Monthly Archives: December 2010

December 31, 2010

• Links New Year’s Eve Day
  by Yves Smith 2:42 am

• Woman Deceased in 1995 Continued to Robo Sign Till at Least 2008
  by Yves Smith 2:04 am

• Floyd Norris Repeats “Big Banks Are Necessary/Desirable” Canard
  by Yves Smith 12:38 am

December 30, 2010

• Links 12/30/10
  by Yves Smith 1:45 am

December 29, 2010

• We Speak on Real News Network About Stimulus and Tax Cuts
  by Yves Smith 12:06 pm

• Guest Post: Underneath the Happy Talk, Is This As Bad as the Great Depression?
  by George Washington 2:29 am

• Links 12/29/10
  by Yves Smith 2:15 am

• Perry Mehrling: Should Anyone Be Surprised that the Fed Was Lending to Foreign Banks in the Crisis?
  by Yves Smith 1:26 am

• “Summer” Rerun: Thin Gruel in Paulson Statement re Fannie, Freddie; Fed Opens Discount Window
  by Yves Smith 12:47 am

December 28, 2010

• Links 12/28/10
  by Richard Smith 7:56 am

• Antidote du Jour
  by Yves Smith 1:35 am

• Why are Irish Political Leaders so Keen to Collude with the Bank Regulator in Covering Up Blatant Regulatory Breaches at Unicredit Ireland?
  by Richard Smith 1:30 am

• The Wall of Worry for 2011 is a Big One, as usual
  by Richard Smith 1:00 am

• “Summer” Rerun: Welcome Willem Buiter and Mohamed El-Erian to the Banana Republic Club!
  by Yves Smith 12:20 am

December 27, 2010

• Bewildering Array of Choices for any American Voters Who Think the First Amendment might be Applicable to Wikileaks
  by Richard Smith 5:24 am

• Antidote du Jour
  by Yves Smith 1:33 am

• “Summer” Rerun: CNBC Publicizes This Blog
  by Yves Smith 12:20 am

December 26, 2010

• Antidote du Jour
  by Yves Smith 1:26 am

• Reader Nominations for Best and Worst Predictions for 2011
  by Yves Smith 12:24 am

• “Summer” Rerun: MBIA Lies in Attack on New York Times
  by Yves Smith 12:20 am

December 25, 2010

• Links Christmas Day
  by Yves Smith 1:26 am

• “Summer” Rerun: Should the Fed Be Independent?
  by Yves Smith 12:20 am

• Holiday Programming Note
  by Yves Smith 12:10 am

December 24, 2010

• Links Christmas Eve Day
  by Yves Smith 2:10 am

• We Speak on Real News Network About Servicer Driven Foreclosures
  by Yves Smith 1:28 am

• Fraud Ruling Against Wells Fargo in Minnesota Points to Widespread Abuses in Securities Lending Program
  by Yves Smith 12:44 am

December 23, 2010

• Inside Job’s Charles Ferguson on the Corruption of Academic Economics
  by Yves Smith 10:40 am

• Links 12/23/10
  by Yves Smith 3:13 am

• Guest Post: Eurocrisis: We knew all we needed to know…
  by Yves Smith 2:55 am

• More on the FDIC’s Fight Versus Other Bank Regulators on Servicer Abuses; Rep. Miller Backs More Aggressive Action
  by Yves Smith 2:41 am

December 22, 2010

• Links 12/22/10
  by Yves Smith 3:11 am

• On the Gutting of Financial Services Reform
  by Yves Smith 2:30 am

• Bank Break Ins Leading to Litigation
  by Yves Smith 12:50 am

December 21, 2010

• Please Visit StopServicerScams.com to Stop Servicer Fraud
  by Yves Smith 7:13 pm

• Guest Post: Assange Confirms that Bank of America Is the Target of Bank Leak
  by George Washington 4:28 pm

• Fed Extends Currency Swap Lines Over Eurobank Dollar Funding Concerns
  by Yves Smith 4:03 pm

• Another nasty surprise from Ireland’s Anglo and AIB, via the EC
  by Richard Smith 8:10 am

• Links 12/21/10
  by Yves Smith 4:34 am

• Open Letter to Bank Regulators on Mortgage Securitization and Servicing Practices
  by Yves Smith 12:45 am

• Major Servicers Face Possible Suspension of Foreclosures in New Jersey Over Robo Signing
  by Yves Smith 12:06 am

December 20, 2010

• Fannie Increases Restrictions on Lender Processing Services, Other Technology Middlemen; LPS Document Shows Degree of Influence Over Law Firms
  by Yves Smith 4:52 pm

• Links 12/20/10
  by Yves Smith 5:16 am

• Is the Ireland Bailout About to Become Bear Redux?
  by Yves Smith 4:16 am

• Joseph Mason on the Myth of Good Servicers
  by Yves Smith 3:37 am

• US Follows Japan: The Rise of Freeters, aka Temps
  by Yves Smith 1:31 am

• Mirabile Dictu! Ernst & Young Faces Fraud Charges in Lehman Collapse
  by Yves Smith 1:09 am

