Thu, 31 July 2014
7/31/14 Jennifer Taub: Other People’s Houses: How Decades of Bailouts, Captive Regulators, and Toxic Bankers Made Home Mortgages a Thrilling Business
Law professor and author of Other People’s Houses: How Decades of Bailouts, Captive Regulators, and Toxic Bankers Made Home Mortgages a Thrilling Business Jennifer Taub explains the problem with the term "Cramdown", the story of the Noblemans and fraud in the housing market, the transformation of the Savings and Loan industry, why tax payers hold the bag for bad loans, homeowner protection and the two sides of the bankruptcy code, how housing protections would have helped homeowners and protected the economy, the failure of federal regulators, how banks can choose who regulates them and the structural reforms we need to protect the housing market.
On The Fun Half: the crisis in Gaza, the IDF calls up 16,000 more reservists and requests more ammunition from the United States, Joe Scarborough calls Israel out for indiscriminate bombing in Gaza, Andrew Cuomo involved in witness tampering? Dick Morris now in the retirement scam industry, and your calls and IMs.
Also take a look here for all of the links for today’s show here
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