Betty Boop’s Ups and Downs

“Betty Boop’s Ups and Downs,” a Fleischer Studios theatrical cartoon, 1932. Here comes the Great Depression; there go property values. Directed by Dave Fleischer, with animation by Willard Bowsky and Ugo D’Orsi. Voice actors: Mae Questel and either Billy Murray or Claude Reese.

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Congress: Taxpayers Will Cover Citigroup’s Bad Bets

Unregulated derivatives trading crashed the U.S. economy back in 2008, and two years later Congress passed laws to prevent that from happening again. But Citigroup just wrote derivatives deregulation into the $1.1 trillion federal funding bill, and Congress passed it. Now Citi can blow people’s savings on bad exotic derivatives bets, and taxpayers will likely cover the losses.

Here’s what Senator Elizabeth Warren (D-MA) had to say about that:

MERS = Mortgage MERSA?

Who “abetted a fly-by-night, pump-and-dump, no-accountability model of structured mortgage finance”? An obscure corporation in Reston, Virginia. You probably should know more about the Mortgage Electronic Registration System (MERS). It may own your house.