Posts tagged "loans"

Hey, GOP: Don't screw up the economic recovery.

The good news: Americans have started borrowing again. The bad news: Americans have started borrowing again. Actually, it’s big news, whether good or bad, because it represents a major change in consumer behavior since the economy began tanking in 2008. It means that for whatever reason, borrowers have enough confidence to once again go into... Read more »

Why is Illinois Using Credit Default Swaps?

You remember credit default swaps, right, the financial “instrument” that pricked the housing and economic bubbles? Illinois is “enjoying” the same kind of debt bubble that led the nation into its current financial mess. I call it a debt bubble because if all the borrowing that the state does to keep it afloat ever becomes... Read more »

Barney Frank never learns

Barney Frank Rep. Barney Frank, the Massachusetts Democrat who did his part to engineer the home mortgage meltdown is at it again. It wasn’t enough that Frank, from his position as a powerful House committee chairman, pressured banks into making home loans to people who weren’t qualified. Now, his solution, is to pressure banks into... Read more »
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