November 4, 2008

Was There a Loan It Didn’t Like?

Source: GRETCHEN MORGENSON, New York Times

AS a senior mortgage underwriter, Keysha Cooper was proud of her ability to spot fraud and other problems in a loan application. A decade of vetting mortgage documents had taught her plenty, she says.

October 22, 2008

We’ll Rescue You on Four Conditions

Source: NY TIMES - GRETCHEN MORGENSON

YOU may have been wondering what it takes to get overpaid executives to rein in excessive compensation. Well, now you know. It takes a historic financial market conflagration and hundreds of billions of taxpayer dollars in...

October 13, 2008

Regulators Face Deficit Of Trust; Fair Game

Source: The International Herald Tribune
Gretchen Morgenson - The New York Times Media Group

Stock market investors, even more than the average Jane, hate unpleasant surprises. Unfortunately, as last week showed, this bailout business is chock full of them.

Consider the backstop recently provided to American...