The Obama Administration, the 49 State Mortgage Settlement, and the Spin: A Study in Shamelessnes by Robert E. Prasch. For some time it has been common knowledge that the Obama Administration has not filed charges against a single prominent “bankster.” Moreover, let us note that this has not been the unfortunate consequence of an oversight or simple omission. Read full post here.
The smartest people are pretty dumb about mortgages. The realtor lobby and the government tax breaks have conspired to make people who should know better take on mortgages and go big on housing. Read full post by Teresa Ghilarducci.
The GOP says that bailing out underwater homeowners rewards people who borrowed irresponsibly. But most of the homes entering foreclosure today were bought with prime mortgages. Read full post by Jordan Weissmann.
Will America ever recover from the housing crisis? Read full post by Barry Ritholtz