Posts tagged as:

loan recall

Statement From Michael Calhoun – President, Center for Responsible Lending

by Moe Bedard

WASHINGTON, March 19  /PRNewswire-USNewswire/ — The Federal Reserve Board has repeatedly tried since September to contain the foreclosure crisis damage that’s spreading rapidly into the general economy. It has lowered key interest rates a half dozen times and, to quote the Wall Street Journal, “undertaken the broadest expansions of its lending authority since the 1930s.” [...]

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Loan Recall – Should our government place a recall on ALL toxic mortgages?

by Moe Bedard

Johnny gets sick at McDonald’s from a double cheeseburger tainted with ecoli. Results, a massive recall of all beef associated with the meat packaging facility and eventually  the complete shut down of the company that sold the tainted beef to Johnny.
Meanwhile Johnny is OK now and still eating double cheeseburgers. The beef company is out of business. Kaput, el finished, sayonara, GOOD [...]

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