August 19, 2017

FHFA-OIG REPORT | Fannie Mae and Freddie Mac: Where the Taxpayers’ Money Went

Fannie Mae and Freddie Mac: Where the Taxpayers’ Money Went U.S. government intervention protected … [Read more...]

MBS | Bank Loan Bundling Investigated by Biden-Schneiderman: Mortgages

“I can’t imagine a better securities law claim than to say that you represented that these were … [Read more...]

CA poll: High-speed rail should be … derailed

Plus, taking the long way home. Governor Jerry Brown has insisted that he will go forward on the … [Read more...]

WH: You bet we’re gung-ho on that boondoggle that’s tripled in cost before it’s begun!

Consistency! The projected cost of the California high-speed rail project has tripled from the $33 … [Read more...]

There’s Pain in Spain as Banks Go Down the Drain… Let Me Explain

Please don’t assume that this article is only about Spain, and therefore not one you should … [Read more...]

Pennies on the Dollar | Wells Fargo Picks to Pay

Wells Fargo Picks to Pay by Jake Bernstein ProPublica On Friday, Wells Fargo disclosed that it had … [Read more...]

New York AG Schneiderman Comes out Swinging at BofA, BoNY

New York AG Schneiderman Comes out Swinging at BofA, BoNY This is big.  Though we’ve seen leading … [Read more...]

Time for Tim to go?

Long overdue. So says Michele Bachmann and Jim DeMint, and likely many other Republicans, after the … [Read more...]

Breaking: S&P downgrades U.S. to AA+; Update: S&P statement added; Update: No chance of downgrade, said Geithner in April

Unprecedented. With a “negative outlook” to boot. America is now a risky investment. … [Read more...]

Mandelman’s Overview of Economic News That Matters

I don’t usually post this type of post, mostly because I think there are lots of other sites … [Read more...]

THE ANSWER TO FLORIDA’S FORECLOSURE CRISIS- Florida Statute 69.021

THE SOLUTION TO FLORIDA’S FORECLOSURE CATASTROPHE- FLORIDA STATUTE 69.021 Bondholders’ … [Read more...]

Ratings Agencies Panic: New Financial Reform Bill Means Expert Liability

President Obama is expected to sign the new financial reform bill, known as the Dodd-Frank Act, by … [Read more...]

Bringing Up the Rear: Lloyd Blankfein, CEO, Goldman Sachs

This column made possible by the people who brought you the end of the world as you knew it. At the … [Read more...]

Goldman Sachs Messages Show It Thrived as Economy Fell

Editor’s Note: Now the truth as reported here two years ago. There were no losses. They … [Read more...]

Ambac Posts $2.4 Billion Loss on Home-Loan Claims

" Ambac Financial Group Inc., the second-largest bond insurer, posted a $2.4 billion second- … [Read more...]

Mortgage-Bond Rally May Sputter on Housing Reality

"Investors should be “cautious” about buying U.S. home-loan bonds because a rally stoked by cash … [Read more...]

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