Tag Archives: economic collapse

President Obama Today Blamed Wall Street Greed For Economic Collapse

Was Wall Street any less greedy ten years ago? Or 20 years ago? When politicians pass new welfare benefits, is that greedy? When politicians force banks to lend to politically connected minorities with lousy credit, is that greedy? Dennis Prager … Continue reading

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Does The SEC Have The Resources To Police Wall Street?

JP Morgan Chase paid out $154 million to settle with the SEC over allegations that the bank improperly marketed its mortgage-backed securities. Politicians are eager to keep pointing fingers at Wall Street for the economic collapse. They’re not so eager … Continue reading

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Did Big Lenders Employ Deception?

That’s what a House committee is looking into. The politicians would love to blame someone other than themselves for the economic collapse. I am sure they will be able to uncover some deceptive practices, but if lenders used wholesale dishonest … Continue reading

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Refinance and the Fed

From the New York Times: WASHINGTON — Over a frantic weekend in mid-March, Ben S. Bernanke rewrote the rule book as chairman of the Federal Reserve. Timothy F. Geithner, president of the Federal Reserve Bank of New York, and a … Continue reading

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