New Orleans Someone having folks over to the White House for cokes and coffee with the President doesn’t seem like much of a visit to the woodshed, but, hey, I guess a fella has to do something to be heard and heeded by his appointees even if he is the boss and the President of …
Tag: Great Recession
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 …
Another Billion in Subprime Losses for Wells Fargo and Ocwen
New Orleans A billion here, a billion there, and the next thing you know, you’re talking about real money. This is another line on the headstone of the subprime mortgage industry that was such a key player in the Great Recession. News that investors took another unexpected loss of a billion bucks in these tranches …