Posts tagged new york times

• Many Economists Should Have Been Listening to Nouriel Roubini aka Dr. Doom

  Paul Kiesel | August 15, 2008 7:50 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  NYU Economics Professor Nouriel Roubini or as the New York Times calls him, Dr. Doom, foresaw the eventual housing bust in September, 2006. He belonged to a minority group of economists who shared...

• Bernanke, Greenspan and Paulson were Wrong on Fannie and Freddie, Housing Crisis

  Paul Kiesel | September 08, 2008 5:38 PM | 2 CommentsLos Angeles, CA Category: Miscellaneous
  

  On July 16, Federal Reserve Chairman Ben Bernanke told Congress that he believed Fannie Mae and Freddie Mac would be able to make it through the storm of the U.S housing crisis. In front of...

• Discontent at Mortgage Bankers Association Convention as a Protester Attempts to Arrest Karl Rove

  Paul Kiesel | October 22, 2008 4:31 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  From the New York Times: SAN FRANCISCO — It was just another business-as-usual day at the annual convention of the nation’s mortgage bankers: a few panels, a few presentations and an...

• NYT: The Eyeshade Smelled Trouble

  Paul Kiesel | June 29, 2009 4:41 PM | 0 CommentsLos Angeles, CA Category: FDA & Prescription Drugs
  

  From The New York Times: WHEN it comes to corporate America, critics and skeptics are about as welcome as skunks at a pool party. And when companies try to silence dissenters, shareholders are...

• Washington Mutual's Lending Operation: A Boiler Room Environment

  Paul Kiesel | November 04, 2008 3:26 PM | 5 CommentsLos Angeles, CA Category: Miscellaneous
  

  Yesterday, the New York Times reported on a senior mortgage underwriter who had, previous to the subprime and pay option ARM loan boom, been proud of her ability to spot fraud and other problems in...

• Who's to Blame for the Economic & Housing Crisis?

  Paul Kiesel | September 18, 2008 3:48 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  Who deserves the blame for the economic and housing crisis? It's difficult to point the finger at one individual for instigating this mess, because many people were involved. In fact, the blame...

• UBS Misled Customers

  Paul Kiesel | June 26, 2008 4:32 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Two subsidiaries of the Swiss bank UBS, earlier today, were accused of misleading investors about how safe auction rate securities were. The complaint was filed by William Galvin, Massachusetts' top...

• The Next Bailout: How Much Will It Cost?

  Paul Kiesel | October 07, 2008 4:35 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  A few excellent points on the $700 billion Rescue Package have been made since President Bush signed it into law last Friday. 1. The plan does not recapitalize banks, it just buys their troubled...

• Freddie Mac Boss Ignored Foreclosure, Housing Crisis Warnings

  Paul Kiesel | August 05, 2008 3:17 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Richard F. Syron, the chief executive of Freddie Mac, rejected internal warnings that, according to the New York Times, "Could have protected the company from some of the financial crises now engulfing it."

• California and Florida Account for 1/3 of all Troubled Mortgages

  Paul Kiesel | June 06, 2008 3:07 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  8.8 percent ofU.S. home loansare past due or in foreclosure, or close to 5 million loans.(About a third of Americans do not have mortgages.) However, in regions where home prices had soared over the...