Bear Hunt
While I am off fishing, y’all can enjoy this article: If President Richard Whitney of the New York Stock Exchange was surprised at...
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...
Fed: No Discount Window for FNM, FRE
Go figure: In the midst of a deep selloff, a bullish rumor seems to have been planted that would allow for the rescue of Fannie Mae (FNM)...
Courts May Begin Enforcing Truth-in-Lending Act (TILA)
This story seemed to have slipped by without much comment from anywhere else. There are potentially major ramifications for the mortgage...
Man with a Tan Needs a Plan
This morning’s news blip is this little ditty on Countrywide CEO Mozilo: "The Illinois attorney general’s office, which...
Dirty Tricks at Lehman?
Today’s must read commentary: naked capitalism calls shenanigans on Lehman Brothers illegal leak of an insider memo to CNBC’s...