Archive for 'Corruption' Category
EDITOR’S NOTE: It’s worse than Martin thinks. If my information is correct, virtually all the RMBS derivatives and mortgage bonds are fatally defective (they can’t be fixed). The nominal value of that exceeds all the real money in the world by a factor of two. A lot of them cancel each other out, but the […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LIVINGLIES-GARFIELD CONTINUUM BLOG EDITOR’S NOTE: ALL LAWYERS and ALL LITIGANTS should study these documents — all of them. Reyes is the guy in charge of asset acquisition, a fancy name for being in charge of the “trustee” functions of Deutsch Bank for securitized pools. Interesting […]
Editor’s Comment: Take a look at Paul Krugman’s column this morning in the NY Times. He starts off quoting Sen. Alan Simpson happily proclaiming the coming of a “bloodbath.” Look at the comments on this blog regarding civil disobedience, and the anger at government, banks and business. Look anywhere you want, and you will see […]
By Ari Haruni|Nov 19, 2010, 4:25 PM|Author’s Website FBN’s Charlie Gasparino reports that Financial Crisis Inquiry Commission (FCIC) Chairman Phil Angelides has delayed the report “due out in December until the next year” so that the bipartisan commission can take a closer look “at this new issue of mortgage foreclosure fraud.” Here are the key […]
http://www.ft.com/cms/s/0/92bbba26-f2a7-11df-8020-00144feab49a.html#ixzz15q6EE2wV By Tom Braithwaite in Washington Published: November 18 2010 00:17 | Last updated: November 18 2010 00:17 The Financial Crisis Inquiry Commission has delayed its report into the causes of the crisis amid rancour between members of the panel. Set up by Congress as a version of the widely praised Pecora commission, which in […]
Thursday, November 18, 2010 Email to a Friend ShareThis Homeowners continue to have little short-term confidence in the U.S. housing market but are much more confident about the picture five years down the road. The findings on both questions remain in the ballpark of where they’ve been for well over a year. A new […]
EDITOR’S COMMENT: Let’s assume that the banks are right, that the foreclosures are all legal, and that any errors are legally and properly correctable. And, for the sake of argument, let’s also assume that the homeowners are to blame for the financial crisis — that a viral fad spread throughout the country and the world […]
Posted on November 17, 2010 by Foreclosureblues Illinois AG Madigan Files Legislation to Reform the Foreclosure Process to Protect Homeowners Tue, 2010-11-16 17:17 — NationalMortgag… Illinois Attorney General Lisa Madigan has filed legislation designed to reform the foreclosure process to protect homeowners. Madigan’s legislation is the first of its kind in the country to address […]
After 40 years of cutting costs and spending the American government has somehow avoided a conclusion that is so obvious that any child over the age of 10 would be able to give you the answer. This reminds me of the 30 year study by the American Medical Association in which they concluded that children […]
William K. Black Assoc. Professor, Univ. of Missouri, Kansas City; Sr. regulator during S&L debacle Posted: November 8, 2010 02:52 PM I have noted before a family maxim — one cannot compete with unintended self-parody. Andrew Kahr has recently written a column in the American Banker entitled “Spread the Word: Lying to Banks is Illegal.” […]
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