Wednesday 4th December
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Dylan Ratigan on “Fraudclosure” Still Seems to be “Lite” on Servicers
Written on 1 Jun, 2011 at 4:59
I'm not kidding about this... every morning I wake up, get my coffee, turn on some cable news show, look over at my wife and say: "Look at that, honey... BofA didn't blow up again today! Will wonders never... (Continue reading)
Is Bank of America Worth $200 Billion?
Written on 12 May, 2011 at 1:30
Bank of America bought Countrywide for $4 billion and change. That sounds funny to me now. You've got to admit it. The idea that someone would PAY money for Countywide has to make you giggle at least... (Continue reading)
Sen. Whitehouse Questions Expose a Kinder, Gentler and possibly more Frightened Tim Geithner
Written on 19 Feb, 2011 at 6:56
They've finally realized it... do you think? They thought other things would have happened by now as a result of pumping trillions into banks and the economy overall... and they haven't. And housing is in a free fall,... (Continue reading)
Finally, Housing Market Analysts Starting to Get It
Written on 8 Jan, 2011 at 21:47
Housing prices may someday be high again, like the way they were a few years ago, but that's a subject for the next generation, or even the one after that. It's not something for me, at 49 years old...... (Continue reading)
Obama’s Speech Avoids Using the “N” Word…
Written on 18 Jul, 2010 at 17:24
I realize that his speech the other night was intended to be more State-of-the-Union-like than a presentation of specific solutions, but I still came away feeling a bit like a Christian Scientist with appendicitis. America's banks are, in large part, insolvent.... (Continue reading)
MANDELMAN’S MONTHLY MUSELETTER – VERSION 8.0
Written on 30 Jun, 2010 at 9:05
This month in Mandelman's Monthly Museletter: 1. Oregon Woman Accuses Vice President Al Gore of Sexual Misconduct in 2006. 2. Fear Deflation, Pray for Inflation. 3. The latest from Nobel Prize Winning Economist, Paul Krugman. 4. HAMP's UP Program... (Continue reading)
The Article that Started it All: Pigs, Puppets and People in Peril
Written on 4 Jun, 2010 at 4:50
Here it is... the first article I ever wrote for The Niche report magazine. Click the linked title below: Pigs, Puppets & People in Peril. Seems like soooo long ago... ... (Continue reading)
Books That Matter: Crisis Economics, by Nouriel Roubini & Stephen Mihm
Written on 30 May, 2010 at 20:59
Roubini explains things I didn't previously understand, such as the details of Federal Reserve Chairman Ben Bernanke's and Treasury Secretary Geithner's response to the meltdown. Oh, I knew some of what those two had done, but not enough in terms... (Continue reading)
We Are On the Brink of a New Age of Rage
Written on 29 May, 2010 at 7:17
I'm also fearful that we've become a nation of people that doesn't believe in our democracy anymore. A nation of people who will wait for things to happen to them, rather than trying to change what happens to them.... (Continue reading)
Senate Investigation Says Banks Caused Crisis, Not Borrowers
Written on 22 Apr, 2010 at 13:45
As I've said what feels like a million times in a million different ways... it wasn't the borrowers, it was the banks, and what caused the crisis was that the banks broke the bond market... and it remains broken to... (Continue reading)
ONCE AND FOR ALL, THE ANSWER IS YES. Water is wet, the sky is blue, and you need a lawyer… Period.
Written on 31 Jan, 2010 at 22:02
So, when an attorney fails to get a bank to agree that it would make more sense to modify a loan... when it would, by the way... and the bank forecloses anyway... let's blame the people that are actually to... (Continue reading)
Books I’ve Loved Reading… The Great Depression Diary
Written on 31 Jan, 2010 at 15:09
The Great Depression Diary By Benjamin Roth Benjamin Roth was born in the last years of the nineteenth century, passed the Bar Exam during the Roaring Twenties and was a practicing attorney in 1929 when over a few days in... (Continue reading)
Returning Home From Speaking at the ABA’s Consumer Financial Services Conference on Loan Modifications
Written on 23 Jan, 2010 at 23:20
If any private sector attorney thinks that he or she can practice autonomously, hidden away in a little box, pretending to exist under some sort of imaginary radar... and that somehow federal or state regulators are supposed to know that... (Continue reading)
BREAKING NEWS: Amendment Allowing Judges to Modify Mortgages to be Included in H.R. 4173 – Wall Street Reform and Consumer Protection Act
Written on 8 Dec, 2009 at 4:01
We need judges to be able to write down mortgages on primary residences because the banks aren't doing it voluntarily, the administration's Making Home Affordable plan isn't working, and the result continues to be millions of foreclosures that are destroying... (Continue reading)
Goldman Sachs… You’re a Liar!
Written on 16 Apr, 2009 at 9:01
But, Goldman Sachs... you're a liar. A phony. A manipulator of the rules. A company willing to mislead, misinform and malign. You cannot be trusted. And during times like these, to act in such a... (Continue reading)