Posts Tagged ‘naked capitalism’

Attorney Tom Cox on Christopher Whalen, Servicers, Loan Mods and Me – A Mandelman Matters Podcast

Attorney Tom Cox on Christopher Whalen, Servicers, Loan Mods and Me - A Mandelman Matters Podcast

HousingWire posted Tom's response to Chris' piece, Chris responded with another post on HousingWire... then Tom came back with a post on Naked Capitalism, with commentary by Yves, and somewhere in there Adam Levitin responded too. Lord only knows... (Continue reading)

Dave Dayen Does Great Job Describing “Government Cowardice” and Donovan’s Complicity “Selling” the National Mortgage Settlement

Dave Dayen Does Great Job Describing “Government Cowardice” and Donovan’s Complicity “Selling” the National Mortgage Settlement

Dayen’s article is still an outstanding piece of work that I very much appreciated. It saved me from having to read Smith’s final report, and he wrote it in such a way that I think it represents the perfect... (Continue reading)

OBLABLA or MITTENS for President in 2012? Here’s how I’m going to choose…

OBLABLA or MITTENS for President in 2012?  Here's how I'm going to choose...

"While Paulson didn’t want to write down mortgages, the single biggest factor in determining whether the American middle class has any stored wealth, Paulson was willing to do so in response to pressure. Barack Obama... (Continue reading)

The Top Twelve Reasons Why You Should Hate the Mortgage Settlement – Yves Smith

The Top Twelve Reasons Why You Should Hate the Mortgage Settlement - Yves Smith

Here's the deal... I wrote a year ago when the whole AG/banker political circus started that I was not going to follow it, not going to write about it, and certainly not care about it. It was a colossal... (Continue reading)

GUEST POST: Bob Cratchit Speaks Out on Christmas Foreclosure Freezes, Rated ‘PG-13’

GUEST POST: Bob Cratchit Speaks Out on Christmas Foreclosure Freezes, Rated ‘PG-13’

Every year I take a whole week off at Christmastime. Of course, it wasn’t always that way. When I started working for my Uncle Scrooge years ago, he never would have allowed that. In fact, back then,... (Continue reading)

Sitting in at Max Gardner’s UCC Seminar at New York Law School…

Sitting in at Max Gardner's UCC Seminar at New York Law School...

So... if you're wondering why I'm writing this right now, as education is raining down all around me? Well, it's because this is like being at the All-Star Game of the foreclosure crisis. It's just packed with high... (Continue reading)

I, Robosigner… A three act play about affidavit fraud in AG Masto’s Nevada

I, Robosigner… A three act play about affidavit fraud in AG Masto’s Nevada

… Faster than a NINJA loan originating at Wamu… More powerful than an unlimited warehouse line at Lehman Bros… able to see swaps and synthetics even when inside an SPE… Look, up in the sky… It’s a bird… It’s a... (Continue reading)

Only One Paycheck Away from Disaster… No kidding, really? Go figure.

Only One Paycheck Away from Disaster... No kidding, really?  Go figure.

Since then, we’ve been bubbled into financial ruin. We bought high and sold low, until our 401(k)s turned into 201(k)s, and then we doubled down on shares of Pets.com, never bothering to question how the company planned to deliver... (Continue reading)

Earth to Bankers, Earth to Bankers… Your Planet is Dying, You Must Evacuate, It’s Time to Come Home.

Earth to Bankers, Earth to Bankers... Your Planet is Dying, You Must Evacuate, It's Time to Come Home.

The bankers... yes, the very same bankers who leveraged up on garbage CDOs as if housing prices would never ever go anywhere but up are now supposedly shocked and dismayed that mortgage lending volumes don't seem to be "coming back,"... (Continue reading)

Tomorrow, February 3rd, is Call Your Attorney General Day to Get Tough on Foreclosure Fraud!

Tomorrow, February 3rd, is Call Your Attorney General Day to Get Tough on Foreclosure Fraud!

Tomorrow is call your Attorney General Day nationwide. I need you to take action here... it's time to be heard. The foreclosure crisis must be stopped and servicers must be held accountable for their crimes.... (Continue reading)

KA-BOOM! INVESTORS FILE SUIT: Bank of America, Countrywide and named executives committed “MASSIVE” SECURITIES FRAUD related to Mortgage-backed Securities

KA-BOOM!  INVESTORS FILE SUIT: Bank of America, Countrywide and named executives committed “MASSIVE” SECURITIES FRAUD related to Mortgage-backed Securities

So, if the investors that are supposed to own the loans that are supposed to be assigned to the trusts say the notes were never assigned to them, and therefore they say they don’t have the right to foreclose… how... (Continue reading)

Mass Hysteria – The Iabanez Decision by the Massachusetts Supreme Court

Mass Hysteria – The Iabanez Decision by the Massachusetts Supreme Court

The bankers have blown it, and they’ve blown it big. To me it looks like there are multiple swords hanging over the heads of the too-big-to-fail crowd. They report fake earnings based on suspended accounting rules… they lie... (Continue reading)

You Better Watch Out, I’m Telling You Why… BofA is Coming to Town… And, they might just break your door down!

You Better Watch Out, I’m Telling You Why… BofA is Coming to Town… And, they might just break your door down!

Well, I’d have to say nicely done there, Bank of America, all around. I mean, you managed to take a woman from sending you $15,000 to take over the home out of probate after her husband died… her “haven”... (Continue reading)

Watch Which Words You Use With Republicans – They Could Take Their Toys and Go Home

Watch Which Words You Use With Republicans – They Could Take Their Toys and Go Home

The Republican’s version of the report is said to be a whopping 13 pages long, and is expected to place the blame for the crisis squarely on the shoulders of poor people who wanted to buy houses, and how some... (Continue reading)

Alright Banker-People… That’s Enough. You’re Not Making Sense and You’re Making Me Dizzy

Alright Banker-People… That’s Enough.  You’re Not Making Sense and You’re Making Me Dizzy

You don’t think so? Then tell me what you think would happen if I walked into a courtroom and handed the judge a fraudulent set of documents requesting that he ignore procedures designed to protect property rights in this... (Continue reading)

THE SiGNiNG… Or, Pardon me, Mr. Banker, but your REMIC is showing.

THE SiGNiNG... Or, Pardon me, Mr. Banker, but your REMIC is showing.

So, why didn’t the bankers assign the loans to the trusts? I don’t know… for sure. But I’m going to go out on a limb here and tell you it’s because they wanted to borrow against them, and... (Continue reading)

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Bringing Up the Rear: Senator Christopher J. Dodd

Bringing Up the Rear: Senator Christopher J. Dodd

Now that Elizabeth Warren has been appointed to the post, albeit temporarily, support her with whatever support you can offer, Senator Dodd. Let the ones that oppose Elizabeth Warren stand naked in the light. And the American consumer….... (Continue reading)

Ratings Agencies Panic: New Financial Reform Bill Means Expert Liability

Ratings Agencies Panic: New Financial Reform Bill Means Expert Liability

Perhaps most notably, but least mentioned, the bill requires the credit rating agencies, Moody’s, Fitch, and Standard & Poors, to not only be more transparent, but also potentially liable for issuing “bad ratings” on bonds. The role of the... (Continue reading)

What We All Should Have Learned by Now About Loan Modifications

What We All Should Have Learned by Now About Loan Modifications

Okay class... if you've been keeping up with your reading assignments, then the following should be no problem for you to keep up with... but it also may cause motion sickness.... (Continue reading)


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