A Year of Subprime Turmoil
Click for video Source:International Herald Tribunehttp://www.iht.com/multimedia/audioslideshow/2008/08/12/business/archive/index.html
Fraud in Real Estate, Mortgages & Homebuilders
An article in the weekend WSJ got me thinking about Real Estate related frauds of all kinds. Titled FBI Probes Unusual Incentives for...
Sold to Fortress Vultures at 12 Cents ?
This is hysterical I found the line "I’m standing on Goldman’s Trading Floor Now" spoken in German by...
Fannie and Freddie: Worth Negative $50 Billion Each
Fascinating piece in Barron’s this week on our favorite junk paper: Phoney and Fraudy. A few interesting factoids about the GSEs,...
Down 97%: Tax Trouble Coming For States & Cities
Here’s something you may not have considered: The massive losses taken by Wall Street Banks and Brokers is going to wipe out their...
The Battle Over the Bottom in Financials
Another fun discussion with Henry. As you can see, I have trouble forming an opinion . . . Note: I have a great deal of respect...
Credit Crisis ‘Only Now Beginning’
David Goldman, a portfolio strategist at Asteri Capital, talks about the outlook for the U.S. financial-services industry, the impact of...