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Mortgage securities News

Op-Ed: Economists — When are you going to get anything right?

Sydney - Economics is the science that got lost in itself and still can't find the way out. The theories, the principles and the machinery of a lost world are now still clanking on, ineffectually. The science bleats on as the machine falls to bits.

Op-Ed: Demonizing China — A perspective on the Bizarre World Order

There’s no doubt that since the fall of the Soviet Union, the West’s senior morons have been looking for some sort of external threat. China is now the focus of a classic scenario: An external enemy to shift focus from the failures of the society.

Op-Ed: Anyone smell a stench? The FBI knew about the housing scams in 2004

Isn’t this just adorable? The FBI was seeing some dubious deals years before the housing bust and subprime meltdown. They reported it, and nothing much happened. Whatever was done, and that’s still being much debated, the crash wasn’t prevented.

Op-Ed: Early Christmas for the credit market- easing the pain of the squeeze

Big US banks, with the moral, rather than fiscal, support of the Treasury, are planning to prop up the debt markets, to prevent dumping of securities, which could do some real damage to a wide range of investors and credit providers.

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