Posts Tagged ‘SEC’

Where did the billions go when banks settled with our government?

Written on 28 Dec, 2015 at 13:14

What if there had been $50 billion to spend on helping homeowners avoid foreclosure. That would be more than we've spent to-date on foreclosure prevention. ... (Continue reading)

Mandelman’s Monthly Museletter – Version 16.0

Written on 30 Nov, 2011 at 17:15

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)

Tagged with: bailouts bank of america banking lobby CDOs citibank citigroup credit default swaps diana olick double dip downgrade ratings of banks economic recovery economy Fannie Mae FDIC FDIC Chair Sheila Bair Federal Judge Jed S. Rakoff Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Gary Trafford Geraldine Sheppard Goldman Sachs HAMP HousingWire Indymac bank JP Morgan Chase jpmorgan chase KLAS-TV las vegas foreclosures lender processing services loan modification loan modifications LPS Making Home Affordable Plan mandelman mandelman matters Mandelman's Monthly Museletter martin andelman max gardner ml-implode morgan stanley mortgage backed securities mortgage crisis mortgage refinancing mortgage servicers NACA Nevada AG obama administration OCC proposes credit rating duties go to banks one west bank PMI Group Inc. PMI Mortgage Insurance Co. president obama recession REST Report robo-signers SEC securitization Standard & Poors TARP Tracy Lawrence Treasury Secretary Tim Geithner trial modifications unemployment wall street bankers wells fargo bank

If at first you don’t succeed, CRIME, CRIME again.

Written on 27 Feb, 2011 at 10:32

I'm not going to attempt to write some scathing or potentially insightful commentary about Mr. Mozilo, I'm sure that's been done many times before, and frankly... he bores me to no end. But, at the same time I felt... (Continue reading)

Ratings Agencies Panic: New Financial Reform Bill Means Expert Liability

Written on 21 Jul, 2010 at 19:16

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)

Tagged with: bank of america barney frank bond market Christopher Dodd Committee on Financial Services Credit Ratings Agencies Dodd-Frank Act Fannie Mae FHA financial crisis financial reform bill Fitch Fitch Ratings foreclosure crisis Freddie Mac Globe Investor Goldman Sachs HAMP jpmorgan chase loan modifications mandelman matters martin andelman ml-implode Moody's morgan stanley mortgages NACA naked capitalism Nationally Recognized Statistical Ratings Organizations NRSRO president obama Regulation FD Rule 436(g) SEC standard and Poors Tara Perkins TARP wall street bankers Yves Smith

Bringing Up the Rear: Lloyd Blankfein, CEO, Goldman Sachs

Written on 2 Jun, 2010 at 6:22

Just think how it would have looked... Blankcheck would have said: "Gee, I couldn't tell you about the ins and outs of those billions we made," and someone would have walked over and whacked him with a good size stick.... (Continue reading)

Tagged with: CEO of Goldman Sachs Christopher Dodd derivatives FINANCIAL REFORMS foreclosures Justice Department Llyod Blankfein loan modifications SEC Senate Subcommittee Senator Levin synthetic CDO wall street bankers Wall Street Reform and Consumer Protection Act