Monthly Archives: November 2010

November 30, 2010

• More on BofA Employee Damaging Admissions re Failure to Convey Mortgage Notes
  by Yves Smith 4:47 pm

• Guest Post: Scientists Confirm that Dispersants Are Increasing Contamination in the Gulf
  by George Washington 12:40 pm

• Links 11/30/10
  by Yves Smith 5:22 am

• Servicer-Driven Foreclosures: The Perfect Crime?
  by Yves Smith 4:30 am

• SEC Probes Sus Relationships of Expert Network Kingpin Gerson Lehrman
  by Yves Smith 12:40 am

November 29, 2010

• Credit Market Stress Intensifying: Corporate, High Yield Issuance Tanked in November
  by Yves Smith 10:48 pm

• Marshall Auerback: Bankers Gone Wild in Ireland AND Germany
  by Yves Smith 3:48 pm

• Credit Default Swap Volumes Fall Before Pending Rule Changes
  by Yves Smith 9:26 am

• Links 11/29/10
  by Yves Smith 9:11 am

• Richard Alford: “Quantitative Easing Explained” And Its Critics
  by Yves Smith 12:43 am

• Jim Quinn: Lies Across America
  by Yves Smith 12:40 am

November 28, 2010

• The plank in Schäuble’s eye
  by Richard Smith 2:38 pm

• Links 11/28/10
  by Yves Smith 5:28 am

• Tax Hikes, Status Competitiveness, and Social Stratification
  by Yves Smith 4:15 am

• Is the Recession Over, or is Extend and Pretend More Pervasive?
  by Yves Smith 3:15 am

November 27, 2010

• Guest Post: Greece → Ireland → Portugal → Spain → Italy → UK → ?
  by George Washington 3:19 am

• Links 11/27/10
  by Yves Smith 3:03 am

• More on the Damaging Implications of Corporate Cash-Hoarding
  by Yves Smith 2:52 am

• Guest Post: Will the Irish Crisis Spread to Italy?
  by Yves Smith 12:05 am

November 26, 2010

• Systemic coupling round-up
  by Richard Smith 10:11 am

• Links 11/26/10
  by Yves Smith 2:58 am

• Were US Auditors Told to Fudge Opinions of TBTF Banks?
  by Yves Smith 2:20 am

• China Wants Concessions for Mercantilism in Return for Rare Earths
  by Yves Smith 12:17 am

November 25, 2010

• Links Thanksgiving Day
  by Yves Smith 3:14 am

• 50 State Attorney General Mortgage Probe Rejects Idea of Global Settlement
  by Yves Smith 3:13 am

• Town May Seize Factory to Prevent Dismantling by Vengeful Owner
  by Yves Smith 2:04 am

November 24, 2010

• Guest Post: The Question Isn’t Whether the Fed Should Be Stripped of Its Mandate to Maximize Employment … The Question Is Whether the Fed Has Too Much Power
  by George Washington 9:02 pm

• Ramming home the lesson from Ireland
  by Richard Smith 6:02 am

• Links 11/24/10
  by Yves Smith 5:12 am

• “Waiting for Godot”, or “Endgame”?
  by Richard Smith 4:57 am

• Foreclosure Task Force: Worse Than Stress Tests?
  by Yves Smith 4:25 am

• Florida Kangaroo Foreclosure Courts: More Evidence of Favoritism Towards Banks
  by Yves Smith 3:55 am

November 23, 2010

• Econoparody: The Dollar and Its Diving
  by Yves Smith 12:00 pm

• Links 11/23/10
  by Yves Smith 5:24 am

• Countrywide Offers Not-Very-Convincing Explanation of Testimony on Its “Oops, We Still Have the Note” Snafu
  by Yves Smith 4:19 am

• South Korea Scrambles Jets in Retaliation for North Korean Fire on Populated Area
  by Yves Smith 2:51 am

• Guest Post: A recession to remember – Lessons from the US, 1937–1938
  by Yves Smith 1:42 am

• Guest Post: Two Cords of Wood – An Intimate Look at Unnecessary Foreclosure
  by Yves Smith 12:51 am

November 22, 2010

• Levitin on the Dire Implications of “Securitization Fail”
  by Yves Smith 6:33 pm

• Links 11/22/10
  by Yves Smith 5:50 am

• Why MERS Needs to be Taken Out and Shot
  by Yves Smith 5:45 am

• Tom Adams: Failure to Transfer Notes a Serious Issue for Countrywide and Its Trustee
  by Yves Smith 5:30 am

• The British mess (II)
  by Richard Smith 5:21 am

• Chomsky Calls ECONNED “Great”
  by Yves Smith 5:16 am

November 21, 2010

• Countrywide Admits to Not Conveying Notes to Mortgage Securitization Trusts
  by Yves Smith 3:09 pm

• Links 11/21/10
  by Yves Smith 3:07 am

• Guest Post: The Fed Is Saying One Thing But Doing Something Very Different
  by George Washington 2:53 am

