ARM Teaser Freezer Plan Designed To Help Banks, Not the Market

So it was that Henry Paulson came up with an idea… the ‘teaser freezer‘ plan. The ARM teaser freezer is being sold to the public as a way to protect homeowners. But it has another purpose, says a reporter from the San Francisco Gate, to help save the banks from their own bad judgment. “The […]

Exclusive Brethren leader leaves New Zealand

The world leader of the secretive Exclusive Brethren left Auckland yesterday after a week-long visit to New Zealand, but church members deny he was on any political mission. It was Elect-Vessel Bruce Hales’ second visit to the church’s 7000 New Zealand followers and culminated in meetings with 2000 of them at services in Mangere. Read […]

Report: Countrywide CEO Cashed Out

(AP) Countrywide Financial Corp. Chairman and CEO Angelo Mozilo cashed in $138 million in stock options over the last year, switching his trading plans as the mortgage company went into a tailspin, it was reported Saturday. Between November 2006 and August, Mozilo changed the plans outlining how many of his shares would be sold monthly, the […]

Rising Commodity Prices More Bad News for US Dollar

Posted by Dan Denning on Sep 14th, 2007 The moves in oil, gold, and even wheat are all telling us something. First, they’re telling us that the U.S. dollar is headed for the black pit of currency hell, where poorly managed fiat currencies go to suffer and die. And here’s a question for you: how […]