News Items I Ganked From Somewhere
Feb
03
“The suit, filed by the state’s Attorney General Eric T. Schneiderman, charges that the creation and use of a privately national electronic registration system, MERS, “has resulted in a wide range of deceptive and fraudulent foreclosure filings in New York state and federal courts, harming homeowners and undermining the integrity of the judicial foreclosure process.” …
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/new-york-mers-and-bank-lawsuit/
Feb
03
“Nothing immoral went on, Edward DeMarco says. The agency’s multibillion-dollar bets against homeowners being able to refinance were “ordinary business transactions.””
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/freddie-macs-regulator-completely-puzzled-by-allegations-of-conflict/
Feb
03
Good article. Love the quote at the end from the economics professor who thinks that gold atoms in one state are different from gold atoms in another state! Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, …
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/states-consider-alternative-currencies-of-gold-and-silver/
Feb
03
To put today’s release in perspective, the actual survey data says that 111.9 million people had full time jobs in January. That compares with a peak level of 119.3 million in January 2008. They call that a “recovery?” … Given the confusion inherent in these numbers, the proof of whether there’s any real improvement in …
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/deconstructing-the-massive-beat-in-employment-data/
Feb
03
Contributed by Janet Tavakoli of Tavakoli Structured Finance — February 3, 2012 My favorite football introductory book is an out-of-print book by Joe Namath, FOOTBALL for Young Players and Parents. You may enjoy my favorite lines as you get in the mood for the Super Bowl (below after the side note): Side note on David …
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/super-bowl-spirit-and-a-football-side-note-on-david-einhorn/
Feb
03
“As it was in 1980, could it be again in 2012? The 1980 presidential election was fought by a Democratic incumbent weakened by a poor economy amid worries that the United States had lost its ability to compete in the world. Gold prices had risen to unprecedented levels as the election approached, and the Republican …
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/in-a-focus-on-gold-history-repeats-itself/
Feb
03
“No, that’s not a typo: 1.2 million people dropped out of the labor force in one month!… the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.”
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/record-1-2-million-people-fall-out-of-labor-force-in-one-month-labor-force-participation-rate-tumbles-to-fresh-30-year-low/
Feb
03
“Even as the Securities and Exchange Commission has stepped up its investigations of Wall Street in the last decade, the agency has repeatedly allowed the biggest firms to avoid punishments specifically meant to apply to fraud cases.”
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/s-e-c-is-avoiding-tough-sanctions-for-large-banks/
Feb
03
“U.S. Treasury Secretary Timothy F. Geithner said the first non-bank financial companies deemed systemically risky will be named this year, and the department will release more plans for an overhaul of housing finance.”
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/geithner-says-systemically-risky-firms-to-be-named-in-2012/
Feb
03
“Ben Bernanke defended the Federal Reserve’s decision to hold interest rates at record-low levels for the next three years, during a contentious hearing before federal lawmakers”
Permanent link to this article: http://chasehomefinancesucks.com/2012/02/bernanke-defends-fed-policies-against-gop-critics/
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