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Tag | subprime lending

Dr. Seuss Was Right, We Need a Wise Old Lorax

Posted on 14 October 2009 by Denis Campbell | Comments (0) | Tags: bonus payments, CDO's, Dr. Seuss, financial system collapse, subprime lending, The Lorax

By Denis Campbell
Financial System, you’ve got next!
If I were you, I’d hope the healthcare mess continues throughout President Obama’s 1st term. The diversion allows you to slide under the radar yet again creating lots of mischief.
What you failed to learn about misbehaviour on sub-prime mortgages, CDO’s and obscene bonus payments… you are about to one-up [...]

Sorry Folks: Happy Days Are Not Here Again

Posted on 09 May 2009 by Charley James | Comments (0) | Tags: Banking crisis, Charley James, Citigroup, demons, Happy Days not Here Again, Richard Parsons, subprime lending

 
by Charley James
“Demonizing the bankers as if they and they alone created the financial meltdown is both inaccurate and short-sighted,” Citigroup chairman Richard Parsons told reporters recently. “Everybody participated in pumping up this balloon and now that the balloon has deflated, everybody has some part in the blame.”
Oh no we don’t.
Talk about dissembling. The truth [...]

Sunday, 21st March 2010



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