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1 Aug 2011, 8:21 am
Smith It’s not clairvoyance if what you foresee is simply the exercise of logic in a difficult situation. [read post]
29 Jul 2011, 5:23 pm
Funded by the mortgage banking industry along with the GSEs, Fannie and Freddie, MERS is a company with few employees established to allow mortgages to be registered centrally without recording at county recording offices, as had always been required. [read post]
27 Jul 2011, 1:00 pm
Today, original members Bobbie Smith, Henry Fambrough, and Pervis Jackson are joined onstage by lead singer Charlton Washington, high tenor Harold "Spike" Bonhart and a soul-infused five-piece band. [read post]
26 Jul 2011, 7:00 am
Smith [Continued from yesterday's Part 1.] [read post]
19 Jul 2011, 7:00 am
I wonder if the entire capital markets are engaged in a collective delusion similar to that we experienced with Fannie Mae and Freddie Mac five years ago. [read post]
12 Jul 2011, 6:42 am
Smith Yesterday’s post introduced, via the Economist, the latest gimcrackery intended to enable a collective delusion that Greece is not in default and will not go into default, with the reprehensible and irresponsible decision by the ECB not to adjudicate the structure on its own, but rather to rely for this judgment on the rating agencies, whose objectivity has been questioned and whose excessive coziness with issuers contributed significantly to the US fiasco. [read post]
20 Jun 2011, 8:49 am
Smith A top, Gertrude Stein never said, is a top is a top. [read post]
26 Apr 2011, 11:01 am
Smith In yesterday’s Part 1, we saw the good side of Roger Lowenstein‘s interesting New York Times magazine article on bankrupt Vallejo, California – his thorough documentation of a city whose municipal finances are insolvent and economically kaput. [read post]
20 Apr 2011, 2:35 pm
Freddy Almonte, super of the Setai Fifth Avenue, a new hotel and condo in Midtown. [read post]
14 Mar 2011, 4:30 am
Over the last few months, we here at Abnormal Use have corresponded regularly with our friends at the Drug and Device Law blog, most notably Steve McConnell and Jim Beck, about both the law and popular culture. [read post]
17 Feb 2011, 3:00 am
Yves Smith provides her list of the Treasury proposal's problems: The most pressing problems related to the crisis of abuses in the housing securitization markets outside of Fannie and Freddie are still not addressed The plan continues to use a poor tool to address housing goals, by focusing on mortgage financing. [read post]
15 Feb 2011, 12:53 pm
On October 4, 2010, President Barack Obama appointed Sarah Bloom Raskin to be a member of the Board of Governors of the Federal Reserve System. [read post]
13 Feb 2011, 6:04 am
Fab Five Freddie. [read post]
24 Jan 2011, 1:00 pm
., EVP, Related Cos.Jonathan Rose, President, Jonathan Rose CompaniesDottie Herman, CEO, Prudential Douglas EllimanPatrick Hanlon, Principal, Ackman-ZiffFred Harris, SVP Development, AvalonBayRalph Herzka, President & CEO, Meridian Capital GroupMike Edelman, Managing Regional Director, Freddie MacChip Walters, Principal, Prudential Real Estate InvestorsStephen N. [read post]
24 Jan 2011, 6:07 am
[Associated Press]* Former executives of Fannie Mae and Freddie Mac are being defended on the taxpayers’ dime. [read post]
11 Jan 2011, 8:36 am
Smith Long, long ago, I learned that business operates by different rules than does society. [read post]
24 Dec 2010, 5:12 am
The terminations come two days after mortgage giants Fannie Mae and Freddie Mac severed ties with the firm. [read post]
21 Dec 2010, 4:32 am
Now, I’m sitting here looking at Chris Whalen’s slide show, and Laurie Goodman’s remarks, and I’m thinking about the FHFA preventing Fannie and Freddie from doing any principal reductions, which I just wrote about yesterday… … and I’m remembering President Obama introducing the Making Home Affordable Program, and the cheers from the throngs of Americans who had waited for him to do something about the free fall in housing prices… and how… [read post]
20 Dec 2010, 11:02 am
Smith People do it. [read post]
18 Dec 2010, 4:52 am
” Here, here, Yves Smith! [read post]
