers from destroying homeowners.

THEY ONCE WERE LENDERS - Understanding government's failure to stop bankers OR scammers from destroying homeowners.

And, to add insult to injury, our government has stood by obtuse and witless as these same banks have been permitted to lie, mislead, abuse, disrespect, malign and outright torture homeowners trying to apply for a government program funded by... (Continue reading)


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