Eavesdropping on Business-Speak, by John Stodder
Posted in Economics, Finance, Housing, U.S. Government on Mar 5th, 2008
Michael Barr and Laura Tyson take their campaign for a New Deal-inspired plan to avert foreclosures to the Financial Times’ Economists’ Forum blog. Their plan, developed via the Center for American Progress, would have troubled mortgages auctioned off to FHA lenders, Fannie Mae and Freddie Mac, which would in turn restructure the loans so […]
The banks who so helpfully loaned money to unqualified buyers are suddenly feeling house-poor themselves, says City Journal’s Nicole Gelinas in the Wall Street Journal.
(S)ome borrowers, even those who can theoretically afford to keep their homes, realize they owe much more than what comparable houses in the neighborhood are selling for — […]
Let’s do a quick tour of what’s being said about Bank of America’s purchase of Countrywide.
The press release is always a good place to start. What do the principals want you to think? What are they willing to say in the face of all evidence to the contrary? First, the lede:
Bank […]
Posted in Dolan Media, Housing, Technology on Dec 10th, 2007
First of all, there’s a new home for On the Record, the blog for Maryland’s Daily Record. Click here to read it and then click on the feed for your reader. It’s a widescreen blog with a great masthead and some useful new features….
To celebrate the new look, they’ve posted some good stuff lately. […]
Treasury Secretary Henry Paulson’s idea for rescuing subprime borrowers from foreclosure was announced in a speech today:
The freeze would apply to adjustable-rate mortgages originated between Jan. 1, 2005, and July 31, 2007, which would reset between Jan. 1, 2008, and July 31, 2010. The program is designed to help those with two-year or three-year low […]
Posted in Dolan Media, Energy, Environment, Fiscal Policy, Health Care, Housing, Insurance on Dec 3rd, 2007
Sorry to have been such a quiet poster the past few days…been under the weather.
Here are a few stories from Dolan Media I wanted to get out of bed for.
The state-run Healthcare Group Arizona was supposed to be a self-sufficient health insurance plan for small businesses. Instead, “it’s in financial meltdown,” according to a […]
Posted in Dolan Media, Housing, Law, Marketing, Politics, Professional Services on Nov 16th, 2007
Long Island Business News’ publisher John Kominicki uses the announcement of FTC fines against telemarketers that defy the Do-Not-Call list to illustrate the maxim No good deed goes unpunished:
To be honest, it’s the not-for-profits that bother me the most. My wife and I give to many causes, but we like to do it locally and […]
Posted in Dolan Media, Employees, Housing, Law, Trade on Oct 29th, 2007
If it helps the state of Louisiana to give a tax break for shopping, for movie tickets, and for theatrical productions, our blogger in New Orleans, Deon Roberts wants to know why not give a tax break to the real drivers of the Crescent City’s post-Katrina recovery — the people who decided to come back […]
You don’t want ACORN after you. They are relentless. They are the heir of Saul Alinsky, the most pragmatic and successful radical organizer of the 20th century.
ACORN’s been howling about subprime lenders — “predatory” lenders, “loan sharks” — for years. Now, even Alan Greenspan might have to tip his cap to […]
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