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A Busy Week For Senators, Lawyers, Brokers And Ex-Fund Managers

My kid’s last day of school was yesterday so I’m fighting the urge to take the summer off. Ok, it’s not possible, but I can dream.

Source: Slate [1]


It’s been a week to remember.

Fast and easy credit that was relatively unchecked by regulators provided the perfect environment for fraud, the creation of instant wealth and/or newly found leverage to those who were willing to use it or accept it.

We seem to be entering the fourth phase of the credit crunch (not marriage). Discover, Fret, Propose, Charge, Reconsider, Solve

This week’s persistence award goes to a woman who, for 6 months, tried to get someone at WaMu to talk to them [5] about their mortgage (hat tip to Holden Lewis/Mortgage Matters [6]). Can someone please explain to me how WaMu’s CEO has been able to hold onto his job [7]?

Here’s Politco’s list of mortgages held by US Senators [8].