Monthly Archives: January 2008

Roland Arnall – The Godfather Of Subprime

From the Orange County Register: Established in 1979 by Roland Arnall, Long Beach Savings grew rapidly after Wall Street opened the credit tap. It moved to Orange in 1991 and gave up its banking license in 1994, converting to a … Continue reading

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Lender Lobbying Blitz Abetted Mortgage Crisis

Glenn R. Simpson writes: During the housing boom, the subprime industry succeeded at more than just writing mortgages. It also shot down efforts by some states to curtail risky lending to borrowers with spotty credit. Ameriquest Mortgage Co., until recently … Continue reading

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Cruel Jokes, and No One Is Laughing

Gretchen Morgenson writes: WHAT do banks call it when a troubled borrower abandons her home, sending them the keys? “Jingle mail.” And what do they call it when an irate borrower abandons his home, yanking electrical outlets from walls, leaving … Continue reading

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Liberal Fascism

Bookworm writes: "I was planning on read the book anyway, but hearing Jonah Goldberg’s fascinating January 10 interview with Dennis Prager only whetted my appetite to get my hands on Goldberg’s Liberal Fascism: The Secret History of the American Left, … Continue reading

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Was 1964’s Civil Rights Act Torah?

Setting: Orthodox shul. The rabbi says that the biggest challenge to belief in the divinity of the Torah is not the Documentary Hypothesis (I doubt 50% of the audience knows what that is) but the conceit that the Torah only … Continue reading

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