The American Bankers Association ‘splains Why No One is Responsible For...
Gotta hand it to the Fat Cats, they’ve twisted this thing up so tight, everyone can point fingers in eight directions at once and disavow any responsibility for the chaos that is Fraudclosuregate. As...
View ArticleIf Your Economic Forecasts are Wrong All the Time, Aren’t You Just Guessing?
Economic forecasts… Fascinating stuff, no question about it. Fortune 500 companies spend enormous sums on such forecasts in an effort to know what will appear in tomorrow’s newspapers… today. Of...
View ArticleObama touts Solyndra as having been a “good bet” as new e-mails reveal it,...
“Hindsight is always 20/20.” His defense, essentially, is that some loans are bound to go bust. Banks face the same hard reality, of course, and unlike the Energy Department’s green-loans program,...
View ArticleNY Times | Nye Lavalle – A Mortgage Tornado Warning, Unheeded
Gary Bogdon for The New York Times After his own experience dealing with a mortgage mess, Nye Lavalle set out to learn all he could about the mortgage industry, traveling nationwide to dig into...
View ArticleMax Gardner & Nye Lavalle Together in Concert – A Mandelman Matters Podcast
It’s almost been 15 years since Max Gardner and Nye Lavalle met at a conference sponsored by National Consumer Law Center that was held in Colorado, and quickly found themselves viewed as, well…...
View ArticleReport: Elizabeth Warren’s ancestor may have … rounded up Cherokee for Trail...
Oh my. Out: Elizabeth Warren, Native American. In: Elizabeth Warren, Jacksonian Democrat. Man, in hindsight it’s a good thing she didn’t attend the annual Harvard Powwow yesterday after all, huh?...
View ArticleAre you ready for Romney/Huckabee?
Oh my. In hindsight, I should have used Huck instead of Christie for that joke in the Lovitz post, huh? Ah well. Mitt needs someone who can turn out the south, reassure social cons, appeal to...
View ArticleFinally, Jamie Dimon and I Agree on Something
JPMorgan Chase’s CEO, Jamie Dimon, says he doesn’t want to make excuses, but his bank’s $2 billion losses in the last 45 days were due to errors, sloppiness, terrible execution, bad judgment and...
View ArticleObama: You know, that John McCain was pretty reasonable compared to Romney
Of course. Via BuzzFeed, here’s O hitting the eternal Democratic talking point that Republicans who no longer pose a threat to them were pretty sensible in hindsight but the new guy who might just...
View ArticleThou All-destroying But Unconquering Whale
A few quick thoughts and suggested readings on Chase's ever expanding losses from the Whale Trade. First, if you have not been reading Lisa Pollack's Alphaville posts on this topic you really must....
View ArticleEd Rendell: In hindsight, it was pretty stupid to try to recall Walker, huh?
Regrets. B-b-b-but I thought Wisconsin had sent a “strong message” to Walker about his “politics of division” or whatever. How stupid was the recall effort? So stupid that even your friendly...
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