A few years ago I explained the nearly disastrous mortgage underwriting mistake I went through to buy the house I’m in right now. The villain in that nightmare was BankBoston, the creation of a merger between Baybank and the Bank of Boston. BankBoston was later acquired by Fleet, which itself was consumed by Bank of America. Which takes us to this mortgage mess story.
Category: Politics, Religion & Money
Medical Matters
The PBS News Hour continues to do an excellent job in covering the problems of rural hospitals and healthcare.
Welcome, Sleazy Bankers!
The Federal Reserve Board on Monday announced that reputational risk will no longer be a component of examination programs in its supervision of banks.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250623a.htm
We’re now seeing Trump’s influence on the Fed. I predict that a year from now he’ll appoint his operative, Michelle Bowman, to replace Jay Powell. Neither of them is an economist, but Bowman’s credentials are, as Trump would put it, “very weak.”
The Universal Smith
As a child I learned about the dangers posed by a selfish, insufferable narcissist. An “injustice collector” with an uncanny knack for self-preservation to the detriment of others, who suddenly becomes incredibly powerful.
There’s No Going Back
Well, that didn’t take as long as I expected it would. Trump decided to join Israel in its war against Iran.
My Daily Digs
- Homeland Security Secretary Kristi “Dog Shooter” Noem had an allergic reaction after visiting a biolab? If that were true the lab would have to be locked down and a determination made of exactly what substance caused the reaction. My guess is, Kristi was on some legal/illegal drug and/or she had an anxiety/panic attack.
- Donald was talking tough when threatening Iran, but of course he did his TACO thing and backed off. That’s good, but the truth is he’s afraid of doing the wrong thing and being indecisive as a result.
Speaking of my digs, there’s today’s Jumble.
A while ago, I mentioned an unfinished pine bookcase — assembly not required — I’d ordered for the back of the Pratt Cave. My work on finishing it came out well enough that I’m waiting for another one, 12-inches wide. Placed together, they’ll be the same width as the piano that previously occupied the space.
