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The Financial Crisis Inquiry Report » JoeTaxpayer

he official government report on the financial meltdown is out. If it's too long to read, I'll give you a summary: "A lot of guys made a big mista[...] read more »
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Simple Trading System: Simple, Elegant Solution to the Mortgage Crisis?

So far, throwing billions of dollars at major banks like Citigroup does not seem to be working. This is because mortgages are continuing to default. [...] read more »
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GM: Subprime lending? Great idea! - Top Stocks Blog - MSN Money

To get out of trouble they decide to give loans to people with a credit score below 620, should drum up some business, but isn't that what put them [...] read more »
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The Housing Boom and Bust » JoeTaxpayer

A review of Dr Thomas Sowell's "The Housing Boom and Bust" read more »
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FHA-Backed Loans: The New Subprime - OR - More Crap to Come

Think we've seen the worst of the subprime mortgages mess? Apparently not, and it's an encore performance by the same lovely people who put us in t[...] read more »
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AIG dumped $74 Billion in Subprime, CDOs on Fed

The Federal Reserve took on more than $74 billion in subprime mortgages, depreciating commercial leases and other assets after Bear Stearns Cos. and [...] read more »
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Poor People To Blame for Economic Crisis

Now I have heard it all. It is the fault of poor people that we are in an economic crisis. read more »
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Busted: A New York Times business reporter's memoir of his fall into the subprime trap

Many books will be written about the subprime fiasco, but I doubt any will match the verisimilitude of Busted, Edmund L. Andrews' account of his own[...] read more »
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Life Inside a Wall Street Chop Shop

A large Wall Street firm used front companies to generate impossible-to-repay loans which it then packaged into CDOs and sold off. read more »
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Moffett resigning as Freddie Mac CEO

The top executive of Freddie Mac is quitting after less than six months on the job as the company continues to hemorrhage from mortgage losses and pl[...] read more »
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Mortgages - for the first time home buyer

In the course of my study, I quickly came to the realization that the hypothetical, grossly irresponsible group that got us in this mess looks eerily[...] read more »
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Does Subprime Still Exist ?

Great story on whether subprime exists and if so, how it has changed after the housing crisis. read more »
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Freddie Mac...When are You Coming Back?

Fannie Mae and Freddie Mac have a new bail out program, but it by no means will empty the bilge… read more »
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Subprime borrowers with poor financial literacy are more likely to default, report says

Many consumers have no option but to face this fate, as high unemployment and diminished home equity have left them with little in the way of liquid [...] read more »
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Why Canada's Housing Market Didn't Crash - CNBC

As an American, this makes me sick reading the story. The incredibly irresponsible actions on the part of our banks, politicians and regulators. I ho[...] read more »
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