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Tag Archives: Citigroup
ForeclosureRadar: Dramatic Declines in December
Given that pretty much every bank postponed foreclosure activity for the holidays, a decline in actual repossessions was expected. However, we were not expecting the dramatic drop in Notices of Default filed. From ForeclosureRadar: Banks cancel more foreclosures then they … Continue reading
How Obama Turned Bailouts Into Giveaways
Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008…. Then he got elected. Matt Taibbi’s Rolling Stone piece Obama’s Big Sellout … Continue reading
Posted in Banking and Finance, Best Of The Storm, Fresh Perspectives, Social Mood Swings
Tagged Bailouts, Bank Regulations, Citigroup, Goldman Sachs, Obama, Stimulus, TARP, The Fed, The Treasury
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Regulators Delay Bursting of Commercial Real Estate Bubble
Reality, it appears, is a dish Washington believes is best served, never. Late Friday evening, long after most Americans had shut off their computer screens and turned their attention to more important things — namely, Halloween — banking regulators dropped … Continue reading