Showing posts with label moral hazard. Show all posts
Showing posts with label moral hazard. Show all posts
Tuesday, July 23, 2019

10 years after Santelli's rant against Obama's proposed bailout of your neighbor's mortgage, National Review pretends it was about deficit spending

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You will search in vain in this article for the word " mortgage ". If the Tea Party had been about any one thing, it was about ...
Thursday, April 11, 2013

Russia Was Just The Excuse For The Eurogroup To Steal From Cyprus

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So says Ambrose Evans-Pritchard, here , for the UK Telegraph: "First they purloin the savings and bank deposits in Laiki and the Bank o...
Wednesday, January 23, 2013

What Is The Cost Of 5 Million Homes Repossessed By The Banks?

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In 2009, it is estimated the average mortgage was $172,000. If 5 million homes have been repossessed by banks in the current 7 year housing ...
Wednesday, September 26, 2012

Bailout Takers To Give Obama The Margin Of Victory In Ohio

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Is Romney wrong to write-off voters who depend on direct government assistance? Alec MacGillis for TNR, here : When I was in Toledo last wee...
Friday, July 6, 2012

Basel Capital Rules Reinforce Fascist Financialization Of The Global Economy

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Robert Barone for Minyanville summarizes better than anyone else I have read the process whereby banking in partnership with government has ...
Tuesday, June 12, 2012

New Federal Reserve Capital Requirements May Doom Savings and Loans

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And putting savings and loans out of business will dramatically reduce competition in the mortgage business, which is negative for housing, ...
Friday, June 1, 2012

Moral Hazard In Pictures

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US Federal Reserve European Central Bank Bank of England People's Bank of China German Bundesbank Bank of Japan Banque de France Swiss N...
Friday, April 27, 2012

TARP Will Cost Taxpayers $60 Billion, Says Special Inspector General

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Here : "After 3 1⁄2 years, the Troubled Asset Relief Program (“TARP”) continues to be an active and significant part of the Government’...
Tuesday, January 17, 2012

2.5 Million Homes Lost to Foreclosure. How About At Least Another 4.5 Million?

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Laurie Goodman is back in the news on housing, here : All told, Goodman warns that more than 10 million of the nation's 55 million mortg...
Saturday, January 14, 2012

Richard Viguerie Smokes Mitt Romney As Anti-Capitalist On His Own TARP Petard

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Here : To Mitt Romney, venture capitalist, the average worker is an expendable line on a spreadsheet -- until that worker’s tax dollars were...
Monday, July 18, 2011

Ben Bernanke: The Very Face of Moral Hazard

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Senator Jim Bunning (R-KY), quoted here : “You are the very definition of a moral hazard.”
Thursday, April 7, 2011

Federal Reserve Discount Window Aided Many Banks Which Failed Anyway

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So says another in a long line of incriminating stories in The New York Times , highlighting the pervasive involvement of the US government ...
Friday, June 18, 2010

CONGRESS OF IDIOTS BAILS OUT THE STUPID

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My favorite line from the following is "but it will help keep . . . I slightly above poverty level." Just how people who talk that...
Tuesday, April 13, 2010

The Bailouts Still Do Not Add Up

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Ritholtz gets it right on the bailouts, bringing up what others would still like us to forget. Notice the little problem of toxic assets he ...
Wednesday, February 24, 2010

On Getting to the Definition of Real Health Insurance

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There are many good ideas in this small article, which originally appeared here , however one may have wished the author had addressed the p...
Friday, February 19, 2010

Santelli's Rant, One Year Later

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A year after Rick Santelli's heated objections in February 2009 to the moral hazard posed by government efforts to bail out troubled mo...