I am convinced there is a professional handwringer class that gains some perverse comfort in predicting the inevitable crash in real estate prices. They point
This secret congressional testimony was surreptitiously transcribed and delivered anonymously to me by a high-level government employee who had recently been foreclosed by Cerberus Servicing Systems, a
The April 19, 2014 Economist reports [Credit where credit’s due] that the ratings agencies are making a financial comeback after their near-death experience following the
Ludd·ite – noun \ˈlə-ˌdīt\: one of a group of early 19th century English workmen destroying laborsaving machinery as a protest; broadly : one who is opposed to especially technological
In Part One of my latest rant blog post, I took a look at the Big Banks and their sordid activities during the securitization heydays
Introduction. As the Big Bank scandals appear to be diminishing, I’ll admit that it’s probably time to get over the RATs (Rapers of the American
As some of my readers know, S&P, the largest of the ratings agencies, that in tandem with their investment banking cohorts, made millions – nay,
I’ve written several blog posts about the mortgage insurance (“MI”) problem. Two of the several posts are found here and here. In many cases, MI
“Waaaaaa” It’s no secret that I have little sympathy for Standard and Poors and the other ratings agencies. Like carnival barkers at the securitization circus,
Background. The Big Banks, their excesses, and the stories of their rapacious greed, are slowly receding into the rearview mirror of memory, like an Elm
