Monthly Archives: January 2011

January 31, 2011

• Links 1/31/10
  by Yves Smith 5:18 am

• FCIC Report Misses Central Issue: Why Was There Demand for Bad Mortgage Loans?
  by Yves Smith 4:07 am

• The US State Department’s Position on Egypt
  by Yves Smith 2:29 am

• More Judges Pushing Back on Dubious Foreclosure Documents
  by Yves Smith 1:28 am

• How Banks Influence People in High Places
  by Yves Smith 12:36 am

January 30, 2011

• Guest Post: Israeli, Saudi and American Leaders Say Arabs Are Not Ready for Democracy
  by George Washington 5:34 pm

• John Bougearel: Claims the Job Market Will Boom Are Entirely Unsubstantiated
  by Yves Smith 4:47 am

• Links 1/30/11
  by Yves Smith 4:29 am

• Guest Post: Is the Egyptian Government Using Agents Provocateur to Justify a Crack Down On the Protesters?
  by George Washington 4:28 am

• What if China’s GDP is Seriously Overstated?
  by Yves Smith 2:31 am

January 29, 2011

• Links 1/29/11
  by Yves Smith 5:46 am

• New York Times’ Joe Nocera Blames Crisis on “Mania”, Meaning Victims
  by Yves Smith 5:37 am

• Bank of America Fighting to Reverse Foreclosure Freeze in Nevada
  by Yves Smith 2:30 am

• Marshall Auerback Speaks on BNN About Implications of Unrest in the Middle East
  by Yves Smith 12:02 am

January 28, 2011

• Guest Post: Inequality In America Is Worse Than In Egypt, Tunisia Or Yemen
  by George Washington 9:01 pm

• 8 PM EST Watch Dylan Ratigan Town Hall Session on Jobs, Innovation
  by Yves Smith 6:53 pm

• Links 1/28/11
  by Yves Smith 5:46 am

• Daniel Pennell: Mortgage Shenanigans in Virginia (The Wall Street – Washington – Richmond Axes)
  by Yves Smith 5:19 am

• The FCIC, in Lockstep with the Officialdom, Refuses to Use the “C” Word
  by Yves Smith 3:55 am

• FCIC Insider: “I Can’t Believe They Suborned Brooksley Born”
  by Yves Smith 3:07 am

January 27, 2011

• Links 1/27/11
  by Yves Smith 3:49 am

• Ian Fraser: Is the House of Lords’ Crisis Inquiry Putting the FCIC to Shame?
  by Yves Smith 3:27 am

• Quelle Surprise! Goldman Profited From AIG Bailout Via Abacus Trades (You Read It Here First)
  by Yves Smith 3:05 am

• US Bankruptcy Trustee Takes Interest in “Ta Dah” Documents Mysteriously Appearing in Foreclosures (aka Probable Fabrications)
  by Yves Smith 3:03 am

January 26, 2011

• FCIC Insiders Say Report Gives Wall Street a Free Pass, Simply Sought to Validate Conventional Wisdom About Crisis
  by Yves Smith 3:53 pm

• Links Australia Day 2011
  by Yves Smith 3:48 am

• American Lose Faith in Pretty Much All Big Organizations, Especially Banks and Corporations
  by Yves Smith 2:47 am

• Virginia Legislature Proves Who Really Rules: Pro Consumer Mortgage Bills Sent to Siberia
  by Yves Smith 2:12 am

• Iowa Attorney General Tom Miller, Head of 50 State Investigation, Retreats From “Tough With Banks” Stance
  by Yves Smith 12:02 am

January 25, 2011

• Guest Post: America’s Middle Eastern Puppet Regimes Are Falling Like Dominoes
  by George Washington 11:15 pm

• Ambac Accues JP Morgan of Fraud in Ongoing Mortgage Suit
  by Yves Smith 3:24 pm

• Links 1/25/11
  by Yves Smith 3:39 am

• State Banks, or, If You Can’t Regulate TBTF Banks, Why Not Compete Instead?
  by Yves Smith 2:02 am

