Archive for 'securities fraud' Category
Mortgage Meltdown: Who is to Blame? In a word: everybody. Right now we need to put that aside and get to correcting the problem. Articles are coming fast a furious about “fraud” against the banks. See the latest LA Times articles where Lehman Brothers got stuck with an inflated price and a borrower whose paper […]
We the People: Fighting Back At first the U.S. Constitution was written without the Bill of Rights — 10 Amendments that spelled out the specifics of what the founders were looking for when they established the Republic for which we stand. When you read the whole Constitution, which isn’t long, and the Bill of Rights, […]
You must read Floyd Norris’s article in today’s New York times if you want to get a grasp on the risks facing the economy, everyday living, and virtually all U.S. investing. See “Credit Crisis? Just Wait for a Replay.” The article itself was very good in describing the real depths of the risks facing us, […]
How to Benefit from the Mortgage Meltdown: Tax assessments are heading south along with home valuations — at the moment. Price declines from lower demand and oversupply will continue in many places for years to come. If the experts are right, the first thing we can already see happening is that revenues from taxes […]
It is time for truth and unfortunately consequences. The numbers are staggering. More than $46 trillion in commerce has been impacted by the astonishing scope of this fraud. The rippling effects are washing over unsuspecting people, towns, states and countries like a tsunami and it just keeps getting bigger. The lies are now compounded by […]
Mortgage Meltdown: Get Out of Jail Free Card from Paulson In the usual way of floating trial balloons before committing to anything, and without the whole hearted support from any of the many entities and people who have a dog in this fight, Paulson is “outlining” the proposal for “subprime relief.” All information points to […]
Mortgage Meltdown: Smoke and Mirrors Bailout It is obvious that the “snooty” U.S. bankers, as the Europeans are openly referring to them, still think the world is stupid. The message is out. A massive fraud has ben perpetrated by creation of complex derivative securities that looked better than they were, were rated better than they […]
And this is still the tip of the iceberg. It is happening all over the world. Public officials are hiding it in the hope that a bailout might save the investments. They can’t stop the disclosure. The party is over. This time the intended and known consequences are being dwarfed by unintended and unknown consequences. […]
Most stories about the mortgage crisis begin with the idea that people were induced to buy homes they could not afford. This is mostly incorrect. The reason for the meltdown is that people were induced to “buy” mortgages they could not afford — when in fact they qualified for mortgages they could afford and would […]
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