Economy
by Rob K. Blake
| September 21, 2008
Hank Paulson is not done asking for more authority to “rescue” us from the mortgage crisis. In his first round of legislative begging, he got Congress to pass The Housing Economic Recovery Act of 2008 which gave him the right to take over Fannie and Freddie putting taxpayers on the hook for their greed [...]
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Real Estate
by Charles Feldman
| September 9, 2008
Not too long ago, I wrote for this blog that when Congress passed a plan to help Fannie Mae and Freddie Mac, it amounted to a taxpayer bailout of these two mortgage giants. There were those who took issue at the time with my use of the word “bailout.” Sadly, as the events of the [...]
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Joshua Dorkin
Charles Feldman
Ted Karsch.
Bailout Economy Has Roots In Obscure Law
by Rob K. Blake | May 31, 2009Many 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 [...]