January 24, 2011

• Bill Black: Why our Fundamental Approach to Banking Regulation is Inherently Unsound
  by Yves Smith 10:53 pm

• Financial Crisis Inquiry Commission Makes Criminal Prosecution Referrals
  by Yves Smith 9:51 pm

• Guest Post: Robert Shiller Argues That Rising Inequality In The US Was A Major Cause Of The Recent Crisis, And Little Is Being Done To Address It
  by George Washington 9:02 pm

• Links 1/24/11
  by Yves Smith 12:56 am

• Ian Fraser: Myopic Metrics and Blind Alleys for High Finance – and Big Oil, too
  by Richard Smith 12:53 am

• Roger Ehrenberg’s Prescription for Robbing a Bank (the TBTF Variety)
  by Yves Smith 12:51 am

• John Hempton: What to do with Fannie and Freddie
  by Yves Smith 12:05 am

January 23, 2011

• MERS Exposed II: General Counsel Tells Whoppers in Testimony Before Virginia House
  by Yves Smith 6:35 am

• MERS Exposed I: Process Expert Catalogues Fundamental Flaws
  by Yves Smith 5:35 am

• Links 1/23/11
  by Yves Smith 5:20 am

January 22, 2011

• Links 1/22/11
  by Yves Smith 3:59 am

• Connecting the Dots Between China’s Falling Consumption Level and Its Banking Crisis
  by Yves Smith 3:37 am

• Lender Processing Services Has Yet Another Bad Day in Court
  by Yves Smith 1:24 am

• Jesse Hearts ECONNED
  by Yves Smith 1:23 am

January 21, 2011

• Mass Supreme Court to Consider Whether Buyers Out of Faulty Foreclosures Actually Own Property
  by Yves Smith 9:29 am

• Matt Stoller: The Real China Problem Runs Through JPM and Goldman
  by Yves Smith 8:30 am

• Links 1/21/11
  by Yves Smith 3:13 am

• Bank Board Member Proposes Legislation in Virginia to Change UCC to Help Banks Escape Foreclosure Woes
  by Yves Smith 1:47 am

• Guest Post: “The Vast Majority Of This Contraction Of Credit Availability To American Industry Has Been By The Larger Banks”
  by George Washington 1:09 am

• More Evidence of Undercapitalization/Insolvency of Major Banks
  by Yves Smith 12:05 am

January 20, 2011

• Sugar High or Growth from Sustainable Economic Policy?
  by Edward Harrison 11:38 am

• Links 1/20/11
  by Yves Smith 3:54 am

• To Bailout or Not to Bailout: Mortgage Mess Endgames Emerging
  by Yves Smith 3:44 am

• Banks Halting Foreclosures in Parts of Florida
  by Yves Smith 1:27 am

January 19, 2011

• 2011: The Year For Cautious Optimism?
  by Edward Harrison 8:36 am

• Links 1/19/11
  by Yves Smith 1:35 am

• What a “Get Tough With China” Stance Would Really Look Like
  by Yves Smith 1:12 am

January 18, 2011

• Guest Post: Most Economists Fall Back Into Neoclassical Stupor … “If They Don’t Know Anything, Then Why Should We Listen To Them?”
  by George Washington 6:37 pm

• Links 1/18/11
  by Yves Smith 5:25 am

• The Imagination Trade, or the Tinkerbell Market 2.0
  by Yves Smith 4:50 am

• The Goldman Uncertainty Principle of Securities Regulation
  by Yves Smith 3:36 am

• Past Rulings by New York Judge Schack Reached Ibanez-Like Conclusions
  by Yves Smith 3:00 am

• Guest Post: The puzzle of China’s rising household saving rate
  by Yves Smith 2:55 am

January 17, 2011

• Pending Legislation in VA Would Give End Use of MERS, Give Borrowers More Foreclosure Defenses
  by Yves Smith 4:49 pm

