The Frank and Dodd regulatory reform bills are terribly drafted provisions which will strike a death blow to "main street" lenders and hand over a multi-trillion dollar mortgage market to a few large financial institutions.
In all the talk about budgets and dollars and cents and how much to spend on homelessness, it's important to remember the human beings we are making decisions about.
At the end of the day, don't succumb to populist panic. Capitalism works and is on its way to a recovery if we just sit back and let it happen.
I wanted to enjoy my fleeting feelings of karmic payback, knowing how many toxic loans were closed in these cavernous offices. Instead, I pondered: how many jobs in our altered real estate landscape were lost and gone forever?
The real surprise is not that FHA might need an infusion of funds in the midst of an historic disruption in the housing market, but that it has fared so well until now compared to private bank lenders.
As much as anything, what killed Lehman was Dick Fuld's emasculation of the risk management function, which served as a moral compass.
The Mormon church for the first time has announced its support of gay rights legislation, which helped gain unanimous approval for Salt Lake city laws banning discrimination.
Whether it is Goldman Sachs' central role in the subprime crisis, handing out hundreds of millions in bonuses soon after receiving a $10 billion taxpa...
If history is any guide, the recovery in jobs will trail the economic indicators, and the recovery for black workers in higher wage brackets will trail even further.
In a rare glimpse behind the closed-doors of The Federal Reserve, Chairman Ben Bernanke released a snapshot of the economy they have been looking at for months.
Only yesterday Hachette Filipacchi Media U.S. announced the closure of the magazine fondly known as Met Home to the urban, sophisticated home decor cognoscenti.
Our Chairman, Who Art At Goldman, Blankfein Be Thy Name.
L'Osservatore Romano is reporting that Goldman Sachs is indeed Doing God's work, and His Former Holiness Joseph Ratzinger has confirmed the unsolicited hostile takeover.
Goldman executives had argued that the deal would provide much-needed capital to Fannie Mae, which it could use to finance additional low-income housing.
Some years ago, I went on a "positivity" course. My sister had died, my father had died, and I'd had cancer, and a broken heart, and I wasn't, quite frankly, feeling that cheerful.
If buyers can't buy, the real estate market stays in a sinkhole. Can't the assholes in Washington understand that they really, really need us to save the market?
Earlier this week, we heard from more than 100 advocates and Latino community leaders from throughout the nation who participated in a national call h...
Our politicians are fooling us with legislation that looks like stimulus, but sure doesn't quack like one.
Our fearless leaders and elected officials don't really seem to have much to say when it comes to hundreds of foreclosures a week - and that's just in their own districts.
Investor Whitney Tilson has another take on the August house-price numbers, which sent housing bulls into spasms of glee a few days ago.
