If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Huffington Post - It’s Up to the Shareholders, Not the Government, to Demand Change at a Company
Deal Journal - AIG: Who is the Keyser Soze Behind the Hank Greenberg Dossier?
The Big Picture - SEC: Credit-Rating Agencies Require More Oversight
Calculated Risk - Mortgage Defaults [...]
How deaf is Ben Bernanke? With the US savings rate hitting a 14-year-high, the Fed unveils a $200B plan “aimed at boosting the availability of credit to consumers and small businesses.” While I hope this will be of use to businesses in need of it, consumers have already made it clear they’re not interested.
As Morgan [...]
Infectious Greed - Bullish Data/News Only
Today’s Business Press - “It’s Like an Unending Nightmare”
Financial Times - HSBC unit ‘destroyed’ $10bn
Naked Capitalism - AIG Restructuring Leaving Best Bits to AIG, Not US Taxpayer
Huffington Post - Fannie and Freddie Will Likely Never Return To Private Hands
American Express is looking for any way to get rid of additional credit exposure by paying current card holders $300 to cancel their credit card account. That’s right, paying to get rid of card holders. They’re doing it via a targeted “promotion” that select members will receive in the mail. If you get this offer [...]
“Credit is a system whereby a person who can’t pay gets another person who can’t pay to guarantee that he can pay.” – Charles Dickens
In this current economy where foreclosures, unemployment, bankruptcies and consumer credit defaults are reaching epic levels, are credit scores irrelevant?
A credit score is a numerical expression based on a statistical analysis [...]
I was at the Inman Real Estate Connect conference in New York all week. I had the great opportunity to hear Dr. Robert Shiller speak as well as see this panel which featured Barry Ritholtz of The Big Picture and Lawrence Yun, Chief Economist of the NAR.
The video is 42 minutes, but it was a [...]
On Monday, all of the financial world turned its ears to announcement that the United States is indeed in a recession, confirmed by the National Bureau of Economic Research. Of course, most of us who have followed the state of the economy already knew this, and are likely shaking their fists at the [...]
Another guest post from MG Dungan who went from Wharton to Wall St. to real estate to Blown Mortgage.
The first Great Depression started with the October crash of 1929, but the market didn?t hit bottom until 1932. So far in 2008, the market hasn?t crashed; however, this year, similarly, will mark the end of an [...]
In a recent story published on BusinessWeek’s website, the subprime mortgage industry is taken under the microscope and picked apart, bit by scandalous bit. The article, entitled ?Sex, Lies, and Subprime Lending,? presents many of the familiar excesses of subprime lending (pressure from investment banks and mortgage-backed securities brokers, data manipulation by loan officers) with [...]
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