• Is Student Debt the Next Front in the Consumer Debt Crisis?
  by Yves Smith 1:58 am

• Foxes Now Minding Very Big Henhouse: Foreclosure Fraud Investigations Use Law Firm Deeply Involved with Major Servicer
  by Yves Smith 12:12 am

November 20, 2010

• Guest Post: BP Controlling University Research, and Professor Who Downplayed Oil Spill Called a “Shill” By Fellow Professor
  by George Washington 1:53 pm

• Links 11/20/10
  by Yves Smith 3:48 am

• So Who Benefits From Protracted Foreclosures? Servicers!
  by Yves Smith 3:42 am

November 19, 2010

• Mirabile Dictu: SEC Finally Going After Business of Selling Inside Information
  by Yves Smith 11:16 pm

• Ring a Ring o’ Roses
  by Richard Smith 1:02 pm

• Links 11/19/10
  by Yves Smith 5:13 am

• Stockman Savages Buffett Op-Ed, Bailout Canards
  by Yves Smith 4:58 am

• Senate, House Hearings on Foreclosure Fraud Cast Doubt on Deadbeat Borrower Meme
  by Yves Smith 4:28 am

• Noose Closing on Ireland
  by Yves Smith 4:21 am

November 18, 2010

• Stoller: A Debtcropper Society
  by Yves Smith 2:41 pm

• Last Word Segment on Servicer Abuses
  by Yves Smith 11:43 am

• Links 11/18/10
  by Yves Smith 5:04 am

• Will MERS Exam Be a Whitewash?
  by Yves Smith 4:50 am

• Ireland Brinksmanship with the EU: Slow Motion Bank Run May Be Giving Government Leverage
  by Yves Smith 2:52 am

November 17, 2010

• HR 3808 Interstate Recognition of Notarization Concerns Appear Overblown
  by Yves Smith 4:38 pm

• Homeowners Accuse Chase of Perjury in Senate Banking Committee Hearings
  by Yves Smith 1:44 pm

• Links 11/17/10
  by Yves Smith 6:09 am

• Congressional Oversight Panel Takes Tough Stand on Mortgage Documentation Problems
  by Yves Smith 5:55 am

• Senate Hearing on Foreclosure Mess Goes Badly for Banks
  by Yves Smith 4:30 am

• On Bank of America’s Loan-by-Loan Fight in Putbacks
  by Yves Smith 4:20 am

• Rumors of Negotiations on Settlement of 50 State Attorney General Foreclosure Probe
  by Yves Smith 1:18 am

November 16, 2010

• Links 11/16/10
  by Yves Smith 4:47 am

• More Mortgage Securitization Industry Propaganda Via New York Times, SIFMA
  by Yves Smith 4:39 am

• Chris Hedges: Death of the Liberal Class
  by Yves Smith 12:20 am

November 15, 2010

• Auerback: G20 Post-mortem – “Chimerica” has been a Chimera
  by Yves Smith 8:13 pm

• …or maybe the ECB isn’t the point at all
  by Richard Smith 9:09 am

• ECB into the breach?
  by Richard Smith 8:04 am

• The Irish mess (VII), and a spot of Portugal
  by Richard Smith 6:26 am

• Links 11/15/10
  by Yves Smith 3:01 am

• More Evidence That Mortgage Loans Were Not Properly Conveyed to Securitization Trusts
  by Yves Smith 2:26 am

November 14, 2010

• Links 11/14/10
  by Yves Smith 5:20 am

• Robert Shiller Advocates and Engages in NewSpeak and Dubious Analysis in NYT Piece
  by Yves Smith 5:15 am

• Florida Court Case Finds Robo Signing Not Enough to Stop Foreclosure
  by Yves Smith 4:51 am

November 13, 2010

• Extend and Pretend: A 40 Year, 2% Loan Mod
  by Yves Smith 10:59 am

• Links 11/13/10
  by Edward Harrison 8:21 am

• Antidote du Jour
  by Yves Smith 3:11 am

• “Money and the Midterms: Are the Parties Over? Interview with Thomas Ferguson”
  by Yves Smith 3:06 am

November 12, 2010

• Guess about Mish
  by Richard Smith 12:03 pm

• Twitter joke trial
  by Richard Smith 9:27 am

• Links 11/12/10
  by Edward Harrison 8:45 am

• Perfect Storm – February 2013?
  by Richard Smith 5:44 am

• The Irish Mess (VI)
  by Richard Smith 5:24 am

• Antidote du Jour
  by Yves Smith 2:42 am

November 11, 2010

• Links Veterans’ Day
  by Yves Smith 4:01 am

• Bank of America Allegedly Foreclosing Fraudulently in Kentucky
  by Yves Smith 3:45 am

• Guest Post: Open Letter To Alan Simpson & Erskine Bowles Chairmen Of The U.S. Deficit Commission – Regarding Proposed Changes To Social Security »
  by Yves Smith 12:12 am

