Tags » Mortgage Crisis

The U.S. Government Bank Prosecution Racket

A recent Wall Street Journal article highlighted the astounding value of $110 Billion that various federal and state governments have received from their prosecution of banks for their alleged part in “creating” the conditions for the mortgage-induced financial market crash that led to the Great Recession.  897 more words

Economics

Leadership: Role and Regulator

Leaders must have two criteria: morals and ethics. They must have morals. Morality is a construct that is within a person who harbors a set of values.   525 more words

Business Ethics

The Big Short

In the final moments of The Big Short, the intelligent and stylized argument that filmmaker Adam McKay slowly builds from the opening frame — an argument that effectively unmasks, not simply the unethical, but the institutionalized criminality that exists at the epicenter of global financial markets — is completely lost. 1,049 more words

The Big Short: A Movie Every Economic Developer Should See

Much of what occurs on Wall Street and within the global financial world is Enemy #1 of local economic development. Don’t believe me? See the movie The Big Short.   262 more words

2007 Great Recession

Take a Load Off Fannie - Salvaging the Mortgage Giants Without Bankrupting the Taxpayers

Fannie Mae and Freddie Mac own or guarantee nearly half the $12 trillion U.S. mortgage market. Not long ago, they were the darlings of Wall Street, ranking next to U.S. 2,560 more words

"The Big Short" is Big Entertainment

I don’t like a lot of movies a lot, but I’d say I love “The Big Short” were I not prone to understatement.

In case you don’t know, it is about the collapse of the housing market in 2008 and under most circumstances it would never have become a movie.  366 more words

Truth/Trust/Spin