Books

Wood Wind and Water
Nantucket’s Opera House Cup

 

North by Northeast CoverTo M&M from WC August 23, 1986

 

Storm Sailing Cover
Storm Sailing is the most influential book I have read about heavy weather safety and survival at sea on a sail boat. Gary’s story telling, the detailed descriptions, illustrations and photos are a “must read” for any skipper preparing to put to sea. Call 410-263-4630 for availability.

 

Comeback Cover

 

Championship Sailing with Gary Jobson
The most comprehensive guide to championship-level sailing has been written, once. This is apparently why there are no others. Call 410-263-4630 for an autographed copy.

 

Fastnet Force 10

 

The Perfect Storm Cover

 

Gary Jobson An American Sailing Story
For an autographed copy call 410-263-4630

 

29 Leadership Secrets from Jack Welsh

 

Winning Jack Welsh with Suzy Welch

 

Liar's Poker Cover

 

The Big Short Cover


In fact, the mortgage meltdown was allowed to happen by the Federal Reserve, FDIC, OCC and other banking regulators. They are at least 1/3rd guilty for permitting banks to make loans without verifying income.

The lending practice they turned a blind or dumb eye to is a blatant violation of “safe and sound” lending practices. Imagine taking the borrower’s or broker’s word for a FICO score or appraised value? What could be worse? Not verifying that the borrower can make even the first payment. Duh.


If the bank regulators are only 1/3 guilty, where’s the rest of the blame go? 1/3 to borrowers who signed a false mortgage ap. 1/3 to the lenders who institutionalized the practice of inflating income on a mortgage ap to get approved.


Congress could levy a consumer recovery tax on the banks for their 1/3rd, and distribute it as a tax credit to those whose credit reports indicate a causal relationship.


As for getting Greenspan to account and the gov’t to pay 1/3rd back to consumers…”forget it”, I’m told.

— Michael G. Nathans
3/3/2016

 

Building the Public Trust

 

Shoe Box Credit_cover
“Best kept secret in lending” – John Ulzheimer, Vantage Score

Tales from two drinking towns with a sailing problem.