Bill Black Speaks to TaxCast About the Political Coalition Against Financial Regulation
This month’s TaxCast features Bill Black on the Whistleblowers United regulatory reform proposals plus why tax amnesties are a bad idea.
Read more...Category Archives: Real estate
Yale Law Journal: “In Defense of ‘Free Houses'”
State court abuse of the principle of res judicata, out of reluctance to give borrowers “free houses,” encourages poor foreclosure practices and causes broader social harm.
Read more...Wolf Richter: Hamptons Super-Luxury Homes Whacked by Reversing “Wealth Effect”
Hamptons real estate is soft at the high end. A portent for the financial health of the super rich?
Read more...Bill Black: The Whistleblowers’ Third Lemon Award is to Fannie and FHFA
Fannie and the FHFA are fighting whistleblowers, even though Fannie is in conservatorship and cleaning up Fannie is in the public’s interest.
Read more...Your Humble Guest Writer Talks Real Estate Economics and New York City
Why simple supply and demand stories people tell about real estate don’t work.
Read more...A Modest Proposal for an Efficient Rental Market
How to make the housing market conform to mainstream economists’ ideals.
Read more...Bill Black: How Many Lies Can the WSJ Pack into a Chart on Liar’s Loans?
Bill Black is not happy about the revisionist history on liar’s loans. And separately, this piece is a useful exercise in the critical reading of narratives.
Read more...Bill Black: Lenders’ Lies about Liar’s Loans and “Rigorous Underwriting”
Believe it or not, liar’s loans may be back.
Read more...Another Hillary Falsehood: She Didn’t Tell Banks to “Cut it Out” Pre Crisis; She Blamed Homeowners
Hillary Clinton’s nose is getting so long that she needs to get a hacksaw.
Read more...Investors Piling into Illiquid Assets to Avoid Discipline of Market Prices
Investors are piling into risky, illiquid assets at the worst possible time and for the worst reason: to fake performance.
Read more...Why Larry Summers is Wrong and Bernie Sanders is Right on Glass Steagall
Larry Summers, acting as a proxy for Team Clinton, attacked Sanders’ reform proposals, particularly the an updated Glass Steagall. Her’s why Summers is wrong.
Read more...The Continuing Fight Over Fannie and Freddie, and the Real Problem of US Mortgages
How understanding the history of Fannie and Freddie, as well as how unnatural US mortgages are, helps explain why the fight over the future of the GSEs continues.
Read more...Debunking “The Big Short”: How Michael Lewis Turned the Real Villains of the Crisis into Heroes
How Michael Lewis’ The Big Short, whether for profit or by accident, has denied the public the truth about what really causes the crisis.
Read more...Guess What? You Can Pay $600 a Month to be Homeless in San Francisco
Being homeless in San Francisco is not necessarily a bargain.
Read more...Why Paul Krugman Blew It on His ‘Solution’ for Gentrification
One of the fallacies of proposals to limit gentrification is the idea that promoting more development in cities leads to more affordable housing. Stratified markets mean this is not a simply “supply and demand” problem.
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