Tag Archives: estate crash

Republicans Blame Government Housing Policy For 2008 Real Estate Crash

Here is the essence of the GOP complaint, that “the government subsidized and, in some cases, mandated the extension of credit to high-risk borrowers, propagating risks for financial firms, the mortgage market, taxpayers, and ultimately the financial system.” Democrats blame … Continue reading

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Capital Offense: How Washington’s Wise Men Turned America’s Future Over to Wall Street

This is the new book from Michael Hirsh. An extensive excerpt was published in the New York Times. In the book, the men tend to be the villains and the women tend to be heroines. Michael Hirsh blames deregulation for … Continue reading

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Federal Reserve Releases PSA About Wise Credit Card Use

The Federal Reserve wants to improve its image. Currently, people think about it as an agency that facilitates bailouts of fat cats on Wall Street. The Obama administration is more interventionist than the Bush administration. Even though the Fed is … Continue reading

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Tough Times Just Beginning For Commercial Real Estate

Home prices have been slumping since 2006 and commercial real estate has followed a similar trajectory. Now home prices have leveled out, but there’s been no turn around for commercial real estate. One analyst in this story says the problem … Continue reading

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California Struggles With Foreclosures

Foreclosures in California leveled off in the second and third quarters. A new law changes the way defaults are filed and measured. There’s no end in sight for California’s real estate crash. From Reuters: California was primed in recent years … Continue reading

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