Entries Tagged as 'subprime'

GMAC: From Ally To GM’s Foe

May 16th, 2010 · 3 Comments · subprime

Ally Bank – which I’d much rather have seen incorporated with a cryptic symbol or something, so that I could refer to it just as “The Bank Formerly Known As GMAC”, because that’s what it is – still has a loose affiliation with GM, cutting car loans for the automaker and, shockingly enough, apparently exacting [...]

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There’s Downgrades In Them Thar Tranches…

March 22nd, 2010 · No Comments · subprime

I don’t feel like talking about health care reform other than to say that Jim Cramer says this will lead us into double-dip recession and he’s generally a contrarian indicator. So I’ll talk about the Fed and AIG instead. Hey, look, up in the sky! Bad assets! Not the first time something insured by AIG [...]

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The Daily Show Takes A Trip To Geithner’s House

July 30th, 2009 · 1 Comment · Timmay, subprime

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c

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Commercial RE Spins My Head Right Round…

July 23rd, 2009 · No Comments · bernanke, subprime

Just like Flo Rida remade that “Right Round” song from the 80s (above)… S&P has gone full circle on commercial mortgage-backed debt: Standard & Poor’s backtracked on ratings cuts issued last week and raised the ranking on commercial mortgage-backed debt from three bonds sold in 2007. The securities, restored to top-ranked status, had been downgraded [...]

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In Which We Learn Karma Isn’t Real

July 20th, 2009 · 7 Comments · fail, subprime

So, did you ever wonder whatever became of the hundreds or thousands of loan officers who helped get us into the sorry state we’re in by encouraging liar’s loans and whatnot so people could live way beyond their means because they saw it on HGTV? I had just assumed they were in Hell, being violated [...]

More on this topic (What's this?)
More Extend and Pretend: HUD Offers $1 Billion of Subprime Teaser Loans (naked capitalism, 8/11/10)
Summer Rerun: “Unwinding the Fraud for Bubbles” (naked capitalism, 7/23/10)
Senior Loan Officer Survey shows noteworthy improvements (Investment Postcards from Cape Town, 8/18/10)
Read more on Loans at Wikinvest

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