Remember the merry-go-round we rode when we were kids? You went round and round and tried to catch the prize, a brass ring. If you didn’t catch the brass ring – you wanted to get down but the merry-go-round kept going. Fannie and Freddie remind me of that merry-go-round as once again they appear to… [Read More]
Whistleblowers: Inside the Mortgage Meltdown
We keep trying to figure out just what caused the mortgage meltdown and credit crisis, and one might very well ask, “Didn’t anyone know what was going on? Did anyone ask? Did anyone care?” The truth is – many of us did. And were ignored. When I say here we go again, it’s because it doesn’t seem… [Read More]
It’s Déjà Vu All Over Again! Is the Financial Crisis Restarting?!
The recent WSJ announcement of the loosening of credit standards at Fannie and Freddie leaves me stunned. Seems as if the government doesn’t learn from experience. It is déjà vu all over again! It was reckless government policies that started the financial meltdown to begin with. This loosening of credit standards and allowing folks to… [Read More]