Ben-Bernanke

“You Think!”–A Mantra For The Age Of Foreclosure

by Charles Feldman | October 26, 2010

“You think!” This is a phrase that will come up often in this post. And, the cool part is–it’s actually a cue for YOU to take part in this blog. That’s right. YOU get to participate. First, how about a trial run. On the count of three. One! Two! Three! “You think!” Not bad. Though, [...]

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Commentary

Bailout Economy Has Roots In Obscure Law

by Rob K. Blake | May 31, 2009

Many believe the mortgage and housing crisis which triggered an impending financial system meltdown according to the former Treasury Secretary, Hank Paulson, would need a Congressional “blank check” to avert disaster. At least, that is what Ben Bernanke and Mr. Paulson told Congress who then gave them the “bailout bill” including the $750 Billion asked [...]

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Blogs

Back To Reality, Foreclosure Moratorium Ends

by Richard Warren | April 20, 2009

I had been hearing a lot of talk lately about how home foreclosures were down. Real estate agents were pointing to this and saying that the market was going to turn around soon. Even the talking heads on the late night news were reporting that foreclosure filings were down and things were going to get better. Could [...]

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Commentary

An Analysis of the Fed’s Plan to "Curb Shady Mortgage Practices"

by Tom Koziol | July 18, 2008

In a July 14, 2008 AP article titled: Fed adopts plan to curb shady mortgage practices , Fed chairman Ben Bernanke is quoted as saying: “Although the high rate of delinquency has a number of causes, it seems clear that unfair or deceptive acts and practices by lenders resulted in the extension of many loans, [...]

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Credit

Fed Rate Cut – The Good, The Bad & The Ugly

by Richard Warren | March 18, 2008

There is a law in physics that says: For every action, there is an equal and opposite reaction. The same is true is a rate cut by the Federal Reserve. Many people get excited when the Federal Reserve cuts a key interest rate. They somehow see this as a magic bullet that is going to [...]

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Commentary

It’s The Principal, Stupid! Fed Chair Bernanke Wants Lenders To Slash Their Loans

by Charles Feldman | March 5, 2008

Want to know just how bad the mortgage / housing / credit / banking / securities / oil / crisis has become? Okay. When was the last time you heard a high ranking government official actually call for lenders to slash the amount of their loans…NOT the interest, the principal! That is exactly what Federal [...]

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Commentary

Bank of America Buys The United States – Or Close To It!

by Charles Feldman | January 12, 2008

If the announced planned merger of [tag]Bank of America[/tag] and [tag]Countrywide[/tag] Financial Corp goes through, BofA will be involved in about one in every four mortgage loans in the United States. One in four! Now one way to look at this is, this is a good thing. It will probably rescue Countrywide -described by the [...]

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Mortgages & Lending

The Fed Gets New Glasses: Sees What’s In Front Of It’s Nose

by Charles Feldman | December 12, 2007

Here’s a quote that should make everyone feel better this holiday season. It’s from the chief domestic economist at Morgan Stanley and is in a report to clients as reported by the New York Times. “A mild recession is now likely, with no growth for the year ahead.” Great. And, based on what the Federal [...]

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Commentary

Fed Chairman Ben Bernanke to Abandon Lenders and Investors

by Joshua Dorkin | September 6, 2007

The President and others in office continue to tell us how well our economy is doing. Lets take a look at some of the latest news to see how things are

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