March/24/2016 10:05AM
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Yeah, we all saw the movie, The Big Short. The greed of Wall Street sets our teeth on edge. Two small facts were left out of the movie. First, without Freddie, Fannie, and the FHA, none of those questionable mortgages would have been made by the banks to begin with. Second, beginning with Bill Clinton, Read the full article…

January/26/2016 5:27AM
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Went to see the movie The Big Short. Pretty well done. It will help Bernie and his war against Wall Street. But, as usual with Hollywood, there are a few pieces left out. The roles of the government- owned and controlled mortgage insurers Freddie, Fannie, and the FHA were left out. Of course, without their guarantees none of the bad Read the full article…

September/14/2010 16:18PM
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I’m reading a great book by Michael Lewis titled “The Big Short”. It’s about the housing bubble and the key players who participated in the great Ponzi scheme that was the mortgage bond business. I have always wondered who saw it coming. According to Lewis, he could only find 6 people in the world who clearly Read the full article…