Tag: subprime mortgage mess
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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, . . .
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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 . . .
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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 . . .
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December 23, 2008 08:49 AM EST --
There is a new poll from CNN which reveals an American public strongly disappointed in our financial establishment. 59% said that the U.S. government regulates financial firms too loosely, and 74% felt . . .
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January 29, 2008 10:16 PM EST --
Or is it? W is saying things are well in hand, don't worry. But of course that is a familiar phrase from him. Look at the facts.
Foreclosures in the USA rose 2007 over 2006. A total of 405,000 . . .
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February 12, 2008 02:37 PM EST --
Background: here in the USA we had about half a million foreclosed homes in 2007. It is quite possible that we may end up with twice as many in 2008, a cool million. It is important to prevent this bad . . .
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September 22, 2008 11:24 PM EDT --
Hey China, got another trillion for a cup of coffee?
In my humble opinion, the subprime mortgage mess, and its eventual result, the current financial firestorm and Supersized Bailout, are not completely . . .
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October 14, 2008 10:50 PM EDT --
http://www.businessweek.com/magazine/content/08_42/b4104036827981.htm?chan=magazine+channel_in+depth
It's a sad story. It is punctuated by City Councils and state attorney generals trying to . . .
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December 16, 2009 06:06 PM EST --
Tiger Woods' marriage is rumored to be on the rocks. I usually resist gossip, but my understanding of psychology says, this thing is probably unavoidable, the end of his marriage. In keeping with the . . .
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June 21, 2008 07:37 PM EDT --
George Soros, billionaire investor & philanthropist, has written a very short book (160 pages) in which he holds forth on the recent worldwide unpleasantness of credit markets. It has a rather dry . . .
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November 30, 2007 07:34 PM EST --
The Bush Administration is making the Noises That Go Before The Big Announcement. The Bush Banking guys are busily hammering out and agreement with the mortgage industry, that will be announced this week . . .
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June 05, 2009 07:44 AM EDT --
Angelo Mozilo, a former God of the subprime mortgage industry, had a nickname back in the day. People called him "Tangelo", because of his ridiculous orange tan. But Mozilo's exterior apparently was odd . . .
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January 07, 2008 10:02 PM EST --
I can't resist saying I told you so. Treasury Secretary Henry Paulson gave a speech today to defend the plan that the Bush administration has cooked up to solve the subprime mortgage mess. The plan . . .
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