Why? Because the government artificially inflated the housing market. They went to Fannie Mae and Freddie Mac and other mortgage companies and FORCED them to give loans and mortgages to people who couldn’t afford to pay them back. …
Read the original post:
the Government Housing Scam… | Desitn Real Estate Blog
The company will buy Tapulous, a mobile music game developer, for an undisclosed sum. This will be Disney’s first acquisition of a developer of apps as it is keen to expand in mobile games
Originally posted here:
Disney deal aims to tap apps market
Allied mortgage company survives despite repeated sanctions USA Today It wasn't until months later, the DePaulas allege, that they realized they'd become pawns in a scam . The buyer of the property the couple sold for $93000, … and more
Boston Globe Murphy casts vote for Wall Street reform New Britain Herald In response to what he termed “economic havoc created by a decade of Wall Street instability and excess,” US Rep. … Why We Must Pass the Wall Street Reform Bill Huffington Post (blog) Why a Bank-Bashing Populist Democrat Opposed the Wall Street “Reform” Bill The Nation. (blog) all 805 news articles
Capital-intensive companies could reconsider their investment plans because of the recent industrial unrest, says Manpower, one of the world’s biggest recruitment companies
Read the original post:
US groups wary of China strikes record
The global economy continues to cool with China’s purchasing index barely above contraction levels, weekly unemployment claims in the US not only stubbornly high but headed in the wrong direction, and the US ISM weaker than expected. Bloomberg reports China Manufacturing Slows for Second Month, PMI Shows.China’s manufacturing expanded at a slower pace for a second month in June, adding to signs that growth in the world’s third-largest economy is moderating. The Purchasing Managers’ Index …
Google threatened to ruffle feathers in the online travel world while opening a new front in its battle with Microsoft as it announced a $700m acquisition of travel technology group ITA Software
See the article here:
Google in $700m travel search deal
The creative force who helped turn Crispin Porter+Bogusky into the most lauded US advertising agency of recent years announced plans to leave the industry after clashing with some of its biggest clients
Here is the original post:
Advertising luminary Bogusky moves on
The US group is likely to slash more costs than originally planned as it seeks to justify the near £1bn price tag it will pay for the UK power systems provider
Original post:
Emerson deal to mean deep cuts at Chloride
The group’s iTunes store, which sells movies to buy or rent electronically, has grown faster than video-on-demand services operated by Comcast and Time Warner Cable
Originally posted here:
Apple targets on-demand film market
The mortgage financiers seized by the US government during the financial crisis have paid $635m in fees to banks this year, making them Wall Street’s biggest capital markets customers in the first half of 2010, according to recent analysis
Read more here:
Fannie and Freddie are Wall Street’s top customers
The US government has collected more than $10bn in cash, dividends and securities from its bail-outs of Citigroup – a sign that the financial sector’s quick rebound from the crisis is helping the authorities to make money on its rescue programmes
Continue reading here:
US collects $10.3bn from Citi bail-out
For those who claim there is not property bubble in China because of strong demand, let’s take a look a home prices to wages starting with a simple question: How long does it take you to buy this home? In the traffic congested city streets, an advertiser was busy handing out flyers for the newly constructed condos. “Beautiful homes, starting at 29,800 yuan per square meters”, one flyer ended up in the hands of a cab driver who was waiting in traffic. He looked at the flyer and thought “It takes …
Read this article:
How Long Does it take for the Average Chinese Worker to Buy a Home?
Bank One sold the loan to Fannie Mae. MERS did not bear the loss upon default. In fact, MERS is not the beneficial owner of the Note and only stands in the shoes as servicer. If the Property were to be sold at a sheriff’s …. S.E.C., saxon mortgage, scam , securitization, settlement, sewer service, shadow foreclosures, shapiro & fishman pa, short sale, siva, spear & hoffman, steven mnuchin, stock, STOP FORECLOSURE FRAUD, stop foreclosure fraud, stopforeclosurefraud.com …
Originally posted here:
'MERS' HAS NO STANDING: A Judge Who sees the truth |
Paving scam artists plead no contest to string of felonies Central Valley Business Times As a condition of remaining free on bail, if the three undertake any contracting work , it must be in accordance with the laws of the state in which they are … and more
Another US Senator Speaks Out Against Fraud and Abuse in For-Profit Education AACRAO Transcript At the hearing, Wall Street investor Steven Eisman compared the for-profit college sector to the subprime mortgage banking industry before its collapse, … Another US Senator Raises Doubts About For-Profit Higher Education Chronicle of Higher Education (subscription) all 12 news articles
Whose North, Whose South? SaharaReporters.com Or take the Ministry of Defense ND Education scam during Obasanjo's term, there was Mr. Evans, Alhaji Ibrahim, Alhaji Garba Matazo, Mr. Makounjola and so on …
Read the rest here:
Whose North, Whose South? – SaharaReporters.com
Defaulting borrowers who walk-away and had the capacity to pay or did not complete a workout alternative in good faith will be ineligible for a new Fannie Mae-backed mortgage loan for a period of seven years from the date of foreclosure. ….. In one common scam , the sellers, buyers, appraisers and lenders would all collude to secure an undocumented loan for more than a property’s actual worth, then they would split the revenues, before letting the property go into …
Continue reading here:
Just walk away and there will be an end to the horror. I await …
Most carmakers reported weaker US sales last month compared with May, leading some analysts to question whether they will reach their 2010 targets
More here:
Carmakers hit by waning consumer confidence
According to Fannie Mae’s Loan Quality Initiative, a buyer can be asked to provide documents such as moving company contracts, utility bills, and hazard insurance policies to confirm the primary residence. And if that’s not enough, …
Go here to read the rest:
Occupancy Fraud
There have been plenty of signs in recent months that the corporate world is falling out of love with China, but none more revealing than Jeff Immelt’s remarks on a Roman summer evening.
