EppsNet Archive: Mortgages

EppsNet Book Reviews: The Big Short by Michael Lewis

I worked in the information technology department of a mortgage bank in the run-up to the 2007 implosion of the subprime mortgage market . . . Given┬áthat it was fairly evident at the time that complicated financial instruments were being dreamed up for the sole purpose of lending money to people who could never repay it, it’s remarkable that very… Read more →

Herman Cain’s 9-9-9

By slashing the income tax rate, effectively, in half, he makes it that much more worthwhile to get up in the morning, take risks, work hard, take chances, and invest in progress. By eliminating the capital gains tax, he rewards investment and ownership and makes it possible for people to move up the economic ladder, not through phony teaser Fannie… Read more →

The Chicago Tea Party

This is America! How many of you people want to pay for your neighbor’s mortgage? President Obama are you listening? How about we all stop paying our mortgage! — Rick Santelli (video), CNBC Chicago I’m rolling over in my grave, as the gentleman from Chicago has already noted. Count me in for the Chicago Tea Party! A little revolution now… Read more →