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Sub Prime Mortgages

Why Haven't Any of the Sub-Prime "Criminals" Been Jailed?

Jack M. Guttentag | Posted 07.28.2013 | Business
Jack M. Guttentag

I think that the most obvious answer is the correct one: the authorities were not able to find sufficient evidence of criminal behavior in any of the cases they investigated, and they investigated many, because there weren't any to be found.

Saving Fannie and Freddie -- Part II

Harlan Green | Posted 07.11.2013 | Business
Harlan Green

The FHFA just announced that it will no longer allow Fannie and Freddie to purchase or guarantee so-called "non-qualified" mortgages with more than 30 years amortization or that have interest only payments, among other restrictions.

Wall Street's Bamboo Lounge Bust-Out

Joel Sucher | Posted 07.08.2013 | Business
Joel Sucher

Anyway, I never gave much thought to Goodfellas being a cinematic template for the kinds of schemes, scams and financial shenanigans pulled off by the Wall Street mob until recently.

Third World America: Is Living a Normal Life a Political Statement?

Don McNay | Posted 05.25.2011 | Impact
Don McNay

America is going through economic chaos. But a lot of other things are going on, too. There aren't enough of us living normal, stable lives.

When a Bank Is too Big to Hide

Sanford D. Horwitt | Posted 05.25.2011 | Business
Sanford D. Horwitt

It may be needlessly costly for a big bank to hide from determined, aggrieved adversaries who hold the moral high ground.

The $20 Billion Gamble: The Greatest Coup in Financial History

Blake Fleetwood | Posted 05.25.2011 | Business
Blake Fleetwood

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.

U.S. Mortgage Fraud Remains at Epidemic Levels

Pat Choate | Posted 05.25.2011 | Business
Pat Choate

Nothing can better send a message to the world that the United States is serious about restoring the integrity of its money industry than by banning from it the prominent people who deceived the nation and the world.

The Parable of the Unmerciful Bankers

Jim Wallis | Posted 05.25.2011 | Business
Jim Wallis

It's estimated that the bonus pool of just one of these big banks would have been enough money to prevent or significantly delay foreclosure for all 2.3 million people who lost their homes last year.

Playing the Hand that Life Deals You

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

I've dealt with hundreds of parents of special needs children. They take the hand that is dealt to them. And usually turn that hand into aces.

Returning to the Scene of the Crime

Andrew Reinbach | Posted 05.25.2011 | Business
Andrew Reinbach

We can expect a new wave of mortgage-backed bond defaults to hit the headlines any day now.

Getting Rich and the Marshmallow

Don McNay | Posted 05.25.2011 | Business
Don McNay

We have a financial system that has played to people's weaknesses. We have allowed people who are prone to instant gratification to have as much credit as they could get their hands on.

A Fat Guy's Prediction: We Need Leadership or We Will Fall Off the Economic Wagon

Don McNay | Posted 05.25.2011 | Business
Don McNay

Unless someone is capable of changing the American psyche, people are going to go back to their old spending habits.

No Hoax: Pass Employee Free Choice Act to Revive Economy

Leo W. Gerard | Posted 05.25.2011 | Politics
Leo W. Gerard

Workers must vanquish the new hoax being perpetrated by conservatives, greedy CEOs and other labor union-haters. Workers must win the freedom that they had in 1935 to choose how to form their unions.

12 Percent Are Behind On Mortgage Or In Foreclosure

AP | J.W. ELPHINSTONE | Posted 05.25.2011 | Business

NEW YORK — Foreclosures are spreading by epidemic proportions, expanding beyond a handful of problem states and now affecting almost 1 in every ...