Slowing Foreclosures?
Get ready for some more Housing bottom calls! Thanks to some interesting regulations passed recently by New York, California, and...
MBIA DESERVES to Go Belly Up
"DESERVES to go belly up" seems to be our latest new series, but its not. Instead, this is the 2nd — and hopefully last...
Bear Trap, part II
I mentioned earlier the "anonymous" book Bear Trap. A few additional details have come to light, and they are worth sharing:...
Suing, Threatening Analysts
Remember this idiocy? Top US analyst hits back after death threats over Citigroup downgrade It was exactly 9 months ago. What has that...
FASB: OK For USA to Turn Japanese
Just when you think there is a glimmer of hope that some of these ne’er do well, lying, cheating, sniveling, cowardly bank CEOs...
Look Who’s Twittering: S.E.C.
Despite (or maybe because of) my recent SEC criticisms, I was surprised to get a personal email from someone at the agency telling me...
My Experience at Indy Mac: Fraud, Corruption, Criminality
Long time readers are familiar with my fascination with antique sports cars. One of my pals, Jan, is a well known Porsche collector who...
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...