Tag Archives: The Treasury

Mad Meat! A Parable

The Tinker-Traders were allowed to sell anything. And, because, they could – they did. They even put dried turds and butcher trimmings in a box and sold them to the public, which was legal because the boxes contained broad disclosures. Continue reading

Posted in Banking and Finance, Fresh Perspectives, Social Mood Swings | Tagged Bailouts, CDOs, CMBS, Fannie Mae, FHA, Freddie Mac, Glass-Steagall, RMBS, SEC, The Fed, The Treasury | Leave a comment

Can Fannie and Freddie Survive Without Uncle Sam?

The GSEs were government entities for years, then the government attempted to take them private and deny taxpayers were on the hook for a collapse. Now that we know that illusion was a fantasy, are we going to try to spin the same yarn? Continue reading

Posted in Best Of The Storm, Financial News, Fresh Perspectives | Tagged Bailouts, Fannie Mae, FHA, Freddie Mac, GSE, GSEs, The Fed, The Treasury, Toxic Mortgages | 1 Comment

Obama is Finally Listening to Paul Volcker

Barack Obama has unveiled plans to limit the size and scope of our large banks and financial institutions to limit future risk to taxpayers. Banks would not be allowed to act has hedge funds and take excessive risks or engage … Continue reading

Posted in Banking and Finance | Tagged Bank Failures, Bank Regulations, Hedge Funds, Obama, Paul Volcker, Reform, The Fed, The Treasury | Leave a comment

Video Proof That Ben Bernanke Should Be Fired Immediately

HS found a great video showing clips from Ben Bernanke and a bunch of other financial and media folks talking about how strong the economy was and how there was no housing bubble. I watched this video a couple of … Continue reading

Posted in Banking and Finance, Fresh Perspectives | Tagged Bailouts, Bernanke, Home Prices, Housing Bubble, Stimulus, Subprime Loans, TARP, The Fed, The Treasury | Comments Off

Are Loan Mods Making Things Worse?

Are loan modification programs and other extend-and-pretend policies making our Country’s housing situation worse? The New York Times reports U.S. Loan Effort Is Seen as Adding to Housing Woes The Obama administration’s $75 billion program to protect homeowners from foreclosure … Continue reading

Posted in Best Of The Storm, Fresh Perspectives | Tagged Bailouts, Extend and Pretend, Foreclosures, HAMP, Home Prices, Housing Bubble, Loan Modifications, negative equity, Obama, strategic default, Strategic Defaults, The Fed, The Treasury, Walk Away, Walking Away | Comments Off