Word: mortgagees
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Dates: during 2000-2009
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In Los Angeles (and even in Miami), there is evidence that the housing market is lifting its head off the deck, even as foreclosures continue to pile up and prices edge downward. Properties are at least moving again there, many at 30% to 40% off even last year's lowered...
Oddly enough, though, talk of the Federal Government's possible mortgage bailout is beginning to slow things down. In Los Angeles, it has plugged the deal flow, because banks are now less willing to work things out since they suspect that Uncle Sam may offer better mortgage buyouts. "Recently, a...
While the government rescue limits the salaries of five top executives from each of the participating financial firms, Congress did nothing to restrict Wall Street firms from using taxpayer funds to boost the compensation of rank-and-file investment bankers. "Some people might argue that these bankers should not be...
Gore’s clumsy speech notwithstanding—replete as it was with nebulous metaphors comparing climate change to the subprime-mortgage crisis and a bizarre historiography of the Enlightenment—the event coincided with Harvard’s daylong “sustainability celebration.�...
It was fitting that Barack Obama brought his closing-argument speech to Pittsburgh: this is a city of many lives, one born in a cradle of steel and promise that collapsed and rose again and knows something about reinvention. "The American story has never been about things coming easy," Obama...