New Orleans In one of those serendipitous moments a friend in San Francisco had passed on a book for my reaction and the daily papers have been full of pictures and quotes of the author, so the first part of my flight home was easily occupied reading Adair Tuner’s Economics After the Crisis: Objectives and …
Category: Citizen Wealth
Mortgage Disclosures and Modification Appeals are not Enough Reform
San Francisco There is no question that the new federal level Consumer Financial Protection Bureau (CFPB) is a good thing and that its initiative to reshape and clarify the disclosure forms for homebuyers is important and necessary work. Writing such forms in plain and simple English is a needed step and requiring full transparency of …
LIBOR: Banking as a Criminal Conspiracy
Little Rock Put London and banking in the same phrase, squeeze it into an acronym and snores start rising from nodding heads all around the world, and that’s too bad, because the LIBOR scandal that has erupted at Barclay’s and in Parliament will engulf the big US-based banks like Chase and Citicorp and might finally …