Liar Loans

Q&A with Housing Bubble Forecaster Dean Baker

Leo W. Gerard | Posted 04.02.2009 | Business


Leo W. Gerard

Baker: "For most economists, the idea that a market would take leave from its senses -- that it would be driven by speculation -- is almost inconceivable."

"Liar Loans" Threaten To Prolong Mortgage Crisis

AP | ALAN ZIBEL | Posted 09.18.2008 | Business


In the mortgage industry, they are called "liar loans" _ mortgages approved without requiring proof of the borrower's income or assets. The worst of t...