December 19, 2010

• Links 12/19/10
  by Yves Smith 3:00 am

• The British Mess (III): Bank of England Tiptoes Around Sovereign Risk Worries
  by Richard Smith 2:33 am

• Florida Judge Cancels All Foreclosure Sales in His Division Through Year End
  by Yves Smith 12:02 am

December 18, 2010

• Are Banks Afraid to Foreclose on the Rich?
  by Yves Smith 10:36 pm

• Links 12/18/10
  by Yves Smith 4:09 am

• Arizona, Nevada Sue Bank of America Over Mortgage Fraud While Treasury Sits on Its Hands
  by Yves Smith 2:09 am

December 17, 2010

• Guest Post: Extreme Inequality Helped Cause Both the Great Depression and the Current Economic Crisis
  by George Washington 8:38 pm

• SEC Examining Role of Servicers, Whether Mortgages Transferred to Trusts
  by Yves Smith 3:22 pm

• Links 12/17/10
  by Yves Smith 4:58 am

• Some Foreclosure Mills Disregarding Post-Robo-Signing Requirements
  by Yves Smith 3:56 am

• Google Rates Website Wonkiness
  by Yves Smith 2:13 am

• Banana Republic Watch: New York City More Unequal Than Chile
  by Yves Smith 12:34 am

December 16, 2010

• Links 12/16/10
  by Yves Smith 4:33 am

• Another Day, Another Rating Agency Fail, This Time S&P
  by Yves Smith 3:54 am

• Lender Processing Services Makes False Statements About Pending Litigation in SEC Filing
  by Yves Smith 2:42 am

December 15, 2010

• Guest Post: Most Driven Into Debt by Medical Bills HAVE Health Insurance
  by George Washington 6:57 pm

• Bank of America Discussing Settlement of Pimco/Fed/Blackrock Letter (Updated: Less Here than Meets the WSJ’s Eye)
  by Yves Smith 5:32 pm

• Dylan Ratigan on Get America Working
  by Yves Smith 5:05 pm

• Links 12/15/10
  by Yves Smith 5:00 am

• Republican Members of FCIC to Promote Crisis Urban Legends, Shift Blame From Banks
  by Yves Smith 3:14 am

December 14, 2010

• “So You Want to Be a Journalist”
  by Yves Smith 11:18 pm

• Iowa AG Miller Commits to Prosecution of Bank Execs, Seeking Principal Mods
  by Yves Smith 5:04 pm

• Paul Jackson’s Largely Irrelevant Responses to Mortgage Securitization Critics’ Case
  by Yves Smith 10:37 am

• With Friends Like Moody’s…
  by Richard Smith 7:09 am

• Links 12/14/10
  by Yves Smith 6:58 am

• More on the HAMP Train Wreck in Latest Congressional Oversight Panel Report
  by Yves Smith 2:46 am

• Auerback/Wray: Liberals need not fear Obama’s tax deal: Why a payroll tax holiday actually helps support tomorrow’s retirees
  by Yves Smith 1:28 am

December 13, 2010

• “Crime Shouldn’t Pay”: Tell the State AGs You Want Mortgage Fraud Prosecuted
  by Yves Smith 3:54 pm

• Links 12/13/10
  by Yves Smith 3:39 am

• Lesley Hazleton Explores the Koran
  by Yves Smith 3:10 am

• Is It Verboten to Talk About the Securitization Buyers’ Strike?
  by Yves Smith 2:35 am

• Banks Desperate for Profits Seek Out Risky Credit Card Customers
  by Yves Smith 1:27 am

• Alexander Gloy: Funeral music for the Euro?
  by Yves Smith 12:05 am

December 12, 2010

• EU Permanent Bailout Mechanism Leaked to BBC – Bad Outcome for PIIGS Gov’t Bondholders?
  by Yves Smith 6:04 pm

• The 1677 Statute of Frauds: History We Neglect at Our Peril
  by Richard Smith 6:30 am

• Links 12/12/10
  by Yves Smith 2:11 am

• We Speak on BNN About Banks, Housing Outlook
  by Yves Smith 12:19 am

• Satyajit Das: The Past, The Present and an “Unusually Uncertain” Future
  by Yves Smith 12:10 am

December 11, 2010

• Links 12/11/10
  by Yves Smith 5:58 am

• New Tactic to Silence Foreclosure Abuse Critics: Sue Them
  by Yves Smith 5:21 am

• Bill Black: No, Mr. President, you did not negotiate a winning tax deal
  by Yves Smith 4:30 am

• Marci Kaptur’s Anti-MERS Bill Target of Misleading PR by Title Insurance Industry
  by Yves Smith 3:02 am

December 10, 2010

• Links 12/10/10
  by Yves Smith 4:49 am

• Did Goldman and Other Dealers Squeeze Mortgage CDS Shorts So They Could Sell Toxic CDOs?
  by Yves Smith 4:08 am

• Marshall Auerback: Don’t Get Angry – Get Some Real Change
  by Yves Smith 2:10 am

December 9, 2010

• Treasury Bars Use of TARP Funds to Help Borrowers Facing Foreclosure
  by Yves Smith 2:50 pm

