Posts Tagged ‘citigroup’

It’s Official: Thanks to Former Citigroup CEO Sandy Weill… I Have Now Seen Everything.

It's Official: Thanks to Former Citigroup CEO Sandy Weill... I Have Now Seen Everything.

So, I guess I had this dream. I was watching CNBC... which, by the way, is how I knew it was a dream because I never watch CNBC... anyway, so I was watching CNBC and on comes Sanford "Sandy"... (Continue reading)

Mandelman’s Monthly Museletter – Version 16.0

Mandelman's Monthly Museletter - Version 16.0

In this edition you'll find: 1. Robo-signing KILLS... 2. OCC proposes credit rating duties go to banks - A real conversation with a banker-friend of mine. 3. PMI Files Bankruptcy - Regulators step in and take over yet another mortgage... (Continue reading)

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The Luckiest Bankers the World Has Ever Seen! And They’re Ours! Yay!

The Luckiest Bankers the World Has Ever Seen!  And They're Ours!  Yay!

Assuming you were such an adept trader of securities that you had a 70% probability of making money on any given trading day, which would, by the way, pretty much make you a God of Wall Street… the odds that... (Continue reading)

HUD Investigation Shows Banks Covered Up Widespread Illegal Acts – Government offers to bring them their check and validate their parking

HUD Investigation Shows Banks Covered Up Widespread Illegal Acts - Government offers to bring them their check and validate their parking

According to Shahien’s story in HuffPo, the secret investigations were initiated in response to last year’s reports, which indicated that large lenders were improperly accelerating foreclosure proceedings… or, in other words… look who just figured out that robo-signing affidavits and... (Continue reading)

SB 729 Fails – California Homeowners Get Banked but not Kissed Once Again

SB 729 Fails - California Homeowners Get Banked but not Kissed Once Again

Tweet California Senate Bill 729 failed to pass in the Senate Banking Committee for the second time in the last two weeks.  In a related story, it seems that the rights of chickens have suffered yet another blow, with the... (Continue reading)

FEDS Announce Enforcement Actions Against 14 Servicers, LPS and MERS Hot Towels in Washrooms Threatened Once Again

FEDS Announce Enforcement Actions Against 14 Servicers, LPS and MERS Hot Towels in Washrooms Threatened Once Again

Still, I’m committed to covering this subject even when doing so means that I have to start drinking at 9:30 in the morning… kidding, I’m just kidding… so, here’s the news on the FEDS and their “enforcement actions,” and I... (Continue reading)

CalHFA’s $2 Billion Home Rescue Program… Here’s How Stupid They Think We Are.

CalHFA's $2 Billion Home Rescue Program... Here's How Stupid They Think We Are.

You see, it’s a very well thought out no-lose proposition, this new California foreclosure rescue program… because if the banks refuse to participate in it, which would kill the whole principal reduction aspect of the plan, it’s really not a... (Continue reading)

Obama’s Speech Avoids Using the “N” Word…

Obama's Speech Avoids Using the

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)

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After One Year, Obama Plan to Help Modify Second Mortgages Modifies NONE Nada, Ziperino!

After One Year, Obama Plan to Help Modify Second Mortgages Modifies NONE Nada, Ziperino!

The plan was announced last April. Treasury released guidelines in August. And five weeks ago, Bank of America, with three million seconds, signed up. Five weeks ago. Stop it… they’ve been busy.... (Continue reading)


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