Washington failed to act the first time around -- when lenders were engaged in a frenzy of predatory lending. The foreclosure scandal is a second chance for lawmakers to prove they can ferret out the truth.
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In a New York Times op-ed yesterday, Michael Burry, the reclusive hedge-fund manager profiled in Michael Lewis's best-selling "The Big Short," lambas...
Paulson made his bets in late 2006 just as the sub-prime mortgage markets were starting to weaken. His timing was impeccable, as was his luck.
As I toured the U.S. last week on the 11-state, 32-city "Keep it Made in America" bus tour. I talked to unemployed manufacturing workers who are desperate.
An improved disclosure policy requires a shift in thinking and a new business approach from the World Bank.
It is hard to tell if the newly dispossessed are all the victims of the subprime market. But whatever the actual demographics, the images and the stories are heartbreaking.
Many Americans bought their homes because they believed in the age old value of homeownership and thought it would make a sound investment.
In a major win for all consumers, Democrats in the House of Representatives voted Thursday to put Rep. Henry Waxman of California in charge of a key p...
The present economic collapse, which will surely devour more than a trillion taxpayer dollars within the next six months, utilized an earlier model -- the Savings and Loans swindle.
I was in a doctor's waiting room recently, listening to pundits on a big-screen TV, when a middle-aged man turned to me and stated:
"Too much spin."
Paulson avoided a straight answer with a flurry of "uh, uh, uh," halting phrases and contradictory assertions.
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