So, just what is the "mortgage foreclosure crisis"? One part, as suggested in part 1 of my "High Noon" series of posts on this issue is that the banks have lied in court in order to save money, cut corners, and rapidly foreclose on houses that they may or may not be able to prove … Continue reading High Noon: Banks vs. The Law (Mortgage Foreclosures) – Part 2
Day: October 10, 2010
High Noon: Banks vs. The Law (Mortgage Foreclosures) – Part 1
In recent weeks a legal storm has begun to blow regarding mortgage foreclosures. It seems that in the last decade, as banks and Wall Street rushed to push mortgages and borrowed money at any homeowner or wannabe homeowner who was breathing while simultaneously raising the money by pushing too-complex-to-understand Mortgage Backed Securities Trusts and bonds … Continue reading High Noon: Banks vs. The Law (Mortgage Foreclosures) – Part 1
Monetary Policy: The Wrong Tool for the Job
Generally, there are two broad policy approaches to having the government (or it's appointed representative, the central bank) manage the macro economy. One, fiscal policy involves deliberate management of the government budget (spending and tax policy) with a view to stimulating or slowing the economy. The other is monetary policy where the central bank (or … Continue reading Monetary Policy: The Wrong Tool for the Job
EconProph 