Foreclosure Fraud For Dummies, 3: Why Are Servicers So Bad At...
(This is a series giving a basic explanation of the current foreclosure fraud crisis from Mike Konczal; This is Part Three; you should...
How Can You Tell When A CEO Is Lying?
NPR: In the financial markets, a lot rides on the word of a company’s top executives. If a CEO tells a lie, a lot of shareholders...
Darwin’s Law of Maladaptive Corporate Behavior...
What is more important than survival? On planet Earth, nothing. The most basic rule of life is SURVIVE. The Biological imperative of...
Goldilocks!?
The Asian market response to the unexpected timing of the PBOC rate hike was mixed and interestingly, the Shanghai index closed a touch...
Big Spender, Part II
In the comments of my recent Hey, Big Spender post, some readers took me to task because “Congress controls the purse...
Full Text of Letter to BofA from NY Fed (Maiden Lane), Freddie...
“Although it has been specifically notified by MBIA, Ambac, FGIC, Assured Guaranty, and other mortgage and mono-line insurers of...
Bank Trouble Linkfest
Many crazy things in the hopper today: • Task force probing whether banks broke federal laws during home seizures: Federal law...
PIMCO, NY Fed Notifies Countrywide of Failures
As discussed previously, this is no longer about deadbeat borrowers: Mortgage giant PIMCO has just issued a giant F$%@ You to Bof...
Do Underwater Homeowners Have Zero Cost Option on Home Prices?
Do underwater homeowners have a zero cost option on future movement of home prices? That seems to be the conclusion of the SF Fed, who...
Foreclosure Fraud for Dummies, Part II
Be sure to see the second part of Mike Konczal’s series explaining the basics of the current foreclosure fraud crisis Foreclosure...