Did Racism Help Cause the Mortgage Crisis? The Rise of Sandy Weill and Citigroup

Photo: United for a Fair Economy The State of the Dream copyright © 2008 Ralph Brauer ... on a Baltimore loan company named Commercial Credit that specialized in predatory lending. The tale ... of color. Commercial already had a shady reputation when Weill moved in on it. In 1973 the FTC [more...]

Date: 2008-12-21 05:13:51

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Did Racism Help Cause the Mortgage Crisis? The Rise of Sandy Weill and Citigroup

Photo: United for a Fair Economy The State of the Dream Sandy Weill’s story tells how racially-biased predatory lending lies at the center of the ... in his chips and set about looking for his own business. In 1986 he settled on a Baltimore loan company named Commercial Credit that specialized in predatory lending. The tale of how Weill would use [more...]

Date: 2008-12-11 16:53:16

Fourth-Quarter Earnings: How Bad? - Investors are expecting something abysmal. Could earnings that are merely bad spark a rally?

We have been in an overly optimistic mode since Obama was elected, and this has been global ... economy, the financial sector. We have yet to hear from commercial mortgages and credit card defaults ... on individual company good news, but don’t fall on systemic bad news. Government bailouts go to banks [more...]

Date: 2009-01-06 15:58:53

The next debt crisis -commercal mortage market set to collapse in North America in 2009-2010

Two weeks ago, I mentioned that about a dozen financial bubbles are about to burst. Here's a good reliable leading economic proxy indicator that doesn't get enoigh credit ... ., which evaluates companies' credit."We're probably in the first inning of the commercial mortgage [more...]

Date: 2008-11-30 02:37:45

Slow loans flow for some small, medium businesses

Slow loans flow for some small, medium businesses 30 applications approved under new scheme; processing fees still a bugbear By CHEW XIANG ( ... companies get through the bad times’. ‘For those who had their commercial credit lines cut ... to Melvin Lee, Spring’s deputy director of financing and incentives management. More than 700 [more...]

Date: 2008-12-19 07:30:23

Commercial Mortgage Meltdown Has Just Begun (Update)

According to the AP, there is another mortgage crisis looming ... year, according to analysts from Fitch Ratings Ltd., which evaluates companies’ credit. “We’re ... with Herrick Feinstein in New Jersey. That’s bad news for more than just property owners [more...]

Date: 2008-11-30 04:27:00

Week in Review #36 (2008-09-07)

Technical analysts looking at the major equity market indexes of various countries this weekend must be stunned to see a consistent pattern where ... for equities will be a rather quiet affair, hamstrung by ongoing credit market problems. A week ago I wrote ... -dealers, insurance companies) are still to write down their so-called asset backed commercial [more...]

Date: 2008-09-08 10:08:40

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