Tag Archives: Bailout

Jeb’s New Boss?

Lehman Brothers’ investment management business had two famous employees when the firm sank beneath the asphalt of Wall Street. President Bush’s brother Jeb worked for Lehman’s private equity group, while cousin George Herbert Walker was global head of investment management. … Continue reading

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Mass Production Vs. McMansions – When U.S. housing recovers, the leading homebuilders may not be the ones to benefit

Maurna Desmond – 11.20.08 The big American homebuilders have dug themselves into a hole from which they may not emerge for years. Having been abettors and subsequently victims of the U.S. housing bubble in the early years of this decade, … Continue reading

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Homewreckers Cisneros & Martinez

By Kenric Ward Anatomy of a real-estate debacle: • Mel Martinez, secretary of Housing and Urban Development from 2001-2003, rewrites federal regulations to allow mortgage brokers to gouge unsuspecting applicants, rake in kickbacks and inflate the housing bubble. • After … Continue reading

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Are You an Idiot to Keep Paying Your Mortgage?

Kathleen Pender San Francisco Chronicle November 19, 2008 Should you keep paying your mortgage? If you have significant equity in your home, absolutely. If you don’t, it’s getting harder to answer that question, especially when our government keeps giving people … Continue reading

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FHA’s ‘HOPE for Homeowners’ Program Appears Hopeless

by Sharona Coutts, ProPublica – November 14 In its first two weeks of existence, the Federal Housing Authority’s HOPE for Homeowners program, meant to help as many as 400,000 homeowners avoid foreclosure, has fielded a grand total of 42 applications. … Continue reading

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