"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
A McClatchy investigation has found that Moody’s punished executives who questioned why the company was risking its reputation by putting its profits ahead of providing trustworthy ratings for investment offerings. This is just more proof, if any still is needed,…
American Casino movie trailer from Leslie and Andrew Cockburn on Vimeo. “American Casino is a powerful and shocking look at the subprime lending scandal. If you want to understand how the US financial system failed and how mortgage companies ripped…
Photo. qwrrty Creator of subprime monster ‘dismayed’ The computer programmer who created the original mortgage bundling software wonders how it ever got so crazy, saying “the software turned out to be more sophisticated than the people using it.”
With billions of Option ARMs due for recast in 2009 and 2010 another crisis is on the making. But this time problems are expected to be more pronounced than the subprime crisis since the economy is already nearing its trough,…
It’s too bad that tens of thousands more will be losing their jobs at Citigroup. The stock is cratering and Citi will cease to exist soon and then be scavenged by vultures. Citi wasn’t just stung by subprime, they had…