We have a new on-line magazine to cover stories, events, and happenings beyond the foreclosure crisis. We’ve collected more writers and are more able to offer regular content to readers. We’ve of course expanded our topics to other areas.
Our purpose is simple: provide content that is informative, entertaining, and honest.
With a shared respect for information and the media, the contributors to bluZink come from a variety of backgrounds and disciplines, including an innate ability to communicate and to provoke thought.
Five years after the near complete financial meltdown of the economy in this country, resulting in millions of people losing their homes nothing has really changed. Despite the billions of dollars in settlement fees the banks have shelled out, bad press, and loss of trust, it’s pretty much business as usual. Actually it’s more blatant and brazen than ever.
Remember HAMP? What about HAMP 2.0? The mortgage modification programs the administration paraded out as a way to save millions of homeowners from foreclosure? The same program that Tim Geithner, during a congressional hearing, flippantly admitted in 2009 was never meant to help homeowners, but more a way to alleviate the stress of too many foreclosures coming in at once.
John Wright over at Piggy Bank Blog has had an on-going fervent argument with a particularly obnoxious individual who goes by the name "Hut Master." Over the past week James Aitken (that's his real name) has taken to email and Facebook to throw unfounded accusations John's way, calling him a shill and going into apparent frothy, drunken rants on various blog comments and Facebook, according to Wright.
Here’s what can happen when people get lulled into a false sense of security listening to the news stories about how our housing markets have rebounded and foreclosures are down… we risk losing the things that are helping homeowners.
When the foreclosure crisis began, and for the first few years as foreclosures continued unabated, foreclosure
This next post comes to bluZink from a friend trying to help Hunter Darlange, a 16-year-old kid with Cerebral Palsy. The Darlange family is entered in a contest to win a wheelchair accessible van. Here's the kicker: if they win, and they might, they're going to need about $10,000 to claim the prize - white elephant anyone? Why the organization
Matt O'Brien, one of my partners-in-crime over at the Atlantic, has a piece criticizing hedge fund managers who go on TV to advocate hard-money policies. (Joe Weisenthal has a similar piece.) I agree with the criticism. But Matt also calls hedge fund managers out for their poor investment performance. As this article from The Economist shows,...
Clinton certainly has the resume to be a strong presidential contender: two terms as the first lady during her husband's popular administration, eight years as a U.S. senator from New York and four as a widely-acclaimed secretary of state under President Barack Obama. Not to mention that she has already mounted a presidential
Top officials at the International Monetary Fund on Tuesday challenged financial regulators imposing far-reaching reforms on the biggest banks, arguing that the global benefits of reform efforts must outweigh their costs.
Officials including José Viñals, financial counsellor and director of the IMF’s monetary and capital markets department, said in
NEW YORK (Reuters) - Mortgage servicing company Lender
Processing Services Inc has agreed to pay $14 million to settle
claims the company misled investors about improper practices
underlying its business model, including the "robo-signing"
documents, in connection with foreclosures.
On May 2, The Wall Street Journal reported that regulators were pushing to require “very large banks to hold higher levels of capital,” including minimum levels of unsecured long-term debt, as part of an effort “to force banks to shrink voluntarily by making it expensive and onerous to be
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