Archive for 'securities fraud' Category
Editor’s Comment: It’s too late to cure the problem entirely. We can’t unbreak the glass and we’ll never be done cleaning up the mess. But we can start somewhere. It is obvious to all economists of every persuasion that this is a recession of a different kind than anything else we have experienced. That’s because […]
It seems absurd that a measure of such gargantuan proportions would manage to be twisted into disinformation. The fact is, it worked. And as hard as it might be to imagine that things could have been worse, they WOULD have been far worse. But the democrats have let the narrative be framed by the minority […]
I confess an affinity for Taibbi’s reporting. This one is a gem. He goes over the top a few times and misses the bulls-eye (narrowly) in his understanding, but he comes closer than anyone else in describing how our economy, our society, our government, and our lives are being eviscerated by a country where banks, […]
Lawsuits like this one have been on the rise as ever more mortgages default. It is no secret that the housing market boom fostered poorly underwritten mortgages, in which it was common that a borrower’s income was inflated or never documented. Insurers are denying the claims on many loans, asserting they are not liable to […]
See 2D08-3553 Fla 2d DCA BAC v Ginelle Jean-Jacques This is the reason why I am offering the workshop on Expert Witnesses, i.e. — to highlight the rules of evidence, to coach those who would present opinions as evidence and to hone the skills of the litigator. While apparently narrow in its scope and reasoning, […]
Editor’s Comment: Again, myth prevails. The monster that gobbled our home equity and the value of our pension funds came from the waters beneath the market not from some economic disaster or sudden migration of population to Australia. The “loss of value” was nothing of the sort. Prices were going up during a decade when […]
See FLSC new RULES First, rule 1.110(b) is amended to require verification of mortgage foreclosure complaints involving residential real property. The primary purposes of this amendment are (1) to provide incentive for the plaintiff to appropriately investigate and verify its ownership of the note or right to enforce the note and ensure that the allegations […]
the bailout and insurance money was paid not to the investors or the borrowers, it was paid to the investment bankers who never were at risk. I’m beginning to think that the ultra-sophisticated investors have some dog in this race that prevents them from entering the foreclosure market directly to recover or settle their investments […]
Submitted was a form reciting the legal description of the property and citing California Civil Code Title 5, Sections 880.340 and 800.350. As in other documents that can be prepared for homeowners it is only as good as the willingness of the county recorder’s office to accept and record it. And it doesn’t do much […]
Editorial Comment: Actually the number is far higher. We compute it as around 45% when all is said and done. First of all there is consensus that property values are actually around 15% less than seller’s are asking. Second costs of selling the home makes up the rest, taking another 6-10% off the selling proceeds. […]
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