New Orleans I have taken some heat for recommending that homeowners who are underwater walk away from their mortgage obligations in the face of totally, and now admittedly, inept response to the foreclosure crisis by the Obama Administration all facilitated by the total greenwash of the banks by Treasury Secretary Geithner. It seems according [...]
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New Orleans I’ve been thinking about this for awhile in utter frustration at the Government’s protection of banks and unwillingness to write down principal to allow homeowners to rightsize their payments with their home values and protect their citizen wealth. I’ve come right up to the line of accusing Treasury Secretary Tim Geithner of pimping [...] Dallas Recently fingers once again pointed at the “rating” agencies on Wall Street as one of the meltdown makers who have successfully escaped any real reform in the last year from Congress or the financial world shakers. Wall Street would obviously still believe this is all about them and want to make sure that wheelers [...] Boston There’s a full moon. The Saints are 11-0 and whipped the New England Patriots like a red-headed stepchild. Now the Treasury Department has announced another new strategy for dealing with foreclosures, given that nothing else has had much of a dent on the problem: shaming. I guess anything is possible these days, but [...] |
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