Dislike.

Not only is this not surprising, it’s arguably warranted, given what has been revealed in the days after the world’s largest IPO turned into the largest IPO faceplant in recent memory. Three investors have filed lawsuits against Morgan Stanley and Goldman Sachs after revelations that it revised its revenue forecasts on Facebook just before taking [...]

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"Unexpectedly"!

Looks like Goldman Sachs has the right perspective on first-quarter growth, although perhaps not the right amplitude.  Earlier this week, GS warned investors that the Q1 GDP estimate would drop to 1.9% based on limited warehouse inventory expansion, but that the trade numbers for March might push it down even further.  Today, the Commerce Department [...]

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1. AFSCME | End Dimon Double Duty – “Jamie Dimon has gone from the ‘Last Man Standing’ to ‘the Most Dangerous Man in America
2. Fraudclosure | WSBTV 2: GA Official Vows to Investigate Notary Misuse Claims
3. County of Washington Pennsylvania vs U.S. Bank N.A. | County Brings Class Action to Recover Recording Fees Lost to Wall Street

1. Fedspeak Report | The Post Foreclosure Experience of U.S. Households have the Same or Even Better Living Standards than Before they Defaulted
2. FEDSPEAK Report | “A Foreclosure Crisis” ie Let’s Change the Laws to Legalize MERS
3. PB Post Nails It | Foreclosure Crisis: Fed-Up Judges Crack Down Disorder in the Courts

1. Fedspeak Report | The Post Foreclosure Experience of U.S. Households have the Same or Even Better Living Standards than Before they Defaulted
2. FEDSPEAK Report | “A Foreclosure Crisis” ie Let’s Change the Laws to Legalize MERS
3. PB Post Nails It | Foreclosure Crisis: Fed-Up Judges Crack Down Disorder in the Courts

1. “Stunned” | AG Eric Schneiderman Opposes Fraudclosure Deal
2. Let’s Make A Deal | Fraudclosure Settlement to be Filed in Federal Court on Monday? as Government Seeks Court Approval of $25 Billion Pact
3. Mortgage Electronic Registraton System (MERS) Subpoenaed by NY Attorney General Eric Schneiderman

1. “Stunned” | AG Eric Schneiderman Opposes Fraudclosure Deal
2. Let’s Make A Deal | Fraudclosure Settlement to be Filed in Federal Court on Monday? as Government Seeks Court Approval of $25 Billion Pact
3. Mortgage Electronic Registraton System (MERS) Subpoenaed by NY Attorney General Eric Schneiderman

1. “Stunned” | AG Eric Schneiderman Opposes Fraudclosure Deal
2. Let’s Make A Deal | Fraudclosure Settlement to be Filed in Federal Court on Monday? as Government Seeks Court Approval of $25 Billion Pact
3. Mortgage Electronic Registraton System (MERS) Subpoenaed by NY Attorney General Eric Schneiderman

1. NY Times | Bet on Foreclosure Boom Turns Sour for Investors
2. NY Fed Joins Other Investors on Loan Repurchase Bid
3. Homes on the Homefront | Chase To Donate 100 “Bank Owned” Homes to Military, Wounded Warriors

Changes

In the unlikely event that you somehow didn’t win half a billion dollars last night, you may have to get back to thinking about your retirement plan this morning. The eggheads at Business Insider continue to track the economic trends across the nation, both current and historical. (If you don’t remember where you’ve been, it’s [...]

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1. Citizen Researchers Please Help Write This Article Why Investors, Homeowners and the Economy Benefit From Principal Write-downs
2. The Market Ticker – First The GSEs, Now The Monolines….
3. Adam Levitin | The Multistate Foreclosure Settlement

1. Fannie, Freddie, FHA combined REO Inventory at Record Level
2. BofA, JPMorgan Fail to Make Fannie Mae Grade for Loan Servicing
3. Michael Olenick: NAR’s Big Miss on Home Sales Underscores Lack of Transparency and Accuracy in Mortgage/Housing Data

1. National Foreclosure Settlement | Confidential Federal-State Draft of General Framework for Consumer Relief Provisions
2. When Denying Loan Mods, Loan Servicers Often Wrongly Blame Investors
3. National Foreclosure Settlement | Confidential Federal-State Draft of The Servicing Standards Settlement Term Sheet

