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Abigail Caplovitz Field: The Mortgage Settlement Allows Banks to Steal Without Penalty

The consent agreements the bailed-out bankers (B.O.B.s), the feds and the states are largely as had been promised. One big surprise, however, is that the B.O.B.s would now be allowed to systematically overcharge borrowers and steal their homes. Seriously.
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MEGAN McARDLE: Europe Is Dying, And The World's Central Bankers Just Handed It A Band-Aid

Business & Finance : Business Insider: Money Game (3 years ago)

This morning, a group of central banks, including the Fed, announced coordinated action to ease the cost of currency swap lines in Europe. Essentially, these are facilities that allow local banks to borrow in dollars or yen or what ... Read Post

Large Bank Mortgage Cartels and Fed Economists

Business & Finance : Zero Hedge (2 years ago)

Jesse Eisinger has a great artice in the NYT, “After Bailout, Giants Allowed to Dominate the Mortgage Business,” which says a great deal about how the Fed looks at the economic world. Allow me to expand on Jesse’s work. The problem ... Read Post

Abigail Caplovitz Field: There's No Bank 'Settlement' -- That Was All Election PR

Business & Finance : Huffington Post: Business Blog (3 years ago)

What are "Agreements in Principle"? Everyone in the know knows there's no deal yet, just promises from the ever-so-trustworthy bankers and the Feds that cater to them. Read Post


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