• Links 1/17/11
  by Yves Smith 5:24 am

• On the Lack of Left Wing Discourse in the Blogosphere
  by Yves Smith 4:04 am

• The Dangers of the Investment Bank Franchise Model
  by Yves Smith 2:36 am

January 16, 2011

• Links 1/16/11
  by Yves Smith 3:20 am

• NPR’s “Must Read”, As in Orthodoxy-Promoting, Economics Books
  by Yves Smith 3:10 am

• La Niña as Black Swan – Energy, Food Prices, and Chinese Economy Among Likely Casualites
  by Yves Smith 2:53 am

• Is Incoming New York Attorney General Schneiderman Going to Be Too Soft on Bank Abuses?
  by Yves Smith 12:14 am

January 15, 2011

• Guest Post: “The Fed No Longer Even Denies that the Purpose of Its Latest Blast of Bond Purchases … Is To Drive Up Wall Street
  by George Washington 8:05 am

• Links 1/15/11
  by Yves Smith 4:15 am

• Should We Believe Jamie Dimon’s Crocodile Tears Over How Much Mortgages Have Cost Banks?
  by Yves Smith 3:08 am

• More Reasons Why Banks Should Worry About Ibanez Decision
  by Yves Smith 1:34 am

• Dylan Ratigan on State/Local Public Pension Reforms
  by Yves Smith 12:01 am

January 14, 2011

• Greenspan Put, aka “Be Nice to Banks”, Trumped Recognition of Housing Bubble in 2005
  by Yves Smith 3:37 pm

• Links 1/14/11
  by Yves Smith 6:50 am

• SIGTARP on Citi Rescue: Ignoring a Bomb That Has Yet to Be Defused
  by Yves Smith 5:37 am

• Securitization Industry Defenders Present Even More Dubious Defenses
  by Yves Smith 4:11 am

• Chris Christie Hoist a Wee Bit on His Own Petard (Schadenfreude Watch)
  by Yves Smith 3:04 am

• Should We Buy Geithner’s Resistance to Naming “Systemically Important” Firms?
  by Yves Smith 2:28 am

January 13, 2011

• Outsized Pay on Wall Street Persists
  by Yves Smith 2:51 pm

• Marshall Auerback: Chinese Trade Policy Must Focus on Social Consequences
  by Yves Smith 1:32 pm

• Matt Stoller: Understanding the Strategy of the Democratic Power Class
  by Yves Smith 5:00 am

• Links 1/13/11
  by Yves Smith 4:54 am

• DC Puts Its Bankster-Friendly Solution for Foreclosure Fraud on the Table
  by Yves Smith 4:30 am

• Richard Alford: Why Has the PPIP Scandal Been Swept Under the Rug?
  by Yves Smith 12:17 am

January 12, 2011

• “The 20 Most Influential Blogs in Financial Media”
  by Yves Smith 5:06 pm

• Links 1/12/11
  by Yves Smith 5:46 am

• Barclays’ Bob Diamond to Non-Bankers: Drop Dead
  by Yves Smith 4:46 am

• Satyajit Das: European Death Spiral – End Games
  by Yves Smith 3:28 am

• Warning Sign or False Positive – Divergence Between Stock and Credit Markets on Eurobanks
  by Yves Smith 3:04 am

January 11, 2011

• SEC Enforcement Chief Khuzami Under Scrutiny Over Citi Settlement
  by Yves Smith 3:26 pm

• Satyajit Das: European Death Spiral – Communicable Diseases
  by Yves Smith 1:34 pm

• MIT Lecture by Charles Ferguson on the Financial Crisis
  by Yves Smith 9:15 am

• Links 1/11/11
  by Yves Smith 4:02 am

• Is Inflation About to Burst the Chinese Bubble?
  by Yves Smith 4:00 am

• Gingrich Touting State Bankruptcy Bill to Gut Pensions
  by Yves Smith 2:03 am

January 10, 2011

• Adam Levitin Takes Apart Securitization Industry Posturing on Ibanez, Harp Decisions
  by Yves Smith 5:09 pm

• FDIC Calls for Better Disclosure of Servicer Conflicts of Interest in Second Mortgates
  by Yves Smith 4:46 pm

• ASF Lies Yet Again, Brazenly Asserts That Ibanez Ruling Validates Reliance on PSA for Transfers, Blank Assignments
  by Yves Smith 2:53 pm

