Key quotes from 2012 State Of The Union address

We watched predatory lending, and watched the mortgage crisis build. Most people did not realize financial folly would lead to a crisis of great proportion, but we did. Here at Mortgage Crisis Daily we documented abuses and changes to laws that permitted abuse in mortgage and lending. At least five years have passed since the …

Editorial – The History of Subprime and Predatory Lending :: Financial Scams

The History of Subprime and Predatory Lending Many other countries have not gotten down to the dirty task of lending money for housing to people who can’t afford it and then financially leveraging the loans to create billions in false value. That’s what the U.S. has done and it has the potential to impact people …

Where was the Fed during Enron, subprime, and Madoff?

In an article by JON HILSENRATH that appears in the Journal, we note that World Bank President Robert Zoellick questioned the wisdom of giving the Federal Reserve more power over banks, as the Obama administration has proposed. In the text of a speech he is to deliver Monday at the Paul H. Nitze School of …

History of Subprime and Predatory Lending

Many other countries have not gotten down to the dirty task of lending money for housing to people who can’t afford it and then financially leveraging the loans to create billions in false value. That’s what the U.S. has done and it has the potential to impact people around the world. The U.S. subprime market …