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Month: January 2008
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Cleveland vs 21 Lenders
Cleveland Sues 21 Lenders Over Subprime Mortgages
By Christopher Maag – New York Times (12 Jan 2008)See City of Cleveland Press Release for a list of lenders.
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Investment Banking Revenues for 2007
For those of you who keep asking me “Who is doing this?” here is a very
useful tool from the Financial Times which provides revenue and deal value rankings of the global investment banks for 2007.(C…
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Action Alert
Urgent Action on Behalf of Oaxacan Political Prisoners
From Food First (21 Jan 2008)Learn more about Asamblea Popular de los Pueblos de Oaxaca
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Countrywide's Underwriters Sued for Fraud
Countrywide’s Underwriters Sued for Fraud by New York Agencies
By David Mildenberg & Karen Freifeld – Bloomberg.com (26 Jan 2008)The New York lawsuit has been consolidated with other lawsuits ag…
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Ohio Pension Fund Sues Freddie Mac
Mortgage Lender Hid Big Risks, Suit Alleges
By James Nash – Columbus Dispatch (23 Jan 2008)
“The giant mortgage financer known as Freddie Mac swindled an Ohio pension system out of as much as $27 mi… -
Market Flash: Barrick Insider Selling
Earlier news re insider selling by senior Barrick executives has me wondering what they know about market liquidity, 2008 prices for precious and base metals and how they know it. The heads of explora…
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The Lone Trader
Usually it’s the “lone” assassin. Now that coup d’etats are financial, we have the “lone” or “rogue” trader.
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The lone trader strikes again ala 2008:
SocGen Reels From Record $7billion Rogue… -
Top Picks ~ Week of January 21, 2008
Money & Markets
You Should Be Wary of This Market Rebound
By John Crudele – New York Post (24 Jan 2008)
US Slides Into Dangerous 1930s ‘Liquidity Trap’
By Ambrose Evans-Pritchard … -
Ditching Google
That’s it. I’m ditching Google. It is lots of little things, but the reality is I don’t trust ’em.
Centralizing internet data does not lend itself to promoting freedom, particularly the way these guy…
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Recent Reads
I finished up some good reads this weekend.
The first read: In Defense of Food: An Eater’s Manifesto by Michael Pollan is a good well, written summary of everything you probably already know about fo…
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Cleveland Sues 21 Lenders Over Subprime Mortgages
Cleveland Sues 21 Lenders Over Subprime Mortgages
By Christopher Maag – New York Times (12 Jan 2008)
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See City of Cleveland Press Release for a list of lenders.
Click the image to vi…
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Interesting Timing…
World Bank Closes Offices After Bomb Threat
By Lesley Wroughton – Reuters (17 Jan 2008) -
Top Picks ~ Week of January 14, 2008
Money & Markets
FBI Wants Instant Access to British Identity Data
By Owen Bowcott – The Guardian (15 Jan 2008)Citigroup’s Hopes for Investment From Chinese Bank Hit a Snag
By Eric Dash – Int… -
Coming Clean!
To sign up to receive Updates, click on “Sign Up for E-Mail Updates” in the “Pages Section” (right-hand column) of this blog.
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Merrill & Citi Get Capital Injections From Foreign Investors
Let’s say $40 of every barrel of oil sold to the US by large oil companies sourced in the middle east goes into a sovereign wealth fund. Let’s say there is $4 trillion missing from the US Treasury, an…
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Merrill & Citi Get Capital Injections From Foreign Investors
Let’s say $40 of every barrel of oil sold to the US by large oil companies sourced in the middle east goes into a sovereign wealth fund. Let’s say there is $4 trillion missing from the US Treasury, an…
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Mayor and City Council of Baltimore vs. Wells Fargo Bank
Life gets interesting when the lawyers willing to sue big banks grow in number.
Baltimore is Suing Over Foreclosure Crisis
By Gretchen Morgenson – New York Times (8 Jan 2008)Lawyers’ fear of bein…
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FDIC Loan Sales Privatize Access
In an e-mail (1.02.08) from the FDIC:
The e-mail is to inform you that the FDIC is retiring the loan sales website at www.fdicsales.com effective January 4, 2008. From this point forward, the FDIC wil… -
Quote du Jour
With thanks to “The King Report.”
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New Hampshire Primary Results – Diebold Wins Again
NH Primary: Pre-Election Polls Wildly Different Than Results Announced for Clinton/Obama
Blogged by Brad Friedman – The Brad Blog (8 Jan 2008)2008 New Hampshire State Primary Results
A Closer Look a… -
Top Picks ~ Week of January 7, 2008
Money & Markets
China is Quietly Revaluing its Currency
By Richard Spencer – London Telegraph (8 Jan 2008)
Baltimore is Suing Bank Over Foreclosure Crisis
By Gretchen Morgenson – … -
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A Review of Political Ponerology
Thanks to a very special reader, Catherine’s blog review of Political Ponerology has been translated into Swedish.
Click on this image to access the translation:
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Price vs. Force
Brilliant (and darling) investment newsletter writer Rob Kirby and I have been having a heated debate. He says that markets clear through price. I say they clear through force. At the heart of the deb…
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Letter to the Editor of the Philadelphia Inquirer
Ladies And Gentlemen:
Thank you for your excellent article “Hungry Times For Area Food Banks” by Alfred Lubrano, Mari A. Schaefer and Joseph Dolan.
The authors state that the reasons for the current…
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How Goldman Sachs Ranks the Candidates
From opensecrets.org – Race for the White House
Here is how Goldman Sachs employees have voted with their money for the 2008 presidential candidates:
Hillary Clinton – $301,350
John Edwards – $61,950… -
More on the Missing Money
There is $4 trillion missing from the US government. On Coast to Coast last week, I referred to Rumsfeld’s testimony before Congresswoman Cynthia McKinney on the missing money and sex slave traffick…
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Top Picks ~ Week of December 31, 2007
Money & Markets
Venezuela Cuts Zeroes From Currency in Hope of Stalling InflationBy Jorge Rueda – Associated Press (1 Jan 2008)
Cyprus and Malta Adopt the Euro
By Menelaos Hadijicostis – A… -
US Downgraded to Endemic Surveillance Society; Joining Russia & China
From: Privacy International
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US Downgraded to Endemic Surveillance Society; Joining Russia & China
From: Privacy International












































































































