Comments on: Massachusetts Subpoenas MBIA and Ambac Over Disclosure http://www.nakedcapitalism.com/2008/01/massachusetts-subpoenas-mbia-and-ambac.html Mon, 23 Nov 2009 05:03:06 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2008/01/massachusetts-subpoenas-mbia-and-ambac.html#comment-3367 Anonymous Sat, 26 Jan 2008 22:52:00 +0000 http://www.nakedcapitalism.com/2008/01/massachusetts-subpoenas-mbia-and-ambac-over-disclosure/#comment-3367 No one likes to admit that the cops and the crooks are cut from the same cloth. Spitzer was hated in the business community but wildly popular with the public at large as NY AG. It didn't hurt that he presented well in the media, apparently unlike Gavin.<br/><br/>Litigators are generally intense and obsessive. Some hide that better than others. No one likes to admit that the cops and the crooks are cut from the same cloth. Spitzer was hated in the business community but wildly popular with the public at large as NY AG. It didn’t hurt that he presented well in the media, apparently unlike Gavin.

Litigators are generally intense and obsessive. Some hide that better than others.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/01/massachusetts-subpoenas-mbia-and-ambac.html#comment-3357 Anonymous Sat, 26 Jan 2008 18:04:00 +0000 http://www.nakedcapitalism.com/2008/01/massachusetts-subpoenas-mbia-and-ambac-over-disclosure/#comment-3357 I like Galvin, he at least seems to be hunting for corruption and making headlines to educate people that there are issues which are suspect and in most cases illegal. I guess if you were on the side of the manipulation or someone party to non-public information that is exposed he would seem to be a scumbag. He serves a need, as in looking into the bond fraud in Florida and this issue related to Ambac; whats not to like with this scumbag? I like Galvin, he at least seems to be hunting for corruption and making headlines to educate people that there are issues which are suspect and in most cases illegal. I guess if you were on the side of the manipulation or someone party to non-public information that is exposed he would seem to be a scumbag. He serves a need, as in looking into the bond fraud in Florida and this issue related to Ambac; whats not to like with this scumbag?

]]> By: sal http://www.nakedcapitalism.com/2008/01/massachusetts-subpoenas-mbia-and-ambac.html#comment-3351 sal Sat, 26 Jan 2008 13:27:00 +0000 http://www.nakedcapitalism.com/2008/01/massachusetts-subpoenas-mbia-and-ambac-over-disclosure/#comment-3351 Bill Galvin is a hack. This man is the classic scumbag MA politician. His nickname on Beacon Hill is the Dark Shadow. He is known for anonymously calling the local newspapers to plan stories to benefit himself. He strangely wonders around downtown boston by himself on a regular basis. This no-talent leach is not capable of comprehending the issues involved here and is not interested in these issues either. He’s not looking to help anyone but himself. Men like him make the world a worse place. Bill Galvin is a hack. This man is the classic scumbag MA politician. His nickname on Beacon Hill is the Dark Shadow. He is known for anonymously calling the local newspapers to plan stories to benefit himself. He strangely wonders around downtown boston by himself on a regular basis. This no-talent leach is not capable of comprehending the issues involved here and is not interested in these issues either. He’s not looking to help anyone but himself. Men like him make the world a worse place.

]]> By: doc hates SIFMA &amp; crooks http://www.nakedcapitalism.com/2008/01/massachusetts-subpoenas-mbia-and-ambac.html#comment-3343 doc hates SIFMA &amp; crooks Sat, 26 Jan 2008 06:20:00 +0000 http://www.nakedcapitalism.com/2008/01/massachusetts-subpoenas-mbia-and-ambac-over-disclosure/#comment-3343 Oy, but hyperactively related:<br/><br/>Sen. Richard Shelby, R-Ala., the senior Republican on the Senate Committee on Banking, Housing and Urban Affairs, said it's imperative to increase control over Fannie and Freddie before allowing the companies to take on additional risk.<br/>"Doing so in the absence of such a process enables thinly capitalized entities with recent accounting problems to provide a high-risk benefit to the wealthiest Americans without any real consideration of the need to do so or of the risks it presents to the taxpayer," Shelby spokesman Jonathan Graffeo said in an e-mail.<br/>Sen. Mel Martinez, R-Fla., said a better compromise would be to expand loan limits for a shorter period, 90 to 120 days. Then, those limits would expire unless lawmakers pass a long-delayed oversight bill, he said.<br/>The government agency that regulates Fannie and Freddie, the Office of Federal Housing Enterprise Oversight, said in a statement Thursday that raising the limits for Fannie and Freddie without providing stronger government control "would be a mistake." Fannie and Freddie both support the change. Oy, but hyperactively related:

Sen. Richard Shelby, R-Ala., the senior Republican on the Senate Committee on Banking, Housing and Urban Affairs, said it’s imperative to increase control over Fannie and Freddie before allowing the companies to take on additional risk.
“Doing so in the absence of such a process enables thinly capitalized entities with recent accounting problems to provide a high-risk benefit to the wealthiest Americans without any real consideration of the need to do so or of the risks it presents to the taxpayer,” Shelby spokesman Jonathan Graffeo said in an e-mail.
Sen. Mel Martinez, R-Fla., said a better compromise would be to expand loan limits for a shorter period, 90 to 120 days. Then, those limits would expire unless lawmakers pass a long-delayed oversight bill, he said.
The government agency that regulates Fannie and Freddie, the Office of Federal Housing Enterprise Oversight, said in a statement Thursday that raising the limits for Fannie and Freddie without providing stronger government control “would be a mistake.” Fannie and Freddie both support the change.

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