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On Native Ground - American Reporter After President Bush, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke pressured congressional leaders to approve a $700 billion bailout of the financial markets as soon as possible to prevent a global economic panic, lo and Real estate developer pleads guilty to fraud - NJBIZ Monmouth County real estate developer, Solomon Dwek, pleaded guilty to trying to defraud PNC Bank of more than $50 million, according to U.S. Attorney P

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One of the things I keep telling folks about the real estate market, whatever area you live in, is that it is controlled by the loan market. If you want to understand where real estate in general is headed, look at the loan market and the financial markets that generate them. Right now, the loan markets are in terminal panic mode. The lenders are looking for any restrictions they can slap on around the edges to mollify investors, and investors are shying away from any loan that has any elemen

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MIKE WHITNEY Counterpunch Sunday, Oct 11th, 2009 The relentless financialization of the economy has resulted in a hybrid-system of credit expansion which depends on pools of loans sliced-and-diced into tranches and sold into the secondary market to yield-seeking investors. The process is called securitization and it lies at the heart of the current financial crisis. Securitization markets have grown exponentially over the last decade as foreign capital has flooded Wall Street due to the b

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This year’s calm summer in financial markets could give bank investors just what they need: a hint of the true earnings power of financial institutions. The third-quarter results of American banks, which start rolling in next week, should be cleaner than for some time, Breakingviews says.For starters, while banks will continue to add provisions against souring loans, the era of widespread multibillion-dollar write-downs seems to be over, the publication says. In fact, asset prices rose in the th

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by Moe Bedard on October 8, 2009 · 0 commentsin Home Loan News Here we go again with all the regulatory silence and wishful thinking by banks that preceded the first mortgage meltdown. Meltdown part II could be in the making as defaults rise in the commercial real estate sector.Behind closed doors, U.S. banking regulators appear to be “girding for a rerun” of the mortgage losses that nearly crippled the financial markets last year, according to a report in the Wall Street Journal citing an unpub

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