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Tag: mortgages

Jamie Dimon Gets Well-Deserved Raise

A year after an embarrassing trading blowup led to millions of dollars being docked from Jamie Dimon's paycheck, the chairman and chief executive ofJPMorgan Chase is getting a raise. Of course he is, because share prices have increased and this is the only thing...

Baby Pesticide, Army Rape, Wife Rape And Slavery: Meet VA Congressional Candidate Dick Black!

Have you met Dick Black? He is a state Senator in Virginia, and he is running for Congress in Loudon County, and he calls emergency birth control "baby pesticide," which, we are pretty mad we didn't think of that...

Bank of America Whistleblowers Reveal Shocking Bank Wrongdoings, Surprise Surprise

Did you spend the past couple days so suspicious of the NSA that you had forgotten to set aside just a little bit of your suspicion for the banks? Don't worry, we can fix that pretty quickly! Turns out...

Banks Might Like White Men Just as Much as the GOP Does

Are you STILL capable of being surprised by structural inequality, including but not limited to women and minorities' inability to take advantage of various financial opportunities? Eh, us neither, we are used to it by now, but just in...

In Shocking Move, Banks Pocket Cash Meant For Homeowners

In a move that your Wonkette finds SHOCKING, just SHOCKING, major banks have decided not to lower home loan interest rates for customers, even though the federal funds rate is hovering at around zero and banks are making a...

NYT’s Mitt Romney Beat-Sweetener Story Curiously Skimpy On Heart-Warmth

Wonkers are all media elites and State Department retirees, so we don't need to explain to you that a "beat sweetener" is a puff piece about a person, place, or thing meant to guarantee further access down the line....

Gingrich’s Latest Target: Elitist Apartment-Dwelling Subway Riders

In a speech at a rally for the National Association of Home Builders last Thursday, posing in front of an unbuilt home that no one will ever buy because no one can get a mortgage, alleged fiscal conservative Newt...

IT'S LIKE A RECOVERY, BUT WITH NO EQUITY, SAVINGS, CONSUMER SPENDING, JOBS, RETIREMENT ACCOUNTS, INNOVATION, STRONG CURRENCY, AFFORDABLE HEALTH CARE, BASIC SHELTER, OR LONG-TERM PROSPECTS FOR A COMPETITIVE MODERN ECONOMY: "The housing market continues to threaten signs of an...

NATION OF UNDERWATER HOMEOWNERS: According to some estimates, about 20 percent of people with mortgages owe more on their homes than what they're actually worth. Your mileage may vary depending on whether there are a lot of foreclosures in...

New, Predictably Grim Housing Data

Remember back in the early days of the Iraq War when President Bush repeated dumbly, month after month, "We're turning a corner," and things just got worse? That's basically the situation in our domestic housing market: a relentless onslaught...

Robert Gibbs Eviscerates That Working-Class Hero, The CNBC Derivatives Trader Guy

White House press secretary Robert Gibbs has had the tendency, early on, to embarrass himself during press conferences by turning snippy as a defense. But this comment about Kathryn Jean Lopez's pretend boyfriend and preferred vice presidential candidate, Rick...

Are There Really People Who Watch CNBC All Day?

Here's one of the more unlikable people we've heard of for the first time today, CNBC's Rick Santelli, at some trading floor in Chicago, going *apeshit* over Barack Obama's $75 billion mortgage plan to keep "the losers" in their...

NEWS FLASH: Loan Modifications Work Best When They Actually Lower Monthly Payments

Criminy! We have been hearing a lot about mortgages that go into default or foreclosure, and how the people holding these mortgages should talk with their lenders about renegotiating their loans. As a normal person with more than two...

Plebes Storm Castles Of Mortgage Fat Cats

Oh hey it's that mob rule and class warfare we've been told so much about! A SEETHING MOB of, uh, peaceful protesters who were not arrested by police visited the homes of two "financial predators" over the weekend. Financial...

A Children’s Treasury Of Evil Wall Street Failures’ Photos From This Good NYT Series About The Financial Crisis

After the economy and capitalism completely died in September because one freaking company called "Lehman Bros." was denied billions of dollars from the Federal Government, the liberal New York Times has been running a weekly-ish series called "The Reckoning"...

Bernanke Decides That Entire Economy Is Worth Saving

Money-printing liquidity trapper Ben Bernanke has been a Local Loser in recent months after rapidly cutting the federal funds rate to negative 1,000% to no effect whatsoever, except national embarrassment. He's had to print Master Paulson's money, alone, every...