See more here:
GE chief gives vent to frustration over China
2012: Voters Nix Incumbents, Demand Financial Reform and Fed Fraud Audit Huffington Post (blog) … increased the chance that Americans would be on the hook for billions of dollars as the central bank began insuring Wall Street firms against collapse. … Fed Bought Junk Bonds In Maiden Lane Wall Street Rescue, But Didn't Tell Congress Huffington Post (blog) all 8 news articles
The forced sale is the latest twist in the bizarre history of the site which was bought for a record $14m four years ago
Here is the original post:
Sex.com up for sale again
Goldman executives responded to allegations that the bank was overly aggressive in calling collateral from AIG, noting the insurer had refused to share its own marks on the debt securities at the heart of the dispute
See more here:
AIG and Goldman trade blame for crisis
Daily Mail Judge condemns Banksy fraudsters as 'old-fashioned conmen' The Guardian The pair made tens of thousands of pounds from the scam and shattered confidence in the market for Banksy's work , the court heard. … Conmen avoid jail for selling fake Banksy prints Independent A CON ARTIST who made tens of thousands of pounds by selling fake Banksy … Croydon Advertiser all 20 news articles
WJTV Financial Reform: A Big Win For Consumers, a Big Loss For Investors CBS MoneyWatch.com (blog) Investors lost, Wall Street won. Taking the consumer side first, color me thrilled that Congress created a potentially strong Bureau of Consumer Financial … Americans need financial reforms Charlottesville Daily Progress all 142 news articles
Groups spun off from carmakers must diversify and cut costs to thrive
Continued here:
US health insurance trusts
Fed Bought Junk Bonds In Maiden Lane Wall Street Rescue, But Didn't Tell Congress Huffington Post (blog) It's been obvious since Day One that he's nothing but a hired fool for the large Wall Street financial entities. We're waiting… this is outrageously … How Washington blew its chance to bring real change to Wall Street . – Eliot … Slate Magazine Federal Reserve Made US Taxpayers Junk-Bond Buyers BusinessWeek Janet Tavakoli: 2012: Voters Nix Incumbents, Demand Financial Reform and Fed … Investing Contrarian W.C. Varones (blog) all 18 news articles
Washington Post Goldman CFO says firm lost money on risky deals The Associated Press David Viniar, CFO of the Wall Street giant, is addressing the firm's derivatives trading in testimony to a special panel investigating the financial crisis. … Financial crisis panel takes Goldman Sachs to task MarketWatch Will Wall Street ever apologize? Washington Post (blog) Special Treatment for JPMorgan? FOXBusiness BusinessWeek
WJTV Why a bank-bashing populist Democrat opposed the Wall Street 'reform' bill Capital Times No member of the House has been a harsher critic of the abuses of big banks and Wall Street than Ohio Democrat Marcy Kaptur. In particular, Kaptur condemned … Financial regulation: Not all on the same page The Economist Americans need financial reforms Charlottesville Daily Progress all 141 news articles
I don’t know about you but I am psyched. The prospects of an ongoing party for another decade are extremely good as the following chart shows. Dow Jones Industrial Average – 1999 to Present click on chart for sharper image Market participants put on their party hats and started cheering in 1999 when the DOW crossed 10,000 for the first time. They have been cheering pretty much nonstop ever since. Admittedly there was a bit of a party lag between early 2005 and late 2008 but the party …
More here:
Put on Your Party Hats – It’s Time to Party for Another Decade!
Aljazeera.net ' Wall Street leads in phony reform' Aljazeera.net According to MIT's Simon Johnson who writes The Baseline Scenario, it is the White House that is doing Wall Street's bidding while claiming the opposite. …
Go here to see the original:
‘Wall Street leads in phony reform’ – Aljazeera.net
Providence Equity Partners, the US private equity firm, has bought an Australia-based education business for $570m in a bid to expand the reach of its portfolio of education investments
See the rest here:
Providence pays $570m for education provider
The Fixer: Please send cash! It's me, honest! Vernon Hills Review So obviously, this is some sort of scam going around. Please add this $2500 to the total in your column. Thanks. Dear Lynn: You were smart to have second … and more
New York Daily News Con artist Guy de Chimay, who claims to be royalty, charged in $7 million … New York Daily News Guy de Chimay, a Manhattan financier who appeared in the 2006 TV documentary ” Wall Street Warriors,” had bolted to North Carolina after learning he was … ' Wall Street Warrior' Pleads Not Guilty to $7M Ponzi Scheme Charges Updated 4 … DNAinfo all 104 news articles
The Wall Street Fraud Watchdog Urges Former and Current BP Employees To Call … Earthtimes (press release) The Wall Street Fraud Watchdog is urging current or former BP employees who have just witnessed a huge devaluation in their 401-K account to call them. … and more