Subprime Mortgages

Subprime Mortgages

How will subprime mortgages, and more importantly defaults of subprime mortgages impact the real estate market as well as the US economy as a whole?

Joe Nocera, who writes the Executive Suite column for the New York Times, has done an interesting thing today. He 1) points out banks are lying about their involvement in subprime mortgages, he 2) notes that Barney Frank is absolutely wrong to defend them and 3) offers documents that support his claim. This is something we used to call "journalism," and I'm happy to see it: “There has not been a case made that there is an enforcement problem...  
From crooksandliars.com ()
Comments
Be the first to leave a comment!
Add a Comment:
Already a member? Log In
Sponsors
Sponsors
Top Money Articles
The 10 Best and 10 Worst Celebrity Tippers
We've combed the Internet to find the stories of celebs who tip a hefty chunk of change, and those who barely tip pocket change at all.
Richard Branson is Awesome
If there were a magazine called "Eccentric Billionaire Playboy", Sir Richard Branson would be on every cover.
Celebs Ring the Bell at the New York Stock Exchange
See stars promote themselves by ringing the NYSE opening bell.
More From Zimbio
Copyright © 2009 - Zimbio, Inc. Some rights reserved.