Category Archives: Links

Mortgage Whistleblowers Say Servicers Foreclosed Rather Than Modify, HAMP Program Designed to Help Banks, Not Borrowers

A report at the Dylan Ratigan show confirms what we’ve argued for some time is happening: that banks are not making mods to viable borrowers because servicing is more profitable. In addition, an insider on the HAMP program says that the pressure to make trial mods to make the program look good wound up hurting […]

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Links 5/13/11

Banks The People vs. Goldman Sachs Matt Taibbi Banks Want Pieces of Fannie and Freddie’s Business NYT The Myth that the Banks are Solvent Marshall Auerback European debt crisis Europe continues to demonstrate it has no answers billy blog The Coming Euro Crack-Up Weekly Standard Greece Default Anticipated by 85% in Investor Poll Bloomberg Eurosceptics […]

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Links 5/12/11

Solving The Greek Debt Crisis (from Credit Writedowns) Below are four conflicting posts from Credit Writedowns on Greece that I didn’t write. I think they compliment each other well though. Here’s my own thinking tying them together. Greece is certainly going to take haircuts; everyone knows this. The outcome is less clear elsewhere. I agree […]

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