Toronto After years of big banks essentially flipping off their customers and borrowers fighting foreclosures in no small measure because banks were more than willing to take the money and run on the government’s bailout, but were heedless of the damage they were doing to their borrowers’ lives and communities, Gretchen Morgenston in the New York …
Category: Foreclosure
Phil Gramm, Architect of Sequester and Recession, Looks for Someone Else to Blame
New Orleans Phil Gramm, the former Texas Senator and head of the Senate Banking Committee from 1995-2000, wrote a “pin the tail on the donkey” piece in the Wall Street Journal trying to find someone other than himself to blame for the Great Recession. The piece was almost unintelligible, though the headline and the first …
Dwolla, Lending Club, Housing, and Women Should Block Summers at the Fed
New Orleans It is hard to believe that there is really a campaign in earnest to push Larry Summers as the new Chairmen of the Federal Reserve, and that President Obama seems to be somewhat supporting his candidacy. Admittedly, the other front runner is a distinguished woman, the economist Janet Yellin, is also being targeted …