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Fresh Dispatches From The Culture Wars
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Category Archives: Financial Derivatives
Restoring Economic Facts
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Share the post “Restoring Economic Facts”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailGalleon Group LLC co-founder Raj Rajaratnam is guilty on all counts: Although Rajaratnam never testified at his trial, the jurors heard his voice on dozens of tapes, and they did not paint a flattering portrait. … Continue reading
Paving A Highway To Mogadishu
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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
Morning Awful: Who Owns My Mortgage?
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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
Foreclosure Fever
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
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The Fannie Mae, Freddie Mac Firebreak
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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
A Thank You Note To Mitch McConnell
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Share the post “A Thank You Note To Mitch McConnell”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail Senator, Thank you so much for achieving your 41-vote filibustering minority. You have reminded all of America which side you are on at the very instant the Obama administration has … Continue reading
Trembling Titans Of Wall Street?
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Share the post “Trembling Titans Of Wall Street?”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailIt seems the banks are suddenly rethinking their approach to the mortgage crisis. BOA and Citigroup now agree that judges should be able to fix a mortgage in bankruptcy court. Nasiripour reports: In … Continue reading
Sachs Socialism, Mind Bullets
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Share the post “Sachs Socialism, Mind Bullets”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailCompelled by a headline about Goldman Sachs CEO Lloyd Blankfein saying that he does “God’s work,” I pored through this article from UK TimesOnline and discovered a scheme to horrify the Ayn Rand set: … Continue reading
Imaginary Money
Share the post “Imaginary Money”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail While researching financial reform a while ago, I came across this amazing article from Bloomberg that had me Googling up the intertubes: Aug. 31 (Bloomberg) — Wall Street is suiting up for a battle to … Continue reading
Posted in Financial Derivatives, Financial Reform
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