November 10, 2010

• Part 2 of Real News Network Interview: “The Turkey Votes for Thanksgiving”
  by Yves Smith 5:02 pm

• Alford: The Fed Tests The Thesis That Two Wrongs Don’t Make A Right, But Three Do
  by Yves Smith 12:57 pm

• Links 11/10/10
  by Yves Smith 4:11 am

• G20 Proposes Fig Leaf Regulatory Regime for Biggest Banks
  by Yves Smith 3:08 am

• We Speak to Real News Network About QE2
  by Yves Smith 12:05 am

November 9, 2010

• Lobbying to Keep the Capital Markets a Casino
  by Yves Smith 3:09 pm

• Securitization Trustees in the Crosshairs in Mortgage Mess
  by Yves Smith 1:39 pm

• Links 11/9/10
  by Yves Smith 3:26 am

November 8, 2010

• Auerback: How Do You Say “Hypocrite” in German?
  by Yves Smith 7:11 pm

• The Irish mess (V)
  by Richard Smith 8:03 am

• Links 11/8/10
  by Yves Smith 4:53 am

• Auerback: Amateur Hour at the Federal Reserve
  by Yves Smith 4:00 am

• “The Mortgage Loan Foreclosure Mess: the Banks’ Gluttony; Problems with MERS and Sloppy Securitizations”
  by Yves Smith 3:34 am

• Costello: On Trade
  by Yves Smith 1:50 am

November 7, 2010

• John Hussman on QE2, Bernanke’s Recklessness, and the Fed’s Constitution-Abusing Quasi-Fiscal Role
  by Yves Smith 8:08 pm

• Links 11/7/10
  by Yves Smith 5:15 am

• The US Becoming More Like Japan: Controlled Press Edition
  by Yves Smith 4:19 am

• Guest Post: Even Greenspan Admits that Moral Hazard and Fraud are the Main Problems
  by George Washington 4:10 am

• “The Blue Ocean in RED”
  by Yves Smith 3:20 am

November 6, 2010

• Links 11/6/10
  by Yves Smith 6:17 am

• Bank of America Refuses to Play Ball With Overhyped Pimco/Fed/Blackrock Putback Letter
  by Yves Smith 5:31 am

• QE2: Bernanke Cuts Geithner Off at the Knees
  by Yves Smith 4:08 am

November 5, 2010

• Obama’s Problem Simply Defined: It Was the Banks
  by Richard Smith 6:42 pm

• Hands, burnt fingers, and American mortgages
  by Richard Smith 9:25 am

• Links 11/5/10
  by Yves Smith 1:11 am

• The Irish Mess (IV)
  by Richard Smith 1:06 am

• Guest Post: Corruption as a Barrier to Entry
  by Yves Smith 1:00 am

November 4, 2010

• “Rules of Our Society Should Not Be Bought and Sold”: Roosevelt Election Roundup
  by Richard Smith 5:00 pm

• Links 11/4/10
  by Yves Smith 3:00 am

• Bernanke Versus Pimco’s Mohamed El-Erian on QE2
  by Yves Smith 2:43 am

• Guest Post: Another Nobel Economist Says We Have to Prosecute Fraud Or Else the Economy Won’t Recover
  by George Washington 1:01 am

• Guest Post: Currency Wars and Emerging Markets
  by Yves Smith 12:02 am

November 3, 2010

• PBS on Corporate Campaign Donations
  by Yves Smith 7:28 pm

• Fed Statements Side By Side
  by Yves Smith 3:04 pm

• Links 11/3/10
  by Yves Smith 4:29 am

• Is the US Taking Too Much of the Brunt of the Crisis Aftermath?
  by Yves Smith 4:26 am

November 2, 2010

• Konczal: Make Your Voice Heard with a Comments Submission for the Volcker Rule
  by Yves Smith 1:04 pm

• Links 11/2/10
  by Yves Smith 6:31 am

• On Voting as a Duty Versus Voting as a Right
  by Yves Smith 5:16 am

• Auerback: On McArdle’s Fuzzy Deficit Accounting
  by Yves Smith 4:41 am

• Guest Post: Tests Now Being Conducted for Corexit and Oil … Results Not Very Reassuring
  by George Washington 12:54 am

November 1, 2010

• Grayson Calls For Big Banks to Hold Extra Capital Against Title Insurance Indemnifications
  by Yves Smith 6:55 pm

• SEC Investigating Magnetar, JP Morgan Dealings on Subprime CDO
  by Yves Smith 4:15 pm

• Bank of America’s Servicing Nightmare
  by Yves Smith 9:53 am

• Links 11/1/10
  by Yves Smith 5:20 am

• Germany Draws Line in the Sand on Eurozone Bailouts, Insists Bondholders Take Pain
  by Yves Smith 3:40 am

• Mirabile Dictu! Debt Collection Robo Signers Make Bank Foreclosure Robo Signers Look Good
  by Yves Smith 2:22 am

• Tom Ferguson: Obama’s Economic Policies Failed
  by Yves Smith 12:49 am