• On MBIA’s Suit Against Morgan Stanley on a Second Lien Deal Gone Bad
  by Yves Smith 2:29 pm

• Links 12/9/10
  by Yves Smith 4:09 am

• What Should the 50 State Attorneys General Investigating the Mortgage Crisis Do?
  by Yves Smith 2:12 am

• Guest Post: Secretary of the Navy Hatches Brilliant Plan to Sell More Gulf Seafood and Transport Oil to the War Zone
  by George Washington 1:49 am

December 8, 2010

• Guest Post: Department of Justice “Crackdown” On Wall Street Is Just a P.R. Stunt Targeting Small-Time Crooks
  by George Washington 4:55 pm

• Another Erroneous Securitization-Industry-Defending Post by Paul Jackson
  by Yves Smith 1:56 pm

• Links 12/8/10
  by Yves Smith 6:13 am

• Servicer Distrust as an Obstacle to Mortgage Mods
  by Yves Smith 1:56 am

December 7, 2010

• Trojan Horse in Tax Compromise: GOP Plan to Bankrupt States, Break Unions (Updated)
  by Yves Smith 7:01 pm

• Links 12/7/10
  by Yves Smith 5:29 am

• Wikileaks Disses Chinese GDP Stats
  by Yves Smith 5:13 am

• Mirabile Dictu: The Treasury Flexes Some Muscle on the Volcker Rule?
  by Yves Smith 4:35 am

• Some Lenders Sell Foreclosed Homes Without Obtaining Title
  by Yves Smith 2:50 am

• Guest Post: How Effective Would a Payroll Tax Holiday Be In Spurring Employment and Stimulating the Economy?
  by George Washington 1:35 am

December 6, 2010

• Lender Processing Services Produced More Bogus Foreclosure Documents Than It ‘Fessed To
  by Yves Smith 3:06 pm

• Guest Post: Does Bernanke Look Like a Man Who is Confident About the State of the Economy and the Prospects for Recovery?
  by George Washington 11:46 am

• Collateral damage – more than Paul Jackson’s reputation at risk
  by Richard Smith 6:30 am

• Links 12/6/10
  by Yves Smith 6:20 am

• Marshall Auerback: What Happens if Germany Exits the Euro?
  by Yves Smith 6:00 am

• Guest Post: All together now? Arguments for a big-bang solution to Eurozone problems
  by Yves Smith 5:58 am

• Ireland About to Give Another Sop to the Banks, a Bad Assets Fire Sale?
  by Yves Smith 4:18 am

December 5, 2010

• Catch Us on the Radio Today
  by Yves Smith 7:14 am

• Links 12/5/10
  by Yves Smith 6:52 am

• Adam Levitin Shreds American Securitization Forum Defenses
  by Yves Smith 6:07 am

• More Evidence That the Deficit Hysteria is Misguided and Destructive
  by Yves Smith 2:47 am

December 4, 2010

• Links 12/4/10
  by Yves Smith 6:06 am

• Barry Eichengreen: Ireland’s rescue package – Disaster for Ireland, bad omen for the Eurozone
  by Yves Smith 6:03 am

• Will Thousands of Foreclosures Be Voided Because Non-Lawyers Prosecuted Them?
  by Yves Smith 3:42 am

• Evil Site Scraper Update and Reader Notice
  by Yves Smith 1:48 am

December 3, 2010

• Guest Post: Double Dip In Housing Largely Caused By Failure to Prosecute Mortgage Fraud
  by George Washington 5:13 pm

• Links 12/3/10
  by Yves Smith 6:29 am

• New York Judge’s Testimony Contradicts American Securitization Forum Assertions on Mortgage Mess
  by Yves Smith 5:32 am

• Debunking the Myth That Bigger Banks are More Efficient and Necessary
  by Yves Smith 3:13 am

December 2, 2010

• Fed Thumbs Its Nose at Audit the Fed; Withholds Data Required on $885 Billion of Collateral
  by Yves Smith 4:40 pm

• Bloggergoof
  by Richard Smith 5:55 am

• The man with the magic words
  by Richard Smith 5:15 am

• Links 12/2/10
  by Yves Smith 3:14 am

• American Securitization Forum Tells Monstrous Whoppers in Senate Testimony on Mortgage Mess
  by Yves Smith 3:06 am

December 1, 2010

• Guest Post: Fed Data Shows Foreign Banks Huge Beneficiaries of Emergency Lending Programs, Hedge Funds, McDonald’s, Harley-Davidson and Others Also Received Help
  by George Washington 4:14 pm

• Matt Stoller: End This Fed
  by Yves Smith 5:55 am

• Links 12/1/10
  by Yves Smith 5:45 am

• Doug Smith: Words, Words, Words
  by Yves Smith 5:16 am

• Euro Bank Stress Tests Hoist on PR Petard
  by Yves Smith 5:05 am

• Seeking Reader Help with Evil Site Scrapers
  by Yves Smith 5:00 am

• Pettis on Eurozone Pathways and Endgames
  by Yves Smith 4:23 am

• How Virtual is Your Holiday Season?
  by Yves Smith 4:16 am