We take no position on this story, but we do suggest that there is a very good reason to listen – then watch the markets and the news to see when the story finally breaks… Kingworld News Breaks Strange Story of Gold Shorts, Consentrated Position Holders with Paper Positions in the Gold Markets… This Kingworld [...]
Archive for March, 2010
WSJ: Legal Issues in Foreclosure Battle: Raising Questions About Judges? Or Raising Questions About a Flawed Financial System? You Decide…
This article from the WSJ illustrates just how the battle over foreclosures and home ownership, lenders and electronic mortgage registration processes is heating up. Clearly, judges who uphold the law as it is written cannot be accused of being ‘activist jurists’ and we also note that while Federal judges cases may be being appealed (a [...]
Guest Post: Doddâ€™s Financial â€œReformâ€ Bill Is Nothing but a Placebo for a Very Sick Economy from naked capitalism by George Washington â†’ Washingtonâ€™s Blog On March 3rd, Richard Fisher â€“ President of the Federal Reserve Bank of Dallas â€“ told the Council on Foreign Relations: A truly effective restructuring of our regulatory regime will [...]
Rating: 0.0/10 (0 votes cast) Share and Enjoy: Readers who viewed this page, also viewed: FBI warns of mortgage fraud â€˜epidemicâ€™: Seeks to head off â€˜next S&L crisisâ€™ Roach: GD II awaits if China bashing rhetoric turns into protectionism Bank lobbying e-mail: Quid Pro Quo to kill mortgage modification bill Related posts: Bill Black and [...]
Real Estate Still Overpriced in California in many Markets and Paying your Mortgage with Unemployment Benefits â€“ Examining Housing Values through Employment and Local Market Trends. Los Angeles has a 4.4 Income to Home Price Ratio even after a 42 Percent Price Decline.
As housing prices have collapsed from their halcyon bubble peak, many are peering out into the foreclosure landscape that is the current U.S. real estate market and are wondering if prices now fall in line with economic fundamentals.Â The problem in many areas across the U.S. isnâ€™t so much with housing prices but actual employment [...]
I got a call today from a newspaper reporter. Â He was searching the Internet looking for stories on lawyers and loan modifications and found several stories I had written, so he gave me a call. He said he realized that I had defended the idea that lawyers should be helping people at risk of losing [...]
Elizabeth Warren is the Leo Gottlieb Professor of Law at Harvard Law School.Â She teaches contract law, bankruptcy, and commercial law, and has devoted much of the past three decades to studying the economics of middle class families.Â She is also the chair of the Congressional Oversight Panel created to investigate the U.S. banking bailout, [...]
Bill Still reports on the end of the NASA manned space program in order to turn NASA’s attention to the problem of global warming. The Constellation Program is Sacraficed for the price of 1 Billion while Trillions are frittered away on Big Bank Bailouts and Federal DEBT owed to these same big banks.
Mandelman on Loan Modifications: Lies, Damn Lies From Last September – And There’s No Change In Sight.
This piece from last September came up today as we looked for ANY truthful reporting on loan modifications – and found none. Zip. Zero. Zilch. Correction: There was ONE truthful report on loan modifications today from Credit Writedowns’ Edward Harrison: In that story he covered the very disturbing and interesting question of whether a loan [...]
In this extremely enlightening and more than somewhat disturbing piece Edward Harrison explore the underlying effect of loan modifications on borrowers: HAMP Loan Modifications are all termed “REFINANCE” loans. Does this mean that any borrower who goes through a loan modification has just moved from a Purchase Money (NON RECOURSE in the State of California [...]