1. National Foreclosure Settlement | Confidential Federal-State Draft of General Framework for Consumer Relief Provisions
2. When Denying Loan Mods, Loan Servicers Often Wrongly Blame Investors
3. National Foreclosure Settlement | Confidential Federal-State Draft of The Servicing Standards Settlement Term Sheet

1. Naked Capitalism | Yes, Virginia, Servicers Lie to Investors Too: $175 Billion in Loan Losses Not Allocated to Mortgage Backed Securities (and Another $300 Billion on the Way)
2. BofA’s $8.5 Billion Settlement Could Fall Apart After Request Made To Move Mortgage Case From State To Federal Court
3. Pam Bondi Press Release | Florida Enters $25 Billion Joint State-Federal Mortgage Servicing Settlement

1. Follow the Money: How Systemic Bank Fraud Contributed to the Financial Crisis
2. 60 Minutes Overtime | Behind the Financial Crisis: A Fraud Investigator Talks
3. Report | WALL STREET AND THE FINANCIAL CRISIS: Anatomy of a Financial Collapse

1. Follow the Money: How Systemic Bank Fraud Contributed to the Financial Crisis
2. 60 Minutes Overtime | Behind the Financial Crisis: A Fraud Investigator Talks
3. Report | WALL STREET AND THE FINANCIAL CRISIS: Anatomy of a Financial Collapse

Related?

Investors have fled Carbonite like Carbonite fled Rush Limbaugh, but, as they say, correlation is not causation, so it’s impossible to know for sure whether Carbonite’s stock has plummeted because the back-up company withdrew its support for the top talker — or just because. Nevertheless, the facts are what they are: Since the market opened on [...]

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1. Lender Processing Services (LPS) | Long Term Investor Files Lawsuit over Alleged Wrongdoing by Directors
2. Lender Processing Services | The Law Firm of Levi & Korsinsky LLP Launches an Investigation Into Possible Breaches of Fiduciary Duties by the Board of Directors
3. Investor Warning | Lender Processing Services SEC 8K Report on Consent Order RE Fraudclosures

1. Well Now Isn’t This Interesting… A New Spin on Bank Fraud: Banks Defrauding Their Investors, Auditors and Regulators RE Foreclosures
2. Jeff Thigpen | Robosigning: Fraud and Foreclosure (VIDEO)
3. Shareholders and Robosigning: Is Wells Fargo Ruling a Portent?

Economics makes my brain hurt, but here we go...

Let’s provide some fair warning before we dive into the subject. This column deals with economics. Now, to be clear, I have no inherent hatred of economists. I just don’t understand them. Generally, when an economist starts talking, my eyes quickly glaze over and roll back in my head. I’m sure the information is important, [...]

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1. By the Numbers: A Revealing Look at the Mortgage Mod Meltdown
2. FCRA Report | What the Fair Credit Reporting Act Should Teach Us About Mortgage Servicing
3. Foreclosure Crisis: Common Ground Between Investors and Homeowners

He'll always have Corzine.

No surprise to you and me, but apparently this comes as quite a shock to the Huffington Post.  Paul Blumenthal reports that Democrats sputter that Wall Street never had it so good, but perhaps the investors in the world of finance might know a bad stock when they see it.  Obama has been outraised in [...]

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"Not even a good junk bond."

We already know that the Obama administration’s stimulus-funded subsidies of green-energy firms have been rather poor investments. Solyndra, after all, collapsed while taking over half a billion dollars in taxpayer money with it, after the Department of Energy illegally subordinated taxpayer risk for later investors — mainly an Obama bundler from 2008, George Kaiser.  CBS [...]

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1. More Investigations over use of Fabricated Foreclosure Documents
2. Daily Finance | Big Banks Tell N.J. Courts to Stop Bugging Them About Foreclosure Documents
3. KABOOM | Reuters SPECIAL REPORT: Banks Still Robo-signing, Filing Doubtful Foreclosure Documents

1. Banking on Broken Promises | HAMP, Loan Mods & Lies
2. When Denying Loan Mods, Loan Servicers Often Wrongly Blame Investors
3. Loan Mod Lies | Were You Forced to Waive Your Rights to Get Help?