Tag Archives: goldman sachs

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

Posted in Banks, fannie mae, Foreclosure, freddie mac, mortgage, Politics, Rates, Refinance | Tagged , , , , , | Comments Off on PBS Frontline Tackles Money, Power And Wall Street

Goldman Sachs Getting Sued For Junk Mortgage Securities

Goldman Sachs apparently recommended to many of their clients in 2006-2007, to buy into junk mortgage securities that Goldman Sachs was simultaneously betting would go short. There are trillions of dollars depending on the following civil cases. Report: This all … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Goldman Sachs Getting Sued For Junk Mortgage Securities

California Likely To Join Investigation Of Wall Street’s Mortgage Practices

California is entirely governed by Democrats. I am not surprised that a Democrat state Attorney General is interested in joining New York and Delaware’s probes of the mortgage-bundling practices of Wall Street. Who can even understand tranches and the like? … Continue reading

Posted in mortgage, Politics | Tagged , , , , , | Comments Off on California Likely To Join Investigation Of Wall Street’s Mortgage Practices

Goldman Sachs Too Big To Fall Victim To Government Prosecution

Goldman Sachs was the only major Wall Street investment house that made money from the housing crash. How? Their advisors accurately predicted what was coming and they hedged appropriately, taking down AIG in the process. Their success is widely resented, … Continue reading

Posted in Banks, mortgage, Politics | Tagged , , , , , | Comments Off on Goldman Sachs Too Big To Fall Victim To Government Prosecution

Reckless Endangerment – Barney Frank And The Fannie Mae Meltdown

Fannie Mae had few, if any, more rabid supporters in the U.S. Congress than Barney Frank. In return, Fannie Mae gave Barney’s gay lover in 1991 a job. Barney Frank encouraged Fannie Mae’s reckless lowering of mortgage standards. Fannie Mae … Continue reading

Posted in fannie mae, freddie mac, mortgage, Politics | Tagged , , , , , | Comments Off on Reckless Endangerment – Barney Frank And The Fannie Mae Meltdown

New York’s Attorney General Leading The Way In Bank Investigation

I am hardly surprised that a New York Democrat is leading the way in investigating banks and their role in the 2008 financial crisis. It must be irresistible to such politicians to place the blame on bankers rather than on … Continue reading

Posted in Foreclosure, mortgage, Politics | Tagged , , , , , | Comments Off on New York’s Attorney General Leading The Way In Bank Investigation

Inside Job

I loathed this documentary that blamed the world recession on a tiny group of mostly Jewish financiers who supposedly lacked adequate government supervision. That Europe’s heavily regulated economies were just as savagely hit as America’s comparatively free-market one is not … Continue reading

Posted in mortgage, Politics | Tagged , , , , , | Comments Off on Inside Job

What Was The Role Of Banks In The Mortgage Meltdown?

The banks were patsies. They were suckers. They went along without much protest to the manipulation of politicians forcing lenders to lower their lending standards to “help” blacks and latinos buy homes despite bad credit. Well, those credit risky types … Continue reading

Posted in Banks, mortgage, Politics | Tagged , , , , , | Comments Off on What Was The Role Of Banks In The Mortgage Meltdown?

Politicians Eager To Find Wall Street Responsible For The Housing Crash

Politicians are not as eager to investigate their own interventions into the free market, destroying what had been the most reliable investment around — mortgages. The New York Post reports: Several high-profile investigations, including one by New York State Attorney … Continue reading

Posted in mortgage, Politics | Tagged , , , , , | Comments Off on Politicians Eager To Find Wall Street Responsible For The Housing Crash

The Great American Bank Robbery: The Unauthorized Report About What Really Caused the Great Recession

Paul Sperry published the book The Great American Bank Robbery: The Unauthorized Report About What Really Caused the Great Recession. Paul Sperry was on Dennis Prager’s radio show today. Dennis: A liberal says Wall Street deregulated and irresponsibly packaged irresponsible … Continue reading

Posted in Banks, fannie mae, Foreclosure, freddie mac, mortgage, Politics | Tagged , , , , , , , , , , , , , , | Comments Off on The Great American Bank Robbery: The Unauthorized Report About What Really Caused the Great Recession