4 posts tagged with bank and mortgage.
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Now You See It, Now You Don't

Homeowners are using a little known loophole in the bankruptcy laws to shed their second mortgages.
posted by reenum on May 9, 2011 - 42 comments

The 25-Year 'Foreclosure From Hell'

Patsy Campbell has been fighting her foreclosure in Florida courts for the past 25 years. She has not made a mortgage payment since 1985 while foiling the efforts of several banks to evict her from her home in Okeechobee, Florida.
posted by reenum on Dec 30, 2010 - 150 comments

Purchase risky debt on a massive scale and then place a bet that the debt will fail!

Betting Against the American Dream. In 2005, just as Wall Street started to get cold feet about the housing market, the Magnetar hedge fund helped create a new wave of billion-dollar mortgage-backed securities, pushed bankers to include riskier sub-prime mortgages, and then shorted the securities, making millions when the bubble finally burst. Traders on both sides of the deals pocketed enormous fees even if their banks went under when the securities failed. Pulitzer Prize-winning ProPublica, This American Life, and NPR's Planet Money track down some of the big winners in the housing/financial crisis. No time to read or listen? It seemed so much like a scheme from The Producers, they even recorded a show tune to explain it all. (Previously, 2, 3)
posted by straight on Apr 15, 2010 - 30 comments

Blow-by-blow of Wachovia's Demise

A blow-by-blow analysis of Wachovia's demise, as told by the bank's local paper, The Charlotte Observer.
posted by SeizeTheDay on Dec 21, 2008 - 16 comments

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