Did you know that the Wall Street money pumped into David Stern’s Law Office resulted in a public company that is actively traded? Well, it is. And it isn’t doing too well lately. Stern’s DJSP announces 300 layoffs South Florida Business Journal – by Paul Brinkmann Date: Monday, October 25, 2010, 10:45am EDT Fallout from …
Thoughts from the Frontline Weekly Newsletter The Subprime Debacle: Act 2, Part 2 by John Mauldin October 23, 2010 In this issue: The Subprime Debacle: Act 2, Part 2 They Knew What They Were Selling Warning to Mr. Robert Rubin and Management Popping Through It’s Time for Some Putback Payback The Worst Deal of the …
100's of $ Billions in Losses Still to Come: Another Bailout? Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Foreclosure Mills Get Rich With Fraudulent Foreclosures EDITOR’S NOTE: In my opinion, for the reasons stated below, the policy of rejecting short-sales and proceeding with foreclosures creates a greater loss for the bank’s earnings statement, a decrease in the actual capital structure, and therefore constitutes …
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Bailout Companies Give Generously to Candidates: Expecting a New Bailout? Editor’s Comment: Oops. I thought they said they had reviewed hundreds of thousands of foreclosures in about 6 minutes and discovered that everything was in order. I thought they said the procedure was wrong (perjury …
“TARP may have saved the United States from 15 percent unemployment, but it also implicated our government in the kind of crony capitalism you’d expect from a banana republic. If it was necessary, it was also un-American. If it worked, it did so while doing grievous damage to the credibility of Wall Street and Washington …
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Foreclosure May Cost Security Clearance, Jobs 10.24.2010 CITI BOWEN CONGRESSIONAL TESTIMONY(2) Bondholders-Letter-to-Bofa-Over-Country-Wide-Loans-Inc-Ny-Fed Editor’s Comment: Whether they stick to it or not is another story. But in a sharp break with the Obama administration’s efforts to avoid the inevitable crash of the mega banks, Bernanke has …
FED Opens Investigation Into Mortgages and Improper Foreclosures Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary This simple accounting fact would enable any homeowner to show that the transaction was table funded several times over. It would lead to the inescapable conclusion that the lender of record was NOT a party to whom any money was owed by the borrower or …
ACCOUNTING RULES STAGNATE, MAINTAINING ILLUSION OF STATUS QUO Read More »
