Tag: subprime
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September 19, 2008 12:38 PM EDT --
This is the complicated story of how Congress' recent $300 billion housing bill is a theft of taxpayer money.
The Great Swindle: How housing bill helps banks, not taxpayers . . . more
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September 02, 2007 06:20 PM EDT --
I watch CNBC a good amount. I've even tried to get a grasp on how big of a problem
the Jumbo loan phenomena was. I could have gone to the countrywide storefront in . . . more
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December 24, 2007 10:37 AM EST --
Those presents under the tree, were they funded by your credit card? Speaking of the credit card, what's your balance? And what's the interest rate? I realize that these questions . . . more
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February 06, 2008 09:16 PM EST --
Take a break from the election news and speculation with me for a moment, please. A couple news items this week lend credence to the concept that the recession that we fear is not a future possibility, . . . more
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March 29, 2008 10:00 PM EDT --
Countrywide CEO Angelo Mozilo is set to receive $10 million according to documents Bank of America filed this week with the Securities and Exchange Commission. This compensation is tied directly . . . more
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May 05, 2008 05:56 PM EDT --
With consumer prices climbing and the end of the mortgage meltdown nowhere in sight, it becomes tempting to counsel those trapped in predatory home loans to walk away. After all, the creditors who made . . . more
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May 14, 2008 10:41 AM EDT --
I received a letter yesterday. Here it is:
Dear____________
"Wouldn't you like to have extra cash at the end of every month? At Countrywide Home Loans, we know how hard you work for your . . . more
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September 15, 2008 09:23 PM EDT --
Over the weekend on the Gulf Coast of the United States, a few million people did their best not to drown in Hurricane Ike. While they were having their hurricane party, some in the world of high finance . . . more
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November 27, 2007 10:09 PM EST --
This particular piece of news baffled me a bit today. Citigroup, USAs biggest bank, is hitting a bump in the road because of the subprime mortgage mess. So they worked up a deal whereby they sold 5% of . . . more
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December 11, 2007 10:21 AM EST --
Americans dream of homeownership, and over the past few years many people thought they’d gotten a piece of the pie. That is, until their subprime mortgages payments – many too low to . . . more
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January 13, 2008 04:12 AM EST --
After nominations from the public, the American Dialect Society voted last week to choose their 2007 Word of the Year .
The Winner is : subprime : "an adjective used to describe a risky . . . more
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January 23, 2008 12:32 PM EST --
I put my house on the market today. There are those who say I am panicking, but others agree it is a prudent thing. I feel queasy, like I'm watching this happen in a dream. I have lived on Vashon . . . more
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May 27, 2008 07:37 AM EDT --
I urge you all to visit npr.org today and listen to the story on the role played by investment banks in the subprime mess. They had an interview with a woman who served as a loan auditor for an investment . . . more
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June 22, 2008 11:17 AM EDT --
An article in the latest online edition of Time magazine notes that nearly 9% of all U.S. mortgages--or 4.8 million loans--are past due or in some stage of foreclosure. If you are a member of one of those . . . more
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December 30, 2007 05:24 PM EST --
This may or may not be true. We could see this quickly deteriorate. But if w're really expecting big problems with housing, or loss of populations to baby boomers dying off, might a consideration . . . more
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February 16, 2008 01:13 PM EST --
I've read more than a few commentaries about how you couldn't blame the subprime crisis on Bush. Hooey, in fact he encouraged all manner of other preditory lending practices as well. The other . . . more
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June 15, 2008 09:29 AM EDT --
Former Texas Senator Phil Gramm is co-chair of John McCain's election campaign, as well as well-paid executive at the Swiss (?) Bank UBS Warburg. He has been mentioned as a possible Treasury . . . more
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July 14, 2008 06:14 PM EDT --
Let's all give a hearty hoo-rah for the Federal Reserve, which is expected to approve rules that protect homebuyers and investors from dishonest lenders. Give Mr. Bernanke the big blue ribbon for being . . . more
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September 08, 2008 06:24 PM EDT --
On Sunday, the Federal Reserve announced a bailout of the lending giants Fannie Mae and Freddie Mac. The announcement was a mere formality, after weeks of rumors that the two companies were in trouble. . . . more
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August 13, 2007 01:13 AM EDT --
Tennessee Ernie Ford sang a song that went like this:
"Sixteen tons, what do you get?
Another day older and deeper in debt,
ST. Peter don't you call me
'Cause I can't go
I owe my . . . more
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