The commercial real estate (CRE) implosion has exposed endemic risk among regional banks and foreign financial institutions that adds fuel to a banking crisis bonfire that surfaced last spring after Silicon Valley Bank, Signature Bank, and First Republic collapsed. A...
It seems that no matter what metric one looks into lately, a “pick your poison” situation unfolds. One in particular is reminiscent of the pre-2007/2008 crisis shenanigans that took place within the mortgage industry. I’ll get to that one later. How you choose to...
When the housing market began to exhibit stress prior to the financial collapse in 2007, I authored a housing bubble blog during my spare time documenting what I found. As each month flew by, the morsels of data creeping out of the cracks from back office banking and...
Yes, there will be spoilers in this article — if we can even call it that. All of us have been deeply impacted in one way or another by the housing crisis of 2007, which ultimately led to the global financial collapse of 2008. A litany of books, documentaries,...
Last night I went to the movies and watched the Big Short. First things first, yes, it’s worth the price of admission. If you read this website you will enjoy it, and that’s not to say the general populace will not enjoy it because they will. The Big Short does...