Loan Modifications And The New Predators
by guest author Wizcon
It is never ending. Throughout the housing bubble, I would arrive at the homeowner’s house and watch as they refinanced their homes with adjustable rate loans and tap into the equity on their homes for the lamest reasons. A new SUV, vacation, go to the casino, top [...]
It doesn’t really come as a surprise that the market is being manipulated, it’s just a surprise that someone finally admitted to the manipulation.
In light of the current economic crisis, and with the hullabaloo ignited recently by Jon Stewart over the accuracy of CNBC’s reporting, we thought it might be useful to revisit this shocking [...]
Rep. Gary Ackerman, D.New York 5th District, grills the SEC at the Wednesday Financial Services subcommittee hearing, “Assessing the Madoff Ponzi Scheme and Regulatory Failures.” Ackerman blasts Lori A. Richards, SEC Director of Compliance, Linda Thomsen, SEC Enforcement Director, or Andy Vollmer, SEC Acting General Counsel, for not answering the Subcommittee’s questions or taking responsibility [...]
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