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Libertarian Democrat Point Of View (Free subscription) | yesterday
Felix Salmon considers the story about the Bush Administration's objections to regulation, which I considered interesting, but not of particularly cogent value : "This is worth underlining. Even if the OCC, the FDIC, the Fed, and the OTS had miraculously managed to come to unanimous agreement on curtailing subprime lending, it still wouldn't have helped much -- because between them, they only had regulatory...
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Global Financial News (Free subscription) | yesterday
Matt Apuzzo's excellent article on how the goverment failed to reign back subprime mortgage lenders paints a picture of deregulation run amok: The administration's blind eye to the impending crisis is emblematic of its governing philosophy, which trusted market forces and discounted the value of government intervention in the economy. Its belief ironically has ushered in the most massive...
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felixsalmon.com (Free subscription) | yesterday
Matt Apuzzo's excellent article on how the goverment failed to reign back subprime mortgage lenders paints a picture of deregulation run amok: The administration's blind eye to the impending crisis is emblematic of its governing philosophy, which trusted market forces and discounted the value of government intervention in the economy. Its belief ironically has ushered in the most massive...
+Vote!
Market Movers (Free subscription) | yesterday
Matt Apuzzo's excellent article on how the goverment failed to reign back subprime mortgage lenders paints a picture of deregulation run amok: The administration's blind eye to the impending crisis is emblematic of its governing philosophy, which trusted market forces and discounted the value of government intervention in the economy. Its belief ironically has ushered in the most massive...
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lovable liberal (Free subscription) | yesterday
The AP awakens from its slumber long enough for Matt Apuzzo to slap down the Bushist deregulators and their favored lobbyists at the root of the mortgage crisis : The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably...
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ICKPLUS (Free subscription) | 12/01/2008
By Matt Apuzzo ASSOCIATED PRESS WASHINGTON -- Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market. Hotels in Tucson, Ariz., and Hilton Head, S.C., also are about to default on...
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Nevada Thunder (Free subscription) | 12/01/2008
MATT APUZZO ¦ AP via huffingtonpost.com The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents....
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Sweetness & Light (Free subscription) | 12/01/2008
Some shameless revisionism from the DNC’s Associated Press: AP IMPACT: US diluted loan rules before crash By MATT APUZZO WASHINGTON (AP) — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that...
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Examiner (Free subscription) | 12/01/2008
AP IMPACT: US diluted loan rules before crash Dec 1, 2008 3:24 AM (44 mins ago) By MATT APUZZO, AP » 44 mins ago: AP IMPACT: US diluted loan rules before crash « This story ranks Not rankedRelated Topics: (AP Photo/Ted S. Warren, File)In this Sept. 26, 2008 file photo, a woman passes a branch entrance near the headquarters of Washington Mutual Inc., in downtown Seattle. WaMu, one of the...
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Inner Banks Eagle (Free subscription) | 11/28/2008
by Matt Apuzzo - November 27th, 2008 - Associated Press "The system has never been tested for a deep recession," said Ken Rosen, a real estate hedge fund manager and University of California at Berkeley professor of real estate economics. One hope was that the U.S. would use some of the $700 billion financial bailout to buy shaky investments from banks and insurance companies. That was...
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atHome Top Story (Free subscription) | 11/27/2008
TheStar.com | Business | New U.S. mortgage crisis looms over commercial properties New U.S. mortgage crisis looms over commercial propertiesGLENN LOWSON/TORONTO STAR FILE PHOTO Shoppers are seen at Buffalo's Walden Galleria in this file image. 'It's a toxic drug and nobody knows how bad it's going to be,' analyst warnsNov 27, 2008 01:53 PM MATT APUZZO The Associated PressWASHINGTON –...
