Image via Wikipedia The mortgage bubble that Wall Street players were puffing up and were betting would break has, of course, brought down almost everything else with it (save investor bonuses). The fallout was one of the many catalysts for the sweeping political change of the elections of 2008. One of the loudest political debates […]
Banks Back to Profitability (& Bonuses) But Homeowners Still Drowning
The Troubled Asset Relief Program (TARP) likely kept the banking industry afloat, and few doubt the necessity to keep the banking industry solvent for the sake of functioning markets and businesses. The bailout began under the president who encouraged the housing bubble in the first place, and was accepted by the Obama Administration as a […]