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For over 20 years, David has been a banker covering the energy industry for several global banks in New York. Currently, he is working on several journalism projects dealing with corporate and political corruption that, so far, have escaped serious scrutiny by mainstream media. He is trained as a lawyer.
SHARE Tuesday, December 1, 2009 Why Obama Won't Do What's Needed to Deal With the Mortgage Crisis
The problems are too big, and too interconnected, to be resolved on a scattershot basis in a dysfunctional marketplace. If the government wants the job done right, it must do the heavy lifting itself. But politically, it's much easier and safer to blame the banks, who won't do the job properly.
(1 comments) SHARE Tuesday, March 6, 2012 Fannie Mae Ignores SEC Lawsuit
Fannie Mae's latest financial disclosures belie the SEC's allegations against former company executives. The government lawsuit claims that the company understated its "true," holdings in subprime and Alt-A mortgages back in 2007-2008. Yet four years later, Fannie still refuses to change the way that it calculates and reports its exposure to subprime and Alt-A mortgages. Series: Fannie Mae & Freddie Mac (18 Articles, 41415 views)