World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Inside Trump Treasury nominee's past life as 'foreclosure king' of California
Steven Mnuchin, prominent Goldman Sachs executive and son of a Goldman Sachs banking veteran, as the new Treasury Secretary in the Trump administration
11/29/2016
Grouped Articles
Trump Plans to Name Steven Mnuchin as Treasury Secretary
WSJ 11/29/2016
Inside Trump Treasury nominee's past life as 'foreclosure king' of California
The Guardian 12/02/2016
Trump's billionaire cabinet could be the wealthiest administration ever
The Guardian 12/02/2016
Trump’s Economic Cabinet Picks Signal Embrace of Wall St. Elite
The New York Times 12/01/2016
Seduced and Betrayed by Donald Trump
The New York Times 12/02/2016
Goldman Sachs No. 2 Seen as a Top Economic Adviser to Trump
The New York Times 12/09/2016
Senior citizens and foreclosures in 2008-2009- the impact of the U.S. mortgage financial crisis
04/14/2009
Grouped Articles
Older Borrowers, Out in the Cold
Wall Street Journal 04/14/2009
New York Times 05/04/2009
Inside Trump Treasury nominee's past life as 'foreclosure king' of California
The Guardian 12/02/2016
Wealth gap in the U.S. between whites and minorities- devastating impact of the recession of 2008
01/05/2009
Hispanics and blacks counted housing equity as a much bigger part of their assets than whites. The recession and financial crisis of 2008 wiped out fully two thirds of the median net worth of Hispanic families and one half for Black families, with both groups having close to $6000 in total median net worth in 2010, according to data from Pew surveys.The recession has proved to be severe in its impact on minorities, and the election of a black president has done little to improve things- especially considering the dismal record of the Obama administration in helping prevent foreclosures.
Grouped Articles
Racial Wealth Gap Widened During Recession
New York Times 04/28/2013
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Obama, Empathy and the Midterms
New York Times 09/25/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Economic Recovery Yields Few Benefits for the Voters Democrats Rely On
New York Times 05/19/2014
Geithner Book Reveals Consensus, Not VIsion, During Financial Crisis
New York Times 05/21/2014
Questions of fairness- could the U.S. have done more to help homeowners facing foreclosure? (1)
04/04/2009
Considering that Fannie and Freddie had paid back $185 billion of the $186 billion in aid from the U.S. government by 2013 and taxpayers were fully protected, could the U.S. U.S. government have done more to help homeowners as proposed by Sheila Bair, then head of the FDIC, economist Martin Feldstein, and others. What is the right balance between homeowner protection and protecting taxpayers in a properly functioning democracy? Is a Consumer Protection Agency which protects future homeowners a sufficient response, with little to show for millions who faced or went through foreclosure. How does this affect economic recovery as some sections of the population face a longer time to recover and income disparities worsened? What does this say for risks from future crisies and market behaviours?
Grouped Articles
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
Geithner's Bank Plan Is a Good Start
Wall Street Journal 04/04/2009
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
Rising U.S. Foreclosures take on crisis proportions deepening the economic downturn.
08/24/2007
Foreclosures in 2008 hit 16% up from 6% in 2007, and in an accelerating trend if unemployment hits new highs.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
Homeowners facing foreclosure and lack of any meaningful help.
09/29/2008
Lack of any meaningful help to homeowners facing foreclosure upto the Lehman Fannie crisis, and the failure to provide any significant help to homeowners in the $700 billion Sept 2008 bailout plan targeted mostly at freeing up the credit markets.
Grouped Articles
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
New York Times 10/02/2008
Rescue Includes Steps to Help Borrowers Keep Homes
Wall Street Journal 09/29/2008
Card Firms' Loss Tally: Billions of Dollars in Fees
Wall Street Journal 05/22/2009
Consumers Need a Credit Watchdog
BusinessWeek 07/15/2009
Foreclosures and unemployment in the U.S.
05/04/2009
The Obama administration foreclosure relief programs were designed for subprime lending situations and not for the high unemployment. As a result few unemployed homeowners have benefitted.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
New York Times 06/02/2009
A new U.S. housing foreclosure crisis looming for 2010-2011.
10/01/2009
By conservative estimates according to NYT, 2.4 million homes will be lost to foreclosure in 2010. The faulty documentation poses a serious problem for banks, as they may be forced to buyback the mortgage securities sold improperly.
