Ninja Loans

They Keep Stealing -- Why Keep Paying?

Dylan Ratigan | Posted 05.25.2011

Read More: Lobby, Durbin, Bailout, Financial Reform, Secretive Bailouts, Ceo, Clawbacks, Bonuses, Ninja Loans, Subprime Borrowers, Wall Street Bonuses, Business News
Dylan Ratigan

Nearly a quarter of all Americans are currently underwater in their mortgage, and if you are one of them, chances are you didn't do anything wrong. You didn't cause this mess. They did.

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Where Elizabeth Warren Got It Wrong

Jason Paez | Posted 05.25.2011

Read More: Elizabeth Warren, Ninja Loans, Wall Street, Corporate Fiduciary Responsibility, Financial Reform, Ben Bernanke, Jamie Dimon, Capitalism, Option Arms, Representative Democracy, Polifinance, Business News
Jason Paez

The simple truth is that when American corporations pursue profit -- successfully or not -- as long as they stay within the law, they are functioning exactly as we designed them to.

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"Liar Loans" Threaten To Prolong Mortgage Crisis

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: Liar Loans, Ninja Loans, Mortgage Crisis, Housing Crisis, Bad Loans, Home Loans, Bad Home Loans, Housing Market, Business News

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...

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