Category Archives: Banks

Housing And Higher Education Bubbles

From Pragertopia: “Prager H1: Dennis talks to Glenn Reynolds, professor of law at U. of Tennessee and founder of Instapundit, one of the most read conservative blogs on the Internet. His new short books for Encounter Broadsides are: The Higher … Continue reading

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How Did We Get Into This Housing Mess?

George Gilder told Dennis Prager yesterday: “We have capital flight from the United States and human capital flight…moving to more attractive investment environments. This is the wrong time to go over the fiscal cliff in January, rescinding President Bush’s good … Continue reading

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PBS Frontline Tackles Money, Power And Wall Street

Watch the three hours and 47 minutes of four total shows here. I love PBS Frontline. I think it tends to be fair and to be journalistically solid. The show does have a definite pro-regulation bias. Whether it is tackling … Continue reading

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Contempt For Banks

On his radio show today, Dennis Prager said: “You know how much fear I have for big government. My contempt for most banks in the world is deep as it is for big government.” “The profession of banking has soiled … Continue reading

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Big Mortgage Losses Cause FDIC To Sue Banks

When many people stopped paying their mortgages beginning in 2006 and accelerating over the next few years, the world economy went south. Wall Street gets blamed for inadequately pricing risk. Now big banks are getting sued over mortgage losses. REUTERS … Continue reading

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Banks Are Stronger, But Mortgage Demand Is Weak

I was not a big fan of the President Bush’s $700 billion plan to bail out Wall Street and the banks but virtually all of this money has been repaid to the U.S. Treasury so on balance, the move probably … Continue reading

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New Limits On Mortgage Fees

Mortgage pros make their money from the ignorance of those who aren’t in the mortgage industry. It is in the pros interest to keep mortgages as complicated as possible and filled with as many mysterious fees as possible. I’m a … Continue reading

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Bank of America Launches ‘Mortgage to Lease’

Imogen Reed writes: The Bank of America has announced a pilot scheme which will allow homeowners in danger of foreclosure to stay in their homes as tenants, with their outstanding loans written off by the bank. The scheme is initially … Continue reading

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BofA Reduces Mortgage Loan Principal For 200,000

As a result of a settlement with state and federal government, Bank of America is writing down mortgage loan principal for about 200,000 Americans, sometimes as much as $100,000 per mortgage. Banking is far more regulated than ordinary business. Bankers … Continue reading

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Freddie Mac Asks For More Government Help

So far taxpayers have paid out about $170 billion to subsidize Fannie Mae and Freddie Mac. That works out to about $1300 per American. Taxpayers are on the hook for at least another $100 billion in aid over the next … Continue reading

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