"If their solution is to minimize costs, that's the solution they've found, " says Mr. Rheingold.
Mr. IRA RHEINGOLD (National Association of Consumer Advocates): A leopard doesn't change its spots that quickly.
Rheingold said it's frustrating that the Bush administration took so long to acknowledge the mortgage crisis.
But Rheingold also said the administration was gradually becoming less doctrinaire about its free-market principles.
Mr. IRA RHEINGOLD (Director, National Association of Consumer Advocates): It gives you, again, the insanity that was the mortgage market.
Ira Rheingold is the head of the National Association of Consumer Advocates.
During a lull in "Das Rheingold, " he noted, he and his colleagues even leave the orchestra pit to retune before their next entrance.
WSJ: It Takes Brass to Play the Wagner Tuba | By Barbara Jepson | The Ring of the Nibelung
Author Howard Rheingold reports in his new book Net Smart that one in six Americans admit to walking into something while texting.
So Rheingold says many brokers pressured home appraisers to inflate home values in order to get more loans approved and make more in commissions.
In 1994, Rheingold became the founding executive editor of HotWired magazine, an edgy publication that explored the outer reaches of technology and thinking.
FORBES: Age of Context: Social Media Becomes a Mature Platform
Deep in chapter 4, Rheingold, a long-time writer and observer of digital culture, looks at how human collective action plays out in the digital world.
FORBES: Can Wii U Save Humanity? A Skeptical Parent Weighs In
Mr. RHEINGOLD: They wanted to make as much money as possible.
There, she was influenced by Howard Rheingold, who wrote The Virtual Community, a watershed book in the events leading to the current Conversational Age.
FORBES: Findery, a Location-Base Story-Telling Platform, Goes Live
But Mr. Rheingold of the National Association of Consumer Advocates fears that pushing parts of the process overseas will make it even harder for regulators to watch.
Somewhat magically, two books (and their writers), popped up just as I needed them, Mind Amplifiers by Howard Rheingold and Program, or Be Programmed by Douglas Rushkoff.
FORBES: The Knowledge Revolution Is Not About Big Data, It's About Well-Connected Little Data
"I think the lack of oversight so far away may be too much for these banks to handle, considering how badly they've handled overseeing their own staff, " says Ira Rheingold, executive director of the National Association of Consumer Advocates.
Ira Rheingold, executive director of the National Association of Consumer Advocates, is wary of Countrywide's move, saying the 80, 000 loans it is committed to modifying is a small chunk of the 2 million people who face losing their homes.
"They fall back on 'Well, if they make disclosures clearer somehow that's going to help people' and in fact this system is so broken that we need much stronger laws, " said Ira Rheingold, who heads the National Association of Consumer Advocates.
应用推荐