Skip to content

Category Archives: Wall Street

Cohan: Warren should step down to facilitate change

01-Jun-11

Mr. Cohan believes Elizabeth Warren should give up and go back to Harvard, so someone more agreeable can chair the organization she’s putting together.  The theory goes this would let the poor banks implement the change…because having agreeable people has worked so well to date. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with […]

Elizabeth Warren is still the right person to lead the CFPB

06-Feb-11

Why Elizabeth Warren Is Still the Best Choice for CFPB Director With the President’s appointment of Warren to an advisory role, my hope for her nomination faded.  I don’t see this happening, but she’s still a fantastic pick.  Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on […]

Nothing to see here, says Goldman Sachs

06-Feb-11

Everything is just fine, says Goldman Sachs, as they do everything in their power to maintain their profit margin. Bias much?   Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

Mortgage originator wants to destroy thousands of notes…

30-Jan-11

If these documents are destroyed, the tens – if not hundreds – of thousands of homeowners will have absolutely no recourse against foreclosure. In a just world, the court would prevent the lender from foreclosing w/out these documents, but they have shown they’re on the side of the corporation. Bookmark on DeliciousDigg this postRecommend on […]

PSA: It’s still not a good time to buy a house…

30-Jan-11

PSA: It’s still not a good time to buy a house. Fannie Mae and Freddie Mac are holding 242,000 properties off of the national market to prevent further deflation. That’s just these two entities folks; how many do the other banks combined hold? Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about […]

Banks get smackdown in MA…

08-Jan-11

…about time.  Now, if only ever other state in the Union would get a clue.  Watch now as legislators rush to the defense and aid of these banks. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

Loan servicer downgrades credit of homeowner who asked for the note…

16-Dec-10

…I hope he sues this POS company for everything it has. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

Federal pay to be frozen for two years…

29-Nov-10

Pointless, to quote the Scarecrow. Further, it’s a tone deaf action that indicates he’s not really interested in helping the average citizen. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

GM (i.e., the UAW) real target of bailout?

27-Nov-10

It would certainly seem so. In a word: disgusting. Bookmark on DeliciousDigg this postRecommend on Facebookshare via RedditShare with StumblersTweet about itSubscribe to the comments on this post

Housing Doom: How Do You Keep Homeowners In Their Home When They’re Already Gone

16-Nov-10

In short, you don’t. The only issue I have with the sentiment that loan modifications wouldn’t work anyway (due to unemployment, etc.) is that the lenders haven’t been honest in their attempts. This negates (IMO) any further discussion of what could be. Speaking for myself only and lacking empirical data (which in turn makes this […]