Category Archives: financial crisis

Morning Awful: Freddie Mac

Posted on January 31, 2012 by Matt Osborne

Share the post “Morning Awful: Freddie Mac”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailPrivatized in 1968, Freddie Mac was late to the subprime game. Its status as a “government sponsored entity” gave it a certain chip on the shoulder about profitability — so it bought in big, … Continue reading →

Posted in financial crisis, financial regulation, Morning Awful, mortgage crisis, Obama's Wars | Tagged freddie mad, gses | Leave a comment

Bank of America Forgot to Bribe Obama

Posted on December 22, 2011 by Matt Osborne

Share the post “Bank of America Forgot to Bribe Obama”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailBank of America has agreed to a $335 million settlement over charges of racial bias. Two memes can be put to rest: one, minorities did not cause the meltdown — they … Continue reading →

Posted in financial crisis, financial meltdown, financial regulation | Leave a comment

Morning Awful: Paulson’s Goldman Sacking

Posted on November 30, 2011 by Matt Osborne

Share the post “Morning Awful: Paulson’s Goldman Sacking”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail Before Mayor Bloomberg defends Wall Street again, he should read his own media organization’s reportage about Bush Treasury Secretary Henry Paulson blabbing insider tips during the market meltdown: At the time Paulson … Continue reading →

Posted in financial crisis, Morning Awful | Tagged henry paulson | Leave a comment

Morning Awful: Predatory Lending

Posted on July 28, 2011 by Matt Osborne

Share the post “Morning Awful: Predatory Lending”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailRemember when the mortgage meltdown was blamed on ACORN and minorities taking out bad loans? This is why we need a Consumer Finance Protection Bureau: Wells Fargo & Co. (WFC), the biggest U.S. home … Continue reading →

Posted in financial crisis, Morning Awful, mortgage crisis | Tagged banks, consumer rights, lawsuit, predatory lending, racial bias, Wells Fargo | Leave a comment

The Culture Of Criminal Capital

Posted on January 25, 2011 by Matt Osborne

Share the post “The Culture Of Criminal Capital”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailMuch to everyone’s surprise, HuffPo’s Shahien Nasiripour reports, the Financial Crisis Commission has ended its work by referring Wall Street malfeasance to prosecutors: Richard Bowen, former chief underwriter for Citigroup’s consumer-lending unit, testified … Continue reading →

Posted in financial crisis, Financial Reform, financial regulation | 1 Comment

Paving A Highway To Mogadishu

Posted on January 13, 2011 by Matt Osborne

Share the post “Paving A Highway To Mogadishu”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail Bad enough that continuing foreclosure turmoil is dragging the housing sector down; now we’re facing a municipal debt crisis: As cities across the nation face increasing budget strains, the vocal group of … Continue reading →

Posted in financial crisis, Financial Derivatives | Tagged cities, civilization | Leave a comment

Wiki Cables Were Chaff; Target BOA; Is MERS On Deck?

Posted on December 1, 2010 by Matt Osborne

Share the post “Wiki Cables Were Chaff; Target BOA; Is MERS On Deck?”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailI was right, the US diplomatic cables were timed to the Forbes article — and Assange has Bank of America in his sights. Wikileaks often runs into problems … Continue reading →

Posted in financial crisis, financial meltdown, open source intelligence | 23 Comments

Morning Awful: Who Owns My Mortgage?

Posted on November 17, 2010 by Matt Osborne

Share the post “Morning Awful: Who Owns My Mortgage?”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailIn order to create the 2008 financial crisis and credit meltdown, a gigantic machine for making money out of money out of money first had to be invented and constructed, invisible to … Continue reading →

Posted in credit crunch, financial crisis, Financial Derivatives, financial meltdown, Morning Awful | Leave a comment

Where Bloggers Go Wrong, I Think

Posted on October 12, 2010 by Matt Osborne

Share the post “Where Bloggers Go Wrong, I Think”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailDavid Axelrod has been floating the idea that banks just need a little more time, is all, after banks spent the last 27 months avoiding responsibility for mortgage fraud, therefore a national … Continue reading →

Posted in financial crisis, financial meltdown, Financial Reform, firebaggers | Tagged mortgage fraud | Leave a comment

Foreclosure Fever

Posted on October 11, 2010 by Matt Osborne

Share the post “Foreclosure Fever”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailThe president used his “pocket veto” last Friday to strike down an ugly bill that would have let banks foreclose on homes with out-of-state notaries. This was the banks’ way of trying to deal with all … Continue reading →

Posted in financial crisis, Financial Derivatives, financial meltdown, Financial Reform, financial regulation | Tagged foreclosure, MERS | 1 Comment

The Fannie Mae, Freddie Mac Firebreak

Posted on May 10, 2010 by Matt Osborne

Share the post “The Fannie Mae, Freddie Mac Firebreak”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailCan we just review one important fact about these two institutions before we have a Senate debate on them? They were both privatized in 1968 — a fact central to the story … Continue reading →