If officials with Citibank are not bright enough to prevent Nigerian e-mail scammers (a.k.a., “419 scammers”) from hustling them out of $27 million, should they — or their parent, Citigroup — be trusted with $45 billion in bailout funds? That’s the too-little-too-late question I asked myself after reading a report in The New York Times [...]
Citibank Loses $27 Million to Nigerian Scammers
February 21st, 2009 · 4 Comments
Tags: · 419 scammer, bailout, bailout funds, citibank, citigroup, e-mail scammer, ethiopia, national bank of ethiopia, New York Times, nigerian e-mail scammer, skunkfeathers, The New York Times
‘Burning Down the House’ Explains Economic Crisis
September 27th, 2008 · 5 Comments
Burning Down The House: What Caused Our Economic Crisis is, perhaps, the best video yet to explain the current economic crisis and offers details about the political players involved, including presidential candidates John McCain and Barack Obama and several of the folks most responsible for the crisis. UPDATE 9/29/08: It appears the video that is [...]
Tags: · Affordable Mortgages, African-American applicants, bad government regulation, Bank Collapse, Barack Obama, Barney Frank, bear stearns, bundling, burning down the house, burning down the house video, calvin robertson, Campaign Contributions, carter administration, citibank, clinton administration omb director, Community Reinvestment Act of 1995, countrywide mortgage, cra, Democrats, deregulation, Education, failed economic policies, fannie mae, fannie mae ceo, Foreclosures, franklin raines, free markets, Gas Prices, Goldman Sachs, government mandate, government-sponsored enterprise, great depression, home ownership, Home Ownership Rates, Home Prices, house of cards, Housing Bubble, Housing Enterprise Regulatory Act of 2005, investment banker, jim johnson, John Kerry, John McCain, lehman brothers, main street banks, McCain, Melvin Watt, miner barnhill and galland, minority neighborhoods, Nancy Pelosi, Obama, obama's political philosophy, opensecrets.org, Pelosi, poor people, predatory lenders, responsibility, self-interested lawyers, social engineering, Sub-Prime Loans, Time Bomb, Variable-Rate Mortgages, Wall Street
