Quote of the Day: Rampant Capitalism ?
From Canada, who may end up being more Capitalist then us Socialists in the USA: Two major related threats loom over the world economy:...
“Dead Pledge”
What is a dead pledge? Well, that is the literal translation of the word mortgage: 1390, from O.Fr. morgage (13c.), mort gaige, lit....
Video: Nouriel Roubini (3 Parts)
Good set of interviews with NYU Professor Nouriel Roubini Bear Market Only Half Over, But It’s Not Armageddon More Than $1 Trillion...
What Does the Future Hold for Housing?
Too funny: “In the future they’ll only foreclose on one section of your house at a time!”— Posted by Robt Stupple via NYT Laugh...
All is Well . . . ALL IS WELL
Every time I read an article like the one below, I get a flashback to that scene towards the end of Animal House, when Kevin Bacon...
Even More Writedowns Coming
Yes, we’ve turned the corner, out of the woods, always darkest before the dawn. What — whats that you say? More writedowns?...
Pimco’s Gross: Fannie, Freddie Mortgages...
Let’s call this a bit of counter programming to all of our negative coverage of Fannie Mae (FNM) and Freddie Mac (FRE): Bill Gross,...
BankAtlantic DESERVES to Go Belly Up
Suing an analyst over a report is akin to blaming the shorts for your stock price: It is a waste of time and corporate resources, a huge...
Rampant Fraud & Felony Hires Amongst Mortgage Brokers
Over the weekend, I was hard at work on Bailout Nation. I wrote these paragraphs on Sunday: "Mortgage brokers became very creative...
Asterisks Abound
A quick comment prior to running to a meeting: Last week’s deeply oversold condition allowed Treasury and SEC to orchestrate what...