Category Archives: Housing Market

What Could Go Wrong?

This may be the most disturbing story I’ve read today. You should visit Mother Jones for the full report, but the gist is that Wall Street has cooked up a new form of securities that could be just as volatile … Continue reading
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Posted in Economy, Housing Market | Tagged , , | 10 Comments

Today in Racism

Here’s the cover for the next issue of Bloomberg’s Businessweek There are several problems here from the facial expressions to the exaggerated lips, but more importantly — this cover implies that minorities caused the housing market crash during the tail … Continue reading
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Posted in Housing Market, Racism | Tagged , | 22 Comments

A Floating Sewer

Artist – Bob Englehart In other news, home prices reportedly went up in 88 percent of U.S. cities in the fourth quarter of 2012, marking the biggest gains in the housing market since 2005. Continue reading
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Posted in Housing Market, Open Thread | Tagged , | 5 Comments

50 Years of Foreclosure

From the department of “Holy Shit.” A new USA Today report suggests the consequences of the Bush “Ownership Society” and Wall Street’s mortgage-backed security scam could be with us for many years. Perhaps even 50. USA Today reports on new … Continue reading

Posted in Housing Market | Tagged , , , | 13 Comments

Where In Mayor Bloomberg Says Stupid Things

I’m still trying to wrap my head around how a man, who is clearly not a dummy, could say something this, well, dumb. “I hear your complaints,” Bloomberg said. “Some of them are totally unfounded. It was not the banks … Continue reading

Posted in Housing Market | Tagged , , , , , , | 9 Comments

Better Late Than Never

Good news, federal lawsuits are being filed against mortgage villains Bank of America and Goldman Sachs, among others, for their role in marketing worthless mortgage securities to investors. The United States plans to file lawsuits against more than a dozen … Continue reading

Posted in Housing Market | Tagged , , , | 6 Comments

Foreclosing On Bank of America

After foreclosing on a couple who didn’t even have a mortgage, Bank of America got more than they bargained for. Florida homeowners Maurenn Nyergers and her husband paid for their home in cash, and never took out a mortgage, so … Continue reading

Posted in Housing Market | Tagged , , | 4 Comments