Category: Mortgage Crisis

Michael Barone asks the right questions, we offer the right answer
If Republicans had three House members or one Senator as smart as Michael the GOP would be unstoppable this fall.
No such luck.
Barone, writing today, on financial reform is right on all three points he raises in his piece.
First, Republicans must offer their own agenda [...]

Please check out our column featured today on NRO.

Gabcast! Richard Vigilante on the Grandy & Andy Morning Show

Your investment advisor likely puts together your portfolio in the same way the busted banks put together their own portfolios of mortgage-backed securities
In Part I we talked about the first big idea that your investment advisor probably shares with your banker, especially if your bank is one of the big important ones that almost blew [...]

Listen right here to Richard Vigilante on Business for Breakfast, explaining the ongoing problems with our financial systems – and the reason we’ll see more market crashes in our lifetimes:
Gabcast! Richard Vigilante on Business for Breakfast

Forget how sleazy this is. How stupid is it than someone with this kind of access is BUYING AIG in January 2008. Just goes to show how hopeless any regulatory solution is. This woman, along with Dodd himself, has privileged access to the best information available to the government. She is chief counsel to the [...]

There will be other financial disasters – and just as Andrew Redleaf predicted the last one more than a year before it happened, the next one will be both predictable and avoidable. Find out how by reading Panic.

Listen right here to streaming audio of Richard Vigilante on the Dennis Miller Show, talking about governmental involvement in the financial collapse:

The whitewash of Fannie Mae and Freddie Mac has to be numbered among the most successful spin operations of our time. Within days of the market collapse in September ‘08, both Senator Dodd and Representative Frank were marching stooges up to Capitol Hill to testify that Fannie and Freddie—virtually run by the congressional committees chaired [...]

Tamny is always good but this is a great point “a vanilla loan is every bit the speculation that a risky trade is”

The single biggest reason the current proposals for financial reform are all either irrelevant or destructive is that they are based on a faulty premise: the banks got in trouble because they were [...]