Supporting, Informing & Connecting People in Foreclosure
Federal Reserve Blocks New Foreclosure Regulations
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WASHINGTON -- Top policymakers at the Federal Reserve are fighting efforts to rein in widely reported bank abuses, sparking an inter-agency feud with the FDIC and the Treasury Department. The Fed, along with the more bank-friendly Office of the Comptroller of the Currency, is resisting moves to craft rules…
ContinueAdded by Capt. Jack on December 22, 2010 at 10:43am — 1 Comment
Deutsche Bank to pay over $550M in fraud probe
Copyrights...link only.
Let's just call the $550M "Vig" money...
Added by Capt. Jack on December 21, 2010 at 4:20pm — No Comments
Rising Star Shorts: Bank of America and Lender Processing Services
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You may have been hearing about the various mortgage fraud scandals ripping through Wall Street and the economy. We believe the problems are real, though their full extent remains unknown. At the Dada portfolio, we've decided to put a little bit of capital into betting… ContinueAdded by Capt. Jack on December 21, 2010 at 4:16pm — No Comments
In One Day, Federal Reserve Posts $8 Billion In Unrealized Capital Losses (And Possibly Double That)
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Today we get a brief glimpse of what will happen to the Fed's balance sheet when rates surge. In the span of one day, the Fed took an $8 billion unrealized loss on its $1.07 trillion in Bonds, TIPS and Agencies. It also likely…
ContinueAdded by Capt. Jack on December 14, 2010 at 11:05pm — No Comments
Added by Capt. Jack on December 14, 2010 at 10:22am — No Comments
A Secretive Banking Elite Rules Trading in Derivatives
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On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.
The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance.…
ContinueAdded by Capt. Jack on December 13, 2010 at 5:09pm — 1 Comment
Fireworks? Ron Paul Gets Gavel for Fed Panel
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By Danny Yadron
Rep. Ron Paul, the Texas Republican who has passionately called for dismantling the Federal Reserve, will be running the panel that oversees the central bank when Republicans take the House majority next year.
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Audit the Fed, Fannie and Fannie immediately. Put an…
ContinueAdded by Capt. Jack on December 9, 2010 at 2:12pm — 1 Comment
Added by Capt. Jack on December 6, 2010 at 2:16pm — 2 Comments
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The big banks claim that they have paid back all of the bailout money they received, and that the taxpayers have actually made money on the bailouts.
However, as Barry Ritholtz notes:
Pro Publica has been…
ContinueAdded by Capt. Jack on December 6, 2010 at 2:04pm — No Comments
Added by Capt. Jack on December 4, 2010 at 12:58pm — 1 Comment
Visit msnbc.com for breaking news,…
ContinueAdded by Capt. Jack on December 3, 2010 at 1:34pm — No Comments
Added by Capt. Jack on December 1, 2010 at 1:32pm — No Comments
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