Archive for 'bubble' Category
Oct 25, 2010

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 […]

Oct 25, 2010

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 […]

Oct 25, 2010

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 […]

Oct 25, 2010

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 […]

Oct 25, 2010

“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 […]

Oct 25, 2010

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 […]

Oct 25, 2010

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 […]

Oct 24, 2010

EDITOR’S NOTE: OKAY. LET’S PRETEND FOR A MOMENT THAT THE WHOLE PROBLEM IS CONTAINED TO BAD PAPERWORK.  It’s like replacing the seat on a bicycle with no wheels. It’s still not going anywhere. The problem remains and cannot be cured unless the creditor and the debtor are connected on one document or on a series […]

Oct 24, 2010

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Oct 24, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Both Mr Horton and Ms Gaughen are the types of people banks like to lend to. They made payments on time, they have jobs. However, the plunge in US house prices – which has been particularly severe in California and Florida – left both of […]