Implode-O-Meter:
 
Oops - Trump Can"t Stick His Chosen Crony In Charge of the CFPB
11/20/2017 6:00 PM
Practically every media outlet has carried this report about Mulvaney to CFPB. There"s only one problem: it"s not Trump"s pick to make...Adam Levitin, Georgetown Law professor and former CFPB adviser, was the first to point this out. The statute that created the CFPB is pretty clear: In the event of the absence of a director for the agency, the dep...Read More
 
China"s $15 Trillion Problem: Investors Don"t Believe in Losses
11/20/2017 6:00 PM
When China unveiled plans on Friday to end the implicit guarantees underpinning asset-management products worth trillions of dollars, it should have been a bombshell for the nation"s savers. But for Yolanda Yuan and other individual investors who"ve piled into AMPs issued by banks, insurers and securities firms, the government"s announcement was la...Read More
 
Justice Department sues to block AT&T-Time Warner deal
11/20/2017 6:00 PM
David McAtee II, AT&T"s general counsel, said in a statement: "Today"s DOJ lawsuit is a radical and inexplicable departure from decades of antitrust precedent. Vertical mergers like this one are routinely approved because they benefit consumers without removing any competitor from the market. We see no legitimate reason for our merger to be treated...Read More
 
Robert Mugabe resigns as president of Zimbabwe
11/20/2017 6:00 PM
``The way is now clear for Emmerson Mnangagwa, the vice-president fired by Mugabe 13 days ago, to take power. He was appointed interim leader of the Zanu-PF at the meeting on Sunday."" -- Let"s see if they can stabilize their currency now.....Read More
 
Room rates at Trump"s hotels have fallen by up to 63 per cent since he became president
11/20/2017 6:00 PM
At Trump Turnberry, his Ayrshire golf hotel, the average cost of a two-night stay has fallen by 57 per cent, from £498 to £215, while steep drops have also been found for stays at Trump Doral in Miami (down 53 per cent), Trump Washington DC (down 52 per cent), Trump Vancouver (down 48 per cent), and Trump New York (down 32 per cent). Only the presi...Read More
 
Its Time To Say Sayonara To Federally Funded CRA Housing Agencies
11/19/2017 6:00 PM
Federally Funded CRA Housing Agencies No Longer Serve A Purpose Except To Help Banks Illegally Displace Homeowner...Read More
 
Is Flagstar Bank Playing Low-Income Borrowers For Chumps?
11/19/2017 6:00 PM
Michigan based Flagstar Bank has the Internet abuzz about their plan to bring back zero-down mortgages.  There are plenty of details about this program that Zero Hedge and Housing Wire left out of their articles...Read More
 
Trump"s Saudi Scheme Unravels
11/17/2017 6:00 PM
Why did Trump gamble so heavily on the inexperienced Kushner and the impulsive MbS? Well, of course, if such a "grand plan" had indeed worked out, it would have been a major foreign policy coup -- and one done over the heads of the professional foreign policy and defense echelon who were excluded from it. Trump then would have felt himself freer to...Read More
 
NYCHA Hasn"t Performed Lead Paint Inspections In Over A Year
11/17/2017 6:00 PM
NYCHA Put Thousands Of Children At Risk For Lead Poisoning Because It Failed To Perform Lead Paint Inspections...Read More
 
Wells Fargo Consumer Lending Chief Fired For Being A Big Mouth
11/17/2017 6:00 PM
Franklin Codel"s communications with the former employee involved disparaging remarks. He also discussed the payouts to former employees made by Wells Fargo when they left the bank...Read More