Tag Archives: joe nocera

Federal Deposit Insurance Corporation Chairwoman Sheila C. Bair Leaves Her Job Blasting Banks

Sheila Bare says that banks have disdain for borrowers and don’t think they are worth helping. Why should banks help? The two sides signed a deal. Doesn’t Sheila respect the sanctity of contracts? Not particularly. Here’s a supposedly non-partisan but … Continue reading

Posted in Banks, mortgage, Politics | Tagged , , , , , | Comments Off on Federal Deposit Insurance Corporation Chairwoman Sheila C. Bair Leaves Her Job Blasting Banks

The Republicans Want To Fix Fannie Mae, Freddie Mac

Taxpayers have poured $150 billion into Fannie Mae and Freddie Mac. Not a big deal, say liberals. Fannie Mae and Freddie Mac are underwriting 90% of new mortgages. Without them, the housing market would collapse. We can’t allow that, can … Continue reading

Posted in Banks, fannie mae, Foreclosure, freddie mac, mortgage, Politics, Rates, Refinance | Tagged , , , , , | Comments Off on The Republicans Want To Fix Fannie Mae, Freddie Mac

Let’s Nationalize City – We Own It Anyway

If we nationalize Citi, we can then offer new mortgages and credit cards and other loans. A lot of people are talking about a national bank to buy toxic assets to free up lending. Sheila Bare of the FDIC is … Continue reading

Posted in Banks | Tagged , , , , , | Comments Off on Let’s Nationalize City – We Own It Anyway

Plans To Rescue The Mortgage Market

There’s one proposal for the government to buy up troubled mortgages and then refinance them through Fannie/Freddie. Eventually, the government may be able to sell these mortgages at a profit. You could use tax-exempt bonds to buy up homes and … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Plans To Rescue The Mortgage Market

Looking To The Government For Help With Real Estate Prices

Joe Nocera writes: Now that the government has “saved” Wall Street — at least for the moment — hasn’t the time finally come to save Main Street too? I’ve seen estimates suggesting as many as one out of every six … Continue reading

Posted in Real Estate, U.S. Government | Tagged , , , , , | Comments Off on Looking To The Government For Help With Real Estate Prices