The Bush Subprime Bailout: Limited Surge or Taxpayer Quagmire?

Ick! The Ownership Society of crap mortgage lending that President Bush pushed so assiduously has gone and done an Iraq on the carpet. Attention taxpayers and homebuyers dumb enough to save for real down-payments. The roar you hear at the door is Dubya with a wallet-sucking...

Mortgage Fraud Addicts of the Empire State

Poor mortgage fraud. It still doesn't get the big eyeball. What does a white collar crime have to do to get real paparazzi action? Sleep with an A list celeb and become rehab material? OK. If that's what it takes here goes: according to the FBI, mortgage fraud is hooked up...

Alt-A Reality and the Subprime Rescue Mission

The United States of Real Estate continues to suffer from subprime mortgage sickness. Now spreading into Alt-A territory. Until recently the risk to Alt-A was pooh poohed. Financial institutions with Alt-A exposure declared it a step up from subprime. Now seers say watch...

The Subprime Tsunami Awards

In 1998 "Titanic" swept the Oscars. "Subprime Tsunami" can expect no such honors. Sure, some players may get indictments and be hustled out of their offices by government suits but it's not the same. Time to create a special award for subprime talent. Since the Golden Turkey...