Posts tagged as:

wall street bailout

Wall Street outrage continues

by Moe Bedard

PRESIDENT OBAMA is far too absent of outrage over Wall Street’s continued abuses. As a candidate, he railed against its “greed and irresponsibility.’’ He had more to say in his first month in the White House, after finding out that Wall Street firms were still paying $18.4 billion in bonuses despite bringing America to its [...]

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The $700 Billion Bailout of the Secret Shadow Banking System

by Moe Bedard

By Moe Bedard

There are over 8,000 US Banks insured by the FDIC operating across the country and the reports coming from these banks are actually good. Most of the 8,000 banking institutions are doing fine because they do not have huge problems with toxic mortgage portfolios. Nor do they have loan portfolios full of cancerous pay option mortgages.
The sector that [...]

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Even with bailout, mortgage delinquencies will likely worsen

by Moe Bedard

The “proposal is positive for the housing market to the degree that it shores up the banks’ ability to lend and prevents banks from closing their doors, that is key to finding stability for the housing market,” says Susan Wachter, professor of real estate and finance at the University of Pennsylvania’s Wharton School. “But it [...]

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The Mortgage Servicing Sector Has Failed & Is In Complete Chaos

by Moe Bedard

The facts remain that without provisions mandating loan workouts and loan modifications, increased regulation on mortgage servicers, servicer accountability and without complete 100% control of these mortgages, themselves, this bailout plan WILL NOT work.
Well, at least for the people on Main Street losing their homes.
The proposed $700 bailout proposed by U.S. Treasury Secretary Henry Paulson, in [...]

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