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The Rule of Law and the Mortgage Mess

DebtFree.net — Thu, 28 Oct 2010 23:00:13 +0000

The Chronicles of Atticus McShrugg are fiction, but intended to give relevant, timely and sometimes entertaining perspective into current events in the global financial crisis and international political economy from a free market perspective.—
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The Subprime Debacle, Part 2: New Testimony Reveals Citigroup Knew Exactly What Crap It Was Selling

DebtFree.net — Sun, 24 Oct 2010 23:00:11 +0000

“All those subprime and Alt-A mortgages written in the middle of the last decade? They were packaged and sold in securities. They have had huge losses. But those securities had representations and warranties about what was in them.—
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Mortgage Mess: Shredding the Dream

DebtFree.net — Thu, 21 Oct 2010 23:00:13 +0000

The foreclosure crisis isn’t just about lost documents. It’s about trust—and a clash over who gets stuck with $1.1 trillion in losses—
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Distressed bond trader Devaney ponders new fund

DebtFree.net — Tue, 05 Oct 2010 23:00:07 +0000

The iconic chief of United Capital Markets, the Key Biscayne, Florida-based securities broker-dealer, has snapped back from a bruising mortgage bond loss during the 2008 financial crisis and may…—
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Swan warns banks over mortgage rates increase

DebtFree.net — Mon, 04 Oct 2010 23:00:10 +0000

CANBERRA – Banks have been put on notice by the federal government and finance unions as the chances of an official interest rate rise today diminished marginally on the back of an indicator showing inflation pressures easing.At…—
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Wall Street Whispers: Toxic Home Prices

DebtFree.net — Tue, 28 Sep 2010 23:00:09 +0000

The toxic-asset dilemma of mortgage debt has moseyed over from Wall Street balance sheets to Main Street’s front door.—
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Judge Close to Accepting S.E.C.-Citigroup Settlement

DebtFree.net — Fri, 24 Sep 2010 23:00:13 +0000

The $75 million settlement between the S.E.C. and Citigroup involves the bank’s failure to adequately disclose its exposure to subprime mortgage debt.—
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