• Links 1/10/11
  by Yves Smith 4:08 am

• So What Else Has the American Securitization Forum Said That is Wrong?
  by Yves Smith 4:05 am

• Satyajit Das: European Death Spiral – Mission Unaccomplished
  by Yves Smith 3:15 am

January 9, 2011

• Broader Implications of Giffords Attack
  by Yves Smith 10:53 am

• Antidote du Jour
  by Yves Smith 2:28 am

January 8, 2011

• Links 1/8/11
  by Yves Smith 2:07 am

January 7, 2011

• Mass Supreme Court Rules Against Wells Fargo, Deutsche Case on Validity of Mortgage Transfers in Securitizations
  by Yves Smith 12:59 pm

• Links 1/7/11
  by Yves Smith 2:35 am

• US Trustee Sides With Borrowers in Foreclosures With Questionable Assignments, MERS
  by Yves Smith 1:57 am

• “Summer” Rerun: Brace for the Tsunami: Fitch, S&P Downgrade AIG (Updated Again)
  by Yves Smith 12:48 am

January 6, 2011

• Reader Notice
  by Yves Smith 5:00 pm

• Pending Massachusetts Supreme Court Ruling May Invalidate Securitization Mortgage Transfers
  by Yves Smith 12:51 pm

• JP Morgan Markets Its Latest Doomsday Machine (or Why Repo May Blow Up the Financial System Again)
  by Richard Smith 6:00 am

• NJ Public Pension Slugfest Reporting Omits 15 Years of Governors Stealing From Workers
  by Yves Smith 2:51 am

• Links 1/6/10
  by Yves Smith 2:48 am

• Would You Be Bullish About A Country with Five Years of Negative Real ROE?
  by Yves Smith 2:24 am

• HuffPo: Fed Reverses Position, Prepared to Rein in Mortgage Abuses
  by Yves Smith 12:12 am

January 5, 2011

• Guest Post: To Bee Or Not To Be?
  by George Washington 7:53 pm

• Fed Plans to End Tough Sanction Against Predatory Lending
  by Yves Smith 12:47 pm

• Guest Post: Humans Have Intentionally Modified Weather for Military Purposes and Climate Control for Decades
  by George Washington 11:41 am

• Links 1/5/11
  by Yves Smith 3:28 am

• Is a Tainter-Style Collapse in Our Future?
  by Yves Smith 2:54 am

• StopServicerScams Petition Featured on Dylan Ratigan
  by Yves Smith 1:40 am

January 4, 2011

• Attorney General Tom Miller Reneges on Promise to Prosecute Mortgage Fraud (Updated)
  by Yves Smith 12:50 pm

• Auerback: Drinking the Austerity Kool Aid in 2011
  by Yves Smith 12:22 pm

• Links 1/4/11
  by Yves Smith 4:42 am

• Amherst Securities: Investors Underestimating Severity of Housing Problem
  by Yves Smith 4:10 am

• How the Other Half Lives
  by Yves Smith 3:56 am

• “Citizens call for tough regulation of residential mortgage servicers”
  by Yves Smith 3:45 am

January 3, 2011

• Guest Post: Michael Hudson: Average Stock Held for 22 Seconds and Average Foreign Currency Position Held for 30 Seconds
  by George Washington 11:39 am

• Links 1/3/10
  by Yves Smith 2:40 am

• Emerging Battleground on Mortgage Abuses: Foreclosure Mills
  by Yves Smith 1:36 am

• Make Yourself Heard on Mortgage Abuses
  by Yves Smith 12:10 am

January 2, 2011

• Hans Rosling’s 200 Years of Global Health in Four Minutes
  by Yves Smith 12:37 pm

• Links 1/2/11
  by Yves Smith 1:28 am

• ‘Summer’ Rerun: Buiter Provokes Wrath at Jackson Hole, Says Fed Too Close to Wall Street
  by Yves Smith 12:49 am

January 1, 2011

• Links New Year’s Day
  by Yves Smith 12:23 am