A New Kind of Fair Housing Debate
As Allison noted earlier, Treasury Secretary Henry M. Paulson finally feels it’s time for more transparency on Wall Street, especially if unregulated mortgage
Jul 31, 2020134.1K Shares3.7M Views
As Allison notedearlier, Treasury Secretary Henry M. Paulson finally feelsit’s time for “more transparency” on Wall Street, especially if unregulated mortgage firms want access to the Fed’s money. As my storytoday noted, there’s a growing anger among housing advocates over what they see as special treatment from the Fed for subprime lenders, while homeowners facing foreclosures are told the government can’t help them.
Paulson’s overtures – coming about a decade too late, as it is – don’t seem to be doing much to stem that anger. Bear Stearns employees snapped pictures on their cellphones as activists from the Neighborhood Assistance Corp. of America protestedat their offices today, complaining about the Fed bailing out the firm.
NACA is the group that pressured Countrywide into refinancing some of its high-rate loans.
It looks like the housing wars are just beginning.
Dexter Cooke
Reviewer
Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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