Finance / NEW (NEW CENTURY FINANCIAL CP)

Many years ago someone took out an ad in a hippie underground newspaper.  The ad offered "legal grass" for $20.00 a bag.  When the fools who answered the ad received their product in the mail, it turned out to be lawn clippings. Fast forward 35 years. Deceiving the public not only continues, but it has walked through the doors of legitimate business and taken up residency on the top ...

The "Paulson Put," Presidential Politics, and the Global Financial Meltdown (((Says summer 09..Very long but good timeline & footnotes. Bottom link may have problem. Google "Paulson Put" easier.))) The "Paulson Put," Presidential Politics, and the Global Financial Meltdown Part II: Fatal Reversal- Single Payer and Back Thomas Ferguson and Robert Johnson1 This paper continues our study of how a ...

Inside the meeting that saved the world . How the seven richest nations went all in on a plan that brought the global economy back from the brink . by Andrew Coyne / Macleans on Tuesday, October 13, 2009 . http://www2.macleans.ca/2009/10/13/inside-the-meet ing-that-saved-the-world/ Inside the meeting that saved the world - The meeting was not going well. On Friday, Oct. 10, 2008, ...

Quote from Scataphagos: What about the "failed moral compass" of the Government? 1. Mandating banks make loans to obviously non-qualified borrowers. 2. Mandating Freddie and Fannie to buy those crappy loans from banks... all with taxpayer backstop... Confused again Scat? The CRA required regulated banks to loan to the working poor, but they had had a ...

Wall Street's Near-Meltdown Gave Rise to New Lies About the Economy, All Designed to Blame Anyone But Those Responsible Nomi Prins Wiley Press September 29, 2009 To hear it from the big financial companies, the big crash started when poor people bought homes they couldn't afford. But that was at most 1% of the problem. Editor's note: The following is an excerpt from Nomi Prins' new book, "It ...

Hopefully we will find out definitively through an audit of the toxic mortgages whether the majority were related to the sub prime lending that took place outside or inside the purview of Fannie and Freddie. But, we really already know that private sector loans, not Fannie or Freddie, triggered the crisis. The Republican theory on the collapse as stated on this board is ridiculous and not even ...

Wall Street's Near-Meltdown Gave Rise to New Lies About the Economy, All Designed to Blame Anyone But Those Responsible By Nomi Prins, Wiley Press Posted September 29, 2009 To hear it from the big financial companies, the big crash started when poor people bought homes they couldn't afford. But that was at most 1% of the problem Editor's note: The following is an excerpt from Nomi Prins' new book...

MPG http://www.maguireproperties.com/properties.php http://www.realtimetraders.com/ArticleView.aspx?Id =1035667 RTTNews) - Maguire Properties, Inc. (MPG: News ) said it has completed a deed in lieu transaction of Park Place I office featuring 1.7 million square feet and the sale of certain parking areas and development rights within the Park Place campus in Irvine,...

Where's the change? Where are the subprime perp walks? Three years after the housing bubble popped, prosecutors have yet to bring a major case tied to the subprime fiasco. What gives? http://money.cnn.com/2009/09/15/news/subprime.perp walk.fortune/ Last Updated: September 16, 2009: 3:40 AM ET NEW YORK (Fortune) -- Where are the perp walks for the subprime mortgage executives that...

Tangelo in the headlines again http://www.latimes.com/business/la-fi-cover-mozilo 30-2009aug30,0,2168508.story Is Angelo Mozilo a villain or just vilified? The former Countrywide chief is awaiting verdicts in the courtroom and history. By E. Scott Reckard August 30, 2009 When David Gautreaux volunteered to assist at a charity golf tournament in Thousand Oaks two years ago, he was ...