Posts Tagged ‘regulation’

Fed to Issue New Mortgage Lending Regulations Next Week | Consumer Law & Policy

Recognize this pattern? Industry promises that freedom from regulation will lead to lower prices. Government goes along with the plan. Then industry jacks up prices now that nobody can tell it not to. Typical. Report: cable more expensive in wake of FCC franchise reform | Ars Technica

I recently had the privilege of attending a small conference at UMass/Amherst in honor of progressive financial guru Jane D’Arista. Details about the conference (The Political Economy of Monetary Policy and Financial Regulation) and about its sponsor, the Political Economy Research Institute (PERI), are available here.
Jane worked for a dozen years as a key [...]

It is getting time for a complete overhaul of the whole housing market in the US, rather than just messing with edges. Two different stories in the Minneapolis StarTribune this morning illustrate why.
First is the story about all the people applying for Section 8 assistance. Recently about 3,700 people took applications, for one of [...]

The NYTimes has a piece on the 5th Annual Conference of the American Securitization Forum held in Las Vegas. These are the guys who played a major role in bring us the current foreclosure mess. Well while the rest of the country and the world for that matter mucks its way out of the mess [...]

In today’s StarTribune there is an opinion piece by Steve Chapman in which he complains that many of the solutions coming out for the subprime mess are misguided because “they punish lenders for the failings of borrowers. Why should someone who has kept the terms of a contract be penalized for the benefit of [...]

The New York Times has a good piece on the total lack of interest on the part of Washington to listen to the many voices of reason who were warning about the subprime crisis. I think overall though it lets the Feds off too easy, especially Alan Greenspan. The discussion with Greenspan has some interesting [...]

Where has the Fed been? This is a good example of why federal preemption of banking regulation or any regulation is such a bad idea. We have a national problem causing havoc across America and we have to wait for Attorney General Andrew M. Cuomo of New York to subpoenaed major Wall Street firms [...]

The StarTribune reported today on another criminal investigation of mortgage fraud. While it is a good thing that someone is going after these people for the fraud they have committed, it would have been much better if someone had been guarding the hen house in the first place. The eggs are now gone and a [...]