mortgage backed securities

The new god in business is Chairman Hank Paulson

How would you like it if all of a sudden, the government stepped in and decided to give your competition a few billion dollars- and make everyone else think your company is failing? That’s exactly what Hank Paulson and the Treasury department are doing to National City Bank- and Congress can’t get a straight answer. Read More

Why Johnny Q. Public can’t pay his mortgage but can bail out Wall Street

Our system is broke. It’s now as morally bankrupt as Wall Street. The American dream is now a complete and utter farce and the belief that the people we elect actually “represent” us should be forgotten as fast as they forgot us with this “bailout”. Johnny can’t pay his mortgage for a whole bunch of Read More