We heard a lot of hoohah about the new mortgage workout plan, including the 30 day foreclosure freeze, and the toll free 1-888-995-HOPE...
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Bill Gross, in the FT, asks some rather intriguing questions late last week: "How could Ambac (ABK), through the magic of its...
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Yesterday, we looked at 5 Historical Economic Crises and the USA. That discussion led to a reader in Norway referring us to this 2005...
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Earlier this week, I received a copy of a paper co-authored by Carmen Reinhart of the University of Maryland and Kenneth Rogoff of...
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Warren Buffett has accused major investment banks of creating their own downfalls:> "It’s sort of a little poetic justice,...
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Talk about late to the party! Bear Stearns, which made a disasterous series of sub-prime bets, has found religion. They have now bet a...
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Glad to see someone else is paying attention: New York State Attorney General Andrew Cuomo’s office has issued subpoenas to...
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Today’s WSJ had a run of Real Estate related articles that quite frankly, were rather surprising in their gentle naiveté. The...
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From Tuesday’s WSJ: "In an acknowledgment that the system it used to rate billions of dollars of mortgage-related securities...
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