New Orleans Please, just move the soapbox over here a little closer, because I’m going to jump and shout yet again, and sadly, not for the last time about the little named co-conspirator and enabler of the Great Recession real estate meltdown: mortgage brokers. They are under …
Tag: subprime lending
Alternative Mortgage Lending Tiptoeing Around a Broker-based Implosion – Again!
New Orleans In the 2008 Great Recession, fingers pointed wildly in all directions and in some cases in little Taliban caves around the country they are still doing so, and trying to play the blame game at the expense of the victims. One of the more troubling terms to emerge from those terrible days …
More Evidence Emerging of the Big Banks Role in Mortgage Meltdown
New Orleans If there is anyone over the age of 10 years old that has any doubt that the pure and simple, unchecked greed of banks caused the mortgage meltdown triggering the Great Recession, please read, and listen carefully. Information now coming out on the dealings between Morgan Stanley, the Wall Street behemoth that acted as …