Hot Air » housing bubble http://hotair.com The world’s first, full-service conservative Internet broadcast network Thu, 23 May 2013 20:41:55 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Obama administration to banks: Why aren’t you making higher-risk loans? http://hotair.com/archives/2013/04/03/obama-administration-to-banks-why-arent-you-making-higher-risk-loans/ http://hotair.com/archives/2013/04/03/obama-administration-to-banks-why-arent-you-making-higher-risk-loans/#comments Wed, 03 Apr 2013 14:01:39 +0000 Ed Morrissey http://hotair.com/?p=252864

Short memories, long damage.

On one level, it’s almost unbelievable that anyone would ask this less than five years after the housing-bubble crash and the near-wipeout of Western financial institutions.  On another, it’s almost inevitable, given the efforts by the governing class and the media to ignore the central failure in that bubble, which was incentivizing increasingly risky loans [...]

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]]> http://hotair.com/archives/2013/04/03/obama-administration-to-banks-why-arent-you-making-higher-risk-loans/feed/ 112 DoJ to S&P: How dare you rate our mandated securities so highly, or something http://hotair.com/archives/2013/02/05/doj-to-sp-how-dare-you-rate-our-mandated-securities-so-highly-or-something/ http://hotair.com/archives/2013/02/05/doj-to-sp-how-dare-you-rate-our-mandated-securities-so-highly-or-something/#comments Tue, 05 Feb 2013 13:01:44 +0000 Ed Morrissey http://hotair.com/?p=242878

Good faith?

In other words, no good deed goes unpunished.  The Department of Justice filed a lawsuit against credit rater Standard & Poor’s yesterday almost five years after the collapse of the housing bubble nearly destroyed the financial sector.  The DoJ blames S&P for giving mortgage-backed securities (MBS) unreasonably high ratings, which allegedly misled investors into believing [...]

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