Daily Archives: August 29, 2016

Housing bubble 2.0

Not different this time–same players and behaviors, different cycle. In 2003-07 it was reckless lending, securitization and derivatives that drove realty prices off the leverage cliff. In 2010-2016 the buyers are foreigners and financial intermediaries (who were bailed out by … Continue reading

Posted in Main Page | Comments Off on Housing bubble 2.0

In bed with Wall Street and living the dream

Brazen nepotism and self-serving policies are the norm in the revolving door world of finance and its regulators–because they have gotten away with it so handsomely to date.   You can read “In Bed with Wall Street” for many sordid details.  … Continue reading

Posted in Main Page | Comments Off on In bed with Wall Street and living the dream