Ode to NYS Governor
From one of the comments on our earlier post: Get ready for Monica-Bill redux The Media gorging, raking mucks Oozing glee from all their...
Bloomberg & ABC TV Says Spitzer Resigning
Both ABC and Bloomberg TV, citing sources, said Spitzer was going to announce his resignation as Governor of NY. Briefing.com had...
Who Painted Ambac’s Tape?
Have a look at this run of transactions in the stock of Ambac (ABK) on Friday: > Source: Bloomberg Data Services >Here’s why...
FBI Investigating Countrywide
Bankruptcy & Countrywide
A quick post before I head over to CNBC: Two NYT articles caught my eye this morning on the theme of consumer bankruptcy: •...
Real Estate, Speculation & “Occupancy Fraud”
Today’s WSJ had a run of Real Estate related articles that quite frankly, were rather surprising in their gentle naiveté. The...
Moodys Warning Labels (sub-prime version)
From Tuesday’s WSJ: "In an acknowledgment that the system it used to rate billions of dollars of mortgage-related securities...
Truth-in-Lending Disclosure Failure Leads to Mortgage becoming...
Every now and again, a potentially significant story manages to slip through the cracks, barely noticed by anyone. A recent Dow Jones...