Grouped Articles
Wall Street Journal 12/31/2013
Wall Street Journal 10/16/2010
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
Economist 10/01/2009
Economist 10/01/2009
U.S. Mortgage Delinquencies Reach a Record High
New York Times 11/20/2009
Martin Feldstein and other experts renew their call to stem the decline in house prices with a new policy for homeowners under water - 2010-2012
01/05/2009
The cost would be an estimated $350 billion to cancel some of the mortgage debt of homeowners. Feldstein says this is a necessary step to revive the U.S economy. Letting the forest fire of foreclosures burn itself out would damage the U.S. economy further. Feldstein says this is not an option.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
How to Stop the Drop in Home Values
New York Times 10/12/2011
U.S. unemployment and foreclosures- 2011-2012
05/04/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
New York Times 06/02/2009
Foreclosures and the U.S. housing market in 2012-2013
01/20/2010
Grouped Articles
Wall Street Journal 05/02/2013
Home Prices Rise, Producing a Buying Mood
New York Times 05/28/2013
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Outlook for Home Prices Grows Darker
Wall Street Journal 06/23/2010
Wall Street Journal 12/31/2013
Mortgage Troubles Near Prerecession Levels
Wall Street Journal 02/21/2014
Deutsche Bank and U.S. foreclosures
05/05/2011
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Deutsche Bank Hit By Legal Costs
Wall Street Journal 10/30/2013
German Financial Watchdog Bites Back
Wall Street Journal 03/28/2014
L.A. Blames Bank for Foreclosure Blight
Wall Street Journal 05/05/2011
States Negotiate $26 Billion Agreement for Homeowners
New York Times 02/08/2012
Deutsche Bank Announces Management Shakeup
New York Times 03/16/2012
U.S. Banks handling of foreclosures and mortgage securities.
10/16/2010
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
For foreclosure processors hired by mortgage lenders, speed equaled money
Washington Post 10/16/2010
Wall Street Journal 10/16/2010
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Ben Bernanke's Dillon, S. Carolina boyhood home in foreclosure for 10.1% loan after job loss of owner and the loan securitized
02/14/2009
Grouped Articles
Fed Chief's Boyhood Home Is Sold After Foreclosure
Wall Street Journal 02/14/2009
New York Times 05/19/2014
Inside Trump Treasury nominee's past life as 'foreclosure king' of California
The Guardian 12/02/2016
Foreclosures in the U.S., the homeless and poverty.
01/05/2009
About 10% nationwide and 15% in the midwest of people who are at homeless shelters are there because of foreclosures according to social service agencies.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 10/11/2013
Wall Street Journal 12/31/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
New Data Muddle Debate on Economic Mobility
Wall Street Journal 01/24/2014
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Tackling middle class poverty in the U.S.- causes and strategies
03/11/2009
Shrinking incomes, low job growth, growth in temporary jobs, offshoring of jobs, are part of a trend since 1989. This is compounded by acceleration of developments during the last decade of low savings and paltry return on savings, effects on net worth of the financial crisis of 2008 through job losses, lost income, foreclosures, high cost of health care and college tution for children. The combination is creating a new kind of middle class poverty in the U.S. The Obama administration has pushed for college education even as it is becoming less affordable and neglected jobs training. The push to raise the minimum wage helps the poor but does not do as much for the middle class.
Grouped Articles
Wall Street Journal 09/14/2011
Japan Is a Model Not a Cautionary Tale
New York Times 06/09/2013
OECD report cites rising income inequality - The Washington Post
Washington Post 12/06/2011
8 States to Raise Minimum Wage
New York Times 12/23/2011
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
New York Times 02/10/2010
Foreclosures in California in 2008
04/13/2009
Grouped Articles
Foreclosures hit suburbs as layoffs surge, mortgages reset
Detroit News 04/13/2009
Inside Trump Treasury nominee's past life as 'foreclosure king' of California
The Guardian 12/02/2016
A journey through a land of extreme poverty: welcome to America
The Guardian 12/15/2017
Majority of U.S. public school students are in poverty - The Washington Post
Washington Post 01/17/2015
The Federal Reserve and policies favoring banks over homeowners in U.S. foreclosures
04/01/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
New York Times 04/01/2009
Geithner's Plan: Loopholes Galore
BusinessWeek 04/01/2009
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
Faces in the US housing and foreclosure crisis- 2010-2012
01/12/2009
Foreclosures have affected the lives of people in all segments of US society.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
Faces of the Home-Foreclosure Crisis
Wall Street Journal 12/29/2010
Krugman on the Obama Administration, banks, settlements and the U.S. foreclosure crisis in 2011
01/02/2009
Failure of the Obama administration to reduce foreclosures and help homeowners. A worsening foreclosure situation leads to a continuing decline in housing prices and hampers an economic recovery in the U.S. This is something Martin Feldstein grasped very early during the 2008 financial crisis and made proposals for helping homeowners under water.
