Pearl River As it becomes harder to get loans to buy homes, borrowers are increasingly looking for alternatives, including non-traditional, unguaranteed, noncomforming mortgages. The Wall Street Journal notes that in 2025, such loan originations rose from less than 1% in 2020 to almost 6% of total mortgages in 2025. Should we worry? Maybe, they …
Category: Banks
The Financialization Scam
New Orleans The on-line headline on the op-ed page called the current dominant financial practices led by private equity and the rest of the banking world as a “grift.” Dictionaries define a grift as usually a small-time swindle. When people refer to Trump as a grifter, they are thinking of bigger scandals. The …
Capping Credit Cards at Ten Percent
Pearl River President Trump is flailing as he tries to convince Americans that he is finally doing something about the economy and the issue of “affordability” that has become huge for Democrats. As he grabs at different straws, like suspending garnishments for student loan defaulters or blocking Wall Street’s avaricious pursuit of tens of …


