As the global economic landscape continues to devolve, it is crucial to draw upon the lessons learned from previous financial crises, much like Marty McFly’s thrilling time travel experiences in the classic film “Back to the Future.” With the Federal Reserve’s recent interest rate hikes and the ongoing banking dilemma triggered by a liquidity crisis leading to losses on long-term […]
Homes being bought by landlords and flippers now account for more than 11% of U.S. home sales, the highest on record. Meanwhile, Wall Street is now trading billions of dollars’ worth of bonds backed by rental payments. The Great Recession Revisited I recall a time when I was growing up in the Bronx, in a rent stabilized apartment, that the […]
Florida Foreclosure Attorney Roy Oppenheim’s retrospection on the 10 year Anniversary of the Great Recession. Last Part: The Guilty Ones.
“A Retrospective From the Trenches of the Great Recession-The Parties to Blame” Welcome to the last part of my series of posts dedicated to reflecting on the ten-year anniversary of the Great Recession. I have talked about the changes prompted by the economic collapse, the things that did not change after it, and now it is time to talk about […]