Grouped Articles
Washington Post 09/06/2011
Book portrays dysfunction in Obama White House - The Washington Post
Washington Post 09/17/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Plunge in Home Sales Stokes Economy Fears
Wall Street Journal 08/25/2010
Wall Street Journal 12/31/2013
Charlie Rose Talks to Robert Reich
BusinessWeek 10/21/2010
U.S. home foreclosures 2008-2009
01/15/2009
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
New York Times 05/19/2014
New York Times 05/04/2009
New York Times 06/02/2009
Foreclosure Filings Up 81% in 2008
Wall Street Journal 01/15/2009
The beginnings of the foreclosure crisis and president Obama's failure to push for effective loan modification in Congress in 2009
05/04/2009
A legacy of the Obama administration begins in 2009 with no efforts in the U.S. Congress to push loan modification to prevent foreclosures.
Grouped Articles
New York Times 05/04/2009
New York Times 06/02/2009
Inside Trump Treasury nominee's past life as 'foreclosure king' of California
The Guardian 12/02/2016
The White House’s claim that 800,000 manufacturing jobs were added during Obama’s presidency
Washington Post 12/09/2016
Opinion | The Cost of Barack Obama’s Speech
The New York Times 05/01/2017
Home Affordable Modification program (HAMP) of the Obama Administration
06/12/2009
The large failure of a program launched by the Obama administration to reduce home foreclosures in the U.S. Only $1 billion of the $75 billion estimated for the program when it was launched in 2009 has been spent. Only 680,000 of the 2.7 million homeowners seeking to participate received loan modifications with lower monthly payments.
Grouped Articles
New York Times 07/17/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
High Default Rate Seen for Modified Mortgages
Wall Street Journal 06/16/2010
Plunge in Home Sales Stokes Economy Fears
Wall Street Journal 08/25/2010
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
Failure to stem foreclosures under the Obama administration continues inaction under Bush administration.
08/24/2007
The failure of the Obama administration to break the cycle of foreclosures begetting falling house prices begetting more foreclosures, further weakening the banks and the economy, with strong action. It continues the missteps of the Bush period and may undo much of the good work in other areas such as stimulus, restructuring the auto industry and new priorities. Inaction here is coupled with inaction in relation to insolvent banks and is likely to prove costly.
Grouped Articles
New York Times 07/17/2011
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
Wall Street Journal 12/31/2013
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
Foreclosures in Detroit, Michigan- 2009-2014
04/13/2009
Grouped Articles
Foreclosures hit suburbs as layoffs surge, mortgages reset
Detroit News 04/13/2009
$200 Million Could Curb Pension Cuts in Detroit
New York Times 05/22/2014
Detroit Task Force Says Blight Cleanup Will Cost $850 Million
New York Times 05/27/2014
New York Times 05/04/2009
Inside Trump Treasury nominee's past life as 'foreclosure king' of California
The Guardian 12/02/2016
Foreclosure halt by judges, attorneys general and sheriffs across the U.S.
10/19/2010
In the absence of proper documentation public officials are questioning the foreclosure processes as currently carried out.
Grouped Articles
Fannieâs and Freddieâs Foreclosure Oversight Questioned
New York Times 10/19/2010
New York Times 05/19/2014
Foreclosure mess prompts growing number of public officials to slow down process
Washington Post 11/11/2010
States, mortgage lenders in talks over fund for borrowers in foreclosure mess
Washington Post 11/17/2010
Flawed Mortgage Papers May Pose Economic Risk, Panel Says
New York Times 11/20/2010
Only 1 in 4 Got Mortgage Relief
Wall Street Journal 02/28/2011
Martin Feldstein's Op-ed in the WSJ, April 4, 2009, suggesting an alternative solution to the U.S. housing mortgage crisis during the 2008 global financial crisis
04/04/2009
The alternative solution would have been fairer to homeowners and reduced the wave of foreclosures that hit the U.S. in 2009-2013. The result was a double blow to the economy from foreclosures and higher unemployment, increasing inequality, and reversing decades of gains in strengthening the social fabric of America. Feldstein was Chairman of the Council of Economic Advisors under President Reagan and is a professor at Harvard.
Grouped Articles
Geithner's Bank Plan Is a Good Start
Wall Street Journal 04/04/2009
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/19/2014
New York Times 05/04/2009
New York Times 06/02/2009
Janet Yellen Warns of Inequality Threat
New York Times 10/17/2014
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us
