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The housing market collapsed in 2008. Depending upon your political persuasion, we either got there because of greedy bankers, or because the federal government (i.e., Fannie Mae and Freddie Mac) lowered credit standards. Apparently, your government is urging a repeat performance.
There was an interesting article in today’s Boston Globe entitled, “4 Mass. banks get $18m from US”. It really should have been titled, “4 Mass. banks get $18m from us, but, that is not the reason for the post.
Did anyone notice the big drop (more than 3.5%) in the stock market as of Monday’s close? As the financial stocks seem to have been the hardest hit, the better question, however, is “why”? Well, it seems that this weekend, the latest administration news “leak” landed with a thud, causing an even louder thud on…
This is about when I would start looking for the lifeboats. Joe “F off” Biden tells CNN in one of the longest most excruciating answers to a simple question I have ever heard, says no, Obama does not intend to fire CEOs at the banks. This coming on the heals of Tres Secretary Geithner telling…
Just in case you were wondering if the CEO of General Motors is the only one facing the guillotine (figuratively of course).