Unholy Alliance: The Federal Reserve and the Treasury

By Cassandra AndersonJune 14, 2012 The Federal Reserve and the Treasury are running a scam that funnels freshly-printed money from the Fed into the Treasury, using Freddie Mac and Fannie Mae as the pipeline.  Freddie Mac and Fannie Mae were taken over by the government and put into conservatorship in the 2008 bailout.  Freddie Mac […]

Bonds Backed by Mortgages Regain Allure

By: Azam Ahmed, The New York Times Some Wall Street investors made money as the mortgage market boomed; others profited when it fell apart. Having reaped big gains during both of those turns, Greg Lippmann, a former star trader at Deutsche Bank, is now catching the next upswing: buying the same securities built from mortgages […]

Banking, Housing and Mortgages

The Intel Hub James Hall February 9, 2012 The primary players that caused the housing bubble are: 1) The banking institutions that bundled and sold very risky mortgages 2) The Wall Street firms that bought these instruments and hedged for a default hazard by booking speculative derivative insurance that could never pay off on massive […]

“Hidden” mortgage fee paying for payroll tax cut

By Sharyl Attkisson, CBS This Morning Just before Christmas, American workers got a rare gift from Washington politicians – the current payroll tax cut would be extended for two more months. At the time, both President Barack Obama and House Speaker John Boehner lauded the move to avoid a tax increase for millions of working […]

“Hidden” mortgage fee paying for payroll tax cut

By Sharyl Attkisson, CBS This Morning Just before Christmas, American workers got a rare gift from Washington politicians – the current payroll tax cut would be extended for two more months. At the time, both President Barack Obama and House Speaker John Boehner lauded the move to avoid a tax increase for millions of working […]

“Hidden” mortgage fee paying for payroll tax cut

By Sharyl Attkisson, CBS This Morning Just before Christmas, American workers got a rare gift from Washington politicians – the current payroll tax cut would be extended for two more months. At the time, both President Barack Obama and House Speaker John Boehner lauded the move to avoid a tax increase for millions of working […]

At 102%, His Tax Rate Takes the Cake

By James B. Stewart, The New York Times Meet Mr. 102%. James Ross, 58, is a founder and managing member of Rossrock, a Manhattan-based private investment firm that focuses on commercial real estate and distressed commercial mortgages. “I realize I am very fortunate, and in fact I am a member of the 1 percent,” Mr. […]

Goldman faces lawsuits over $15.8 billion in mortgages

ShareThis Goldman faces lawsuits over $ 15.8 billion in mortgages 11 Nov 2011 Goldman Sachs Group Inc faces lawsuits over $ 15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier. The aggregate figure, which is up from […]