#IndyMac

When we first said three weeks ago that the spectacular, sudden implosion of Canada's largest alt-lender Home Capital Group or HCG - whose fate we had followed closely since 2015 - was Canada's own "New Century Moment", the parallels were more than just the obvious: like in the US, it took the

Full archives at Trader Scott's Market Blog. Donald Trump hit the ground running after his Inauguration on Friday, when two hours into his Administration he suspended a plan by Barack Obama to slash premium rates on some federally backed mortgages. The plan would have lowered FHA premiums by a

Submitted by Mike Krieger via Liberty Blitzkrieg blog, The biggest disappointment regarding Donald Trump since being elected President has been his total embrace of dangerous Wall Street thieves. As it is currently structured and incentivized, the financial services industry represents one of the

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Two days after Donald Trump’s election victory, I expressed the following sentiment in a post titled, Draining the Swamp? Wall Street is Already Loving Donald Trump: To conclude, this article is primarily written for all my readers who

Authored by Jesse Eisinger, originally posted at ProPublica.org, Steven Mnuchin has made a career out of being lucky. The former Goldman Sachs banker nominated to become Donald Trump’s treasury secretary had the perspicacity to purchase a collapsed subprime mortgage lender soon after the