If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Ahh, the time tested method of deflecting blame is alive and well when it comes to resolving the roots of the financial crisis. One of the most aggravating parts of constantly reading about the “starting” point as it were [...]
The Big Picture - Solvent Insurer / Insolvent Insurer
WowOWow - The MBAs of the Meltdown – Where Did Those Bankers Go to Business School?
WSJ Developments - More Americans Drowning in Mortgage Debt
Dr. Housing Bubble - Banks save while U.S. Consumers are Expected to Spend: The Convoluted Problem of Creating a Debt based Consumption System.
Naked Capitalism - Former Countrywide Officers [...]
So much of the average consumer’s wealth seems to be tied up in housing, but I have to admit I never realized just how much until this crisis came to light. Consumers borrowed against their house, used it as an investment, put msot of their personal wealth into it, but much like any investment, doing [...]
A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money matters and his adventures in self employment.
Even with bargain hunters starting to come out of the wood work and credit just barely starting to thaw out, things [...]
Valleywag has the story on Honeywell CEO Dave Cote’s email to all 122,000 employees encouraging them to support the housing bail out. Why you ask? Because Honeywell, like many other large firms, leverage the short-term commercial paper market to manage cash flow and operation expenses. This market has effectively stopped working and CEO’s like Cote (and [...]
A guest post by new Blownmortgage.com contributor, MG Dungan. MG has gone from Wharton to Wall St. to real estate to Blown Mortgage. And we’re excited. I hope you are too.
After last week, and last weekend in particular, we can?t help but wonder who?s next.
Although possibly a ploy to gain passage of the Paulson Bailout Plan, [...]
This guest post is from: Constantine von Hoffman, a veteran business journalist who writes the blog CollateralDamage.biz, a humorous look at marketing, business and his dog. If you?d like to submit a guest post drop me an email.
From his lips…
“There’s no question that this is in the process of outstripping anything I’ve seen, and [...]
This guest post is from: Constantine von Hoffman, a veteran business journalist and writes the blog CollateralDamage.biz, a humorous look at marketing, business and his dog. If you’d like to submit a guest post drop me an email.
Every news story about the bailout makes it sound as if Friday is some sort of do-or-die deadline. It’s not. It [...]
I don’t know how many times I can use the word suitor on this blog but as the rumors swhirl and the Wall Street giants teeter on the brink of extinction suitor is probably the best description of the remaining big depositories who are poking around to see if any potential brides have a limited [...]
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