The federal government’s case against banks for duplicitous and potentially illegal mortgage practices may be reaching an unsatisfactory final settlement even as one of the largest perpetrators of foreclosure fraud takes outrageous steps to block further investigation into their actions at the height of the housing crisis. Tens of millions of homeowners remain “underwater,” owing [...]
Posted by Matt Parker at 5:31 pm Tagged with: 2012 Election, Arizona, Bank of America, Banks, Big Banks, Corporations, Financial regulation, Foreclosures, Housing, Mortgage crisis, Mortgage Fraud, Obama, Wall Street
Executives at two giants of the US mortgage industry were fingered by the federal government as perpetrators of fraud in one of the few cases ever to come out of the 2008 financial meltdown despite its consequences nearly bringing down the global economy. And in a political twist, President Obama and his potential election challenger [...]
Posted by Matt Parker at 6:17 pm Tagged with: 2012 Election, Bailouts, Economy, Fannie Mae, Freddie Mac, Housing crisis, Mortgage crisis, Mortgage Fraud, Newt Gingrich, Obama, Obama Administration, Republicans, Wall Street
Wednesday night’s final presidential debate (whew!) set a new standard of excellence in terms of the demeanor of the moderator as well as the debaters. The genial, fair and unobtrusive moderation by Bob Schieffer helped the combatants to get through some troubled waters with an admirable degree of civility. I wish I could say as [...]
Posted by Jerry Rose at 5:54 pm Tagged with: 2008 Election, Economy, McCain, Mortgage crisis, Obama

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