If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Big Picture - Property Owners Lost $3.3 Trillion in 2009
Irvine Housing Blog - Liar’s Poker
The Big Picture - The Rise And Fall Of WaMu
The New Republic - Foreclosing The Crisis
Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage.
If you believe in the United States of America then you will believe in: JPMorgan Chase (which includes Bear Stearns and Washington Mutual); Bank of America (which includes Merrill Lynch); Wells Fargo (which includes Wachovia); Citigroup; Bank of [...]
Well, leave it to the folks who brought you Woohoo! to bring you the latest in marketing for failed banks – pimping your new sugar daddy. WaMu’s headline in-branch flyer reads: “We love Chase. And not just because they have a trillion dollars.” Actually, it’s precisely because of their money, but I [...]
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, [...]
So the biggest bank failure in the history of our country occurred yesterday and quite frankly was somewhat of a non-event. The quick FDIC step-in and subsequent fire sale to JP Morgan kept bank failure on page two with the $700 billion federal bailout clearly the bigger headline. This is something that hopefully [...]
Market Watch is reporting Washington Mutual is for sale via an auction being conducted by Goldman Sachs. The shopping began a few days ago according to sources at Goldman.
This is the only thing they could do, or else they will go bankrupt, leaving the nation’s largest S&L in the hands of the [...]
The Fed is looking to avoid the inevitable bankruptcy and receivership of the nation’s largest S&L, Washington Mutual, by playing matchmaker this morning. Now that they’ve gone and loaned AIG $85 billion, the government knows it will be on the hook for a huge chunk of cash when WaMu folds. So, like that [...]
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