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Regulation Week: Consumer Protection
Sigh. So much for a Justice League of financial regulators. It looks far more like the Articles Of Confederation. Felix Salmon has the scoop: ” FOSC = NBS + FDIC + NCUA + SEC + CFTC + FHFA + FOMC … Continue reading
Ban Prepayment Penalties 2: Banks Gambling on Real Estate
The Economist does a great follow up on the posts for Friday, about thinking of subprime loans as also reflecting a collapse of prime mortgages. One surprising thing about subprime borrowers is that up until the mid 2000s most loans … Continue reading
Ban Mortgage Prepayment Penalties at the Federal Level, 1: Texas
Prologue So I’m glad Texas is making waves about seceding from the United States right now, since it leads nicely into my first ever weekly project here at Rortybomb. I don’t know the specific talking points of the Texas Teabag … Continue reading