Posts tagged as:

subprime mortgage

September 24, 2008

Q&A: How bailout affects consumers | startribune.com

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Let’s all play Wall Street Reckoning

September 24, 2008

Every Senator and Representative should talk this tough.  Sen. Dodd and Rep. Frank – you listening?

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Racial bias in mortgage lending

August 1, 2008

It should come as no surprise to anyone that despite laws against discrimination in lending and a few lawsuits, race still plays a role in the quality of loan a person gets. A new report by the National Community Reinvestment Coalition (NCRC) shows that minority consumers, regardless of income level, are most at risk of [...]

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Bank of America to pay two Countrywide execs $19 million for running company, economy into the ground

March 30, 2008

In an odd sort of thank-you note, Bank of American will give two top Countrywide executives, CEO Angelo Mozilo (pictured) and President David Sambol, $19 million in stocks. Bank of America took over Countrywide, the company made famous by writing loans all but guaranteed to fail. Countrywide’s loose lending habits were a significant contribution to [...]

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Arbitration fairness: “Party at Ralph’s” vs. “Party at Joan’s”

November 17, 2007

Noam Chomsky used to recommend the Wall Street Journal because, he said, business readers couldn’t afford biased news and commentary. No more, it seems. The recent WSJ editorial “Party at Ralph’s” (PDF link) contains little but inaccurate, biased garbage.
I was there, “standing up for the little guy by sipping cabernet at a Dupont Circle manse [...]

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