Editor’s Note: Now the truth as reported here two years ago. There were no losses. They were making money hand over fist. And this article focuses only on a single topic — some of the credit default swaps — those that Goldman had bought in its own name, leaving out all the other swaps bought […]

Tags: ABACUS 2007-AC1, bonds, borowers, check-kiting, David A. Viniar, default, Eric Kolchinsky, Federal Deposit Insurance Corporation., financial crisis, Financial Crisis Inquiry Commission, Fitch, fraud, Gary D. Cohn, Goldman Sachs, GRETCHEN MORGENSON, HERS, John A. Paulson, Kolchinsky, lenders, lending, Lloyd C. Blankfein, losses, Louise Story, Moody's, mortgage backed securities, Office of Thrift Supervision, operating agreement, OWNERSHIP of the loan pool, Ponzi, Securities and Exchange Commission, selling forward, Senate Permanent Subcommittee on Investigations, SEWELL CHAN, sham, shares, special purpose vehicle, Standard & Poor's, swaps, trust, trustee, Washington Mutual
Posted in Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

REGISTER NOW FOR DISCOVERY AND MOTION PRACTICE WORKSHOP MAY 23-24 Editor’s Note: As these hearings progress, you will see more and more admissible evidence and more clues to what you should be asking for  in discovery. You are getting enhanced credibility from these government inquiries and the results are already coming out as you can […]

Tags: admissible evidence, appraisals, Carl Levin, collateralized debt obligations, corrupt, credibility, David A. Skeel, discovery, enhanced credibility, HERS, inflation of the appraisals, loan product, market forces, Moody's Investors Service, Motion Practice, pattern of illegal conduct, rating agencies, rating system, Rating=Appraisal, reasonably relied, Securities and Exchange Commission, SEWELL CHAN, Standard & Poor's, Stockholm syndrome, University of Pennsylvania
Posted in bubble, Corruption, Eviction, expert witness, foreclosure mill, Modification, securities fraud, Servicer |

Editor’s Note: This is the securities equivalent of MERS or HERS. SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 232 [Release Nos. 33-9077; 34-60875; 39-2468; IC-28984] Adoption of Updated EDGAR Filer Manual AGENCY: Securities and Exchange Commission. ACTION: Final rule. SUMMARY: The Securities and Exchange Commission (the Commission) is adopting revisions to the Electronic Data Gathering, […]

Tags: (202) 551-3600, (202) 551-5352, (202) 551-8800, [Release Nos. 33-9077; 34-60875; 39-2468; IC-28984, 17 CFR Part 232, Adoption of Updated EDGAR Filer Manual, Analysis, and Retrieval System (EDGAR), Assistant Director of the Office of Interactive Disclosure, at (202) 551-6989, Cecile Peters, Chief, Code of Federal Regulations, Division of Investment Management, EDGAR Filer Manual, EDGAR Release 9.17, EDGARLink Submission Template 3, Electronic Data Gathering, HERS, Investment Companies Act, Jeffrey Naumann, MERS, Office of Information Technology, Office of Legal and Disclosure, Regulatory Flexibility Act, Rick Heroux, Ruth Armfield Sanders, Securities and Exchange Commission, Senior Special Counsel, XBRL/Interactive Data tagging
Posted in bubble, Corruption, Eviction, expert witness, securities fraud |

NY Times: “When you buy protection against an event that you have a hand in causing, you are buying fire insurance on someone else’s house and then committing arson.” Mr. Lippmann made his pitch to select hedge fund clients, arguing they should short the mortgage market. He sometimes distributed a T-shirt that read “I’m Short […]

Tags: Abacus, ABX, ABX Index, credit default swaps, Dealogic, Deutsch Bank, Egol, Fabrice Tourre, Geithner, Goldman, Greg Lippman, Hudson Mezzanine, I'm short your house, International Swaps and Derivatives Association, James E. McKee, Lewis Sachs, Magnetar, Mariner Investment Group, Michael Barnes, Michael DuVally, Morgan Stanley, Paulson and Company, Pay as You Go, R & R consulting, Securities and Exchange Commission, Soros Fund Management, Standard & Poor's, Sylvain R. Raynes, TABS deals, Tetsuya Ishikawa, Tricadia, UBS
Posted in bubble, Corruption, Eviction, securities fraud |

NOW AVAILABLE ON KINDLE/AMAZON WHY THIS IS IMPORTANT TO FORECLOSURE DEFENSE AND OFFENSE: OK I know the last thing you want to hear is how complex this scheme was. But if you can get over the intimidation factor, you will see how the lawsuits filed by individual homeowners, attorney generals, and class actions are picking […]

Tags: AAA rating, borrower, disclosure, Fitch, foreclosure defense, foreclosure offense, fraud, Lender Liability, McGraw Hill, Moody's, ohio police and fire pension fund, Ohio Public employment retirement System, rating agencies, rescission, SEC, Securities and Exchange Commission, securitization, Standard & Poor's, Trile-A, underwriting standards
Posted in bubble, Corruption, Eviction, securities fraud |