March 29, 2017

National Archives Sued Over Financial Crisis Documents

  National Archives Sued Over Financial Crisis Documents It’s been 18 months since the … [Read more...]

National Archives Sued Over Financial Crisis Documents

  National Archives Sued Over Financial Crisis Documents It’s been 18 months since the … [Read more...]

Must be God’s Work – Goldman Says SEC Drops Probe into its Role in MBS Deal

Goldman says SEC drops probe into its role in MBS deal (Reuters) – The U.S. Securities and … [Read more...]

LBO AMERICA with Catherine Austin Fitts, A Mandelman Matters Podcast

Catherine Austin Fitts has perspective on the housing and mortgage meltdown like no other.  Under … [Read more...]

What is Strategic Default? A Moral Dilemma?

Lately, the question is: what is a strategic defaults, or as the mortgage banking industry would … [Read more...]

Ponying Up: How Much Have Big Banks Been Docked for the Financial Crisis?

Ponying Up: How Much Have Big Banks Been Docked for the Financial Crisis? By Cora Currier, … [Read more...]

AM I DREAMING ALL OF THIS? (If you can read this, please let me know.)

Listen… I don’t mind telling you that I’m starting to freak out over here. Is it possible that I’m … [Read more...]

Notes Never Made It To the Trusts – BIG Problem for the BIG Banks

Editors Comment Lane Houk 12/2/2010 The article below published on Bloomberg.com a few days ago … [Read more...]

Short Sale Lease-Backs Make Total Sense – Fannie, Freddie and Servicers Are the Problem

Attention Taxpayers: There is a solution to the foreclosure crisis that is destroying our country.  … [Read more...]

Caveat Emptor Questioned on Wall Street: Fraud is Fraud

06norris.html?_r=1&ref=business&pagewanted=print Editor’s Note: Deep down in this … [Read more...]

Proposal to Place AIG Into Receivership Would Lead to Disclosure of Inner Workings

Editor’s Note: This proposal would reveal what really happened during the lead-up to the … [Read more...]

SEC Knocking Down the Door at JP Morgan Chase

JPM’s Jamie Dimon likes to brag and bully people with who he knows and talks to. Well now is … [Read more...]

Principal Reduction is Both Fair and the Only Practical Solution

From “Anonymous” in Response to Post about PAID IN FULL Editor’s Note. I might … [Read more...]

AIG Waived Rights in Bailout: NO SUBROGATION=PAID IN FULL

EDITOR’S NOTE: LISTEN UP! It’s easy to pass over these reports with the thought that it … [Read more...]

Just Say No

The notion that nobody is going to approve of borrowers getting a free house is a myth. It … [Read more...]

Books That Matter: Crisis Economics, by Nouriel Roubini & Stephen Mihm

I just finished reading: Crisis Economics – A Crash Course in the Future of Finance, by Nouriel … [Read more...]

WHY VERY FEW MODIFICATIONS AND SHORT-SALES ARE APPROVED

EDITOR’S NOTES: BASICALLY IT IS ABOUT MONEY: Investment Banks make more money as long as the … [Read more...]

Housing Prices Analysis: The worst is yet to come

Submitted by a reader from an unknown source — might be Dr. Housing Bubble, which is another … [Read more...]

Ratings Arbitrage a/k/a Fraud

Investment banks bundled mortgage loans into securities and then often rebundled those securities … [Read more...]

Principal Reduction: A Step Forward by BofA, Wells Fargo

Editor’s Note: Better late than never. It is a step in the right direction, but 30% reduction … [Read more...]

Mortgage Insurer Asks Court to Bless Claim Denials

Editor’s Note: The ankle-biting is rising to a crescendo. Wait till you see what happens next. … [Read more...]

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