- Paul Kiesel | April 30, 2008 9:20 PM |
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MiscellaneousLast Sunday, Elizabeth Edwards, wife of former presidential candidate John Edwards, wrote an Op-Ed piece for The New York Times that was highly critical of our media's role throughout the Democratic...
- Paul Kiesel | April 29, 2008 9:40 PM |
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MiscellaneousAccording to reports released today, the housing slide will continue indefinitely. Robert Shiller had pointed out a couple weeks ago that he felt home prices would drop greater than 30 per cent in...
- Shehnaz Bhujwala | April 28, 2008 4:40 PM |
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MiscellaneousA federal appeals court on Friday reinstated a class action lawsuit by credit card holders that alleges some of the nation's biggest banks illegally calluded to force customers to use arbitration instead of the courts to settle disputes. The Associated ...
- Paul Kiesel | April 23, 2008 7:51 PM |
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MiscellaneousRepresentative Barney Frank and Senator Chris Dodd have called for a housing relief plan that includes up to $300 billion in loan guarantees from the Federal Housing Administration. The money would...
- Paul Kiesel | April 22, 2008 4:52 PM |
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Miscellaneous70 percent of seriously delinquent subprime mortgage borrowers are still not getting the help they to stay in their homes. Mortgage rescue programs like Hope Now are not able to keep pace with the...
- Paul Kiesel | April 22, 2008 4:46 PM |
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MiscellaneousBank of America is making plans to overhaul its mortgage product menu, after they complete their acquisition of Countrywide Financial. According to CNNMoney, Bank of America will offer traditional...
- Paul Kiesel | April 22, 2008 3:23 PM |
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MiscellaneousOver the first three months of this year, California, due to sinking home values and the collapse of teaser rate mortgages, sent a record number of homes into the foreclosure process. About 110,000...
- Paul Kiesel | April 22, 2008 2:52 PM |
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MiscellaneousBank of America is making plans to overhaul its mortgage product menu, after they complete their acquisition of Countrywide Financial. According to CNNMoney, Bank of America will offer traditional...
- Paul Kiesel | April 21, 2008 6:54 PM |
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MiscellaneousAccording to the Press-Telegram on Sunday, new statistics will be released later this week showing a huge jump in foreclosed homes across the states of California, Nevada and Arizona. Nevada fairs...
- Paul Kiesel | April 21, 2008 4:23 PM |
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MiscellaneousUBS released a report on its Web site Monday conceding that a “blind drive for revenue” led it to take more risks than it should have. UBS has written off more debt from the subprime mortgage crisis...
- Paul Kiesel | April 18, 2008 3:39 PM |
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MiscellaneousSteve Preston has been given the nod by President Bush to be his housing secretary nominee, according to a senior administration official. Fortunately, this appears to be a bipartisan move, with...
- Paul Kiesel | April 17, 2008 6:03 PM |
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MiscellaneousThe LA Land blog of the Los Angeles Times, today, had some interesting comments in regards to the recent FBI mortgage fraud investigations. LA Times blogger Peter Viles gives his two cents on the...
- Paul Kiesel | April 16, 2008 9:02 PM |
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Miscellaneous
Henry Paulson might be as confused as the average American
when it comes to the subprime mortgage crisis. Testifying in front of a
house-panel a month ago, Mr. Paulson said, “[. . .] let me...
- Paul Kiesel | April 15, 2008 8:28 PM |
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MiscellaneousComedian Bill Maher is known for his subversive, yet erudite humor on his HBO talk show Real Time with Bill Maher. And, occasionally, he’ll make a comment or two that makes even a very open-minded...
- Paul Kiesel | April 14, 2008 8:58 PM |
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Miscellaneous
Wachovia is the latest financial institution to seek outside financing from foreign and private equity investors. Today, the company reduced its dividend and said that it would raise about $7...
- Jenny Albano | April 14, 2008 1:47 AM |
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Automobile Accidents
Four people were killed in a horrific car crash Friday, April 11, which closed a freeway east of Los Angeles. The people who died were members of a church group and one member is still in...
- Jenny Albano | April 14, 2008 1:31 AM |
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Mass Transit (Airline, Cruise Ship, Train, Bus)
A small plane crashed into two homes outside of los Angeles on Saturday, April 12, injuring two passengers and three people on the ground.
The plane crashed at around 4 p.m. and the fuselage...
- Paul Kiesel | April 11, 2008 7:31 PM |
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MiscellaneousLarry Kudlow, of the CNBC talk show Kudlow & Company and Economics Editor for National Review, has been making some very bold claims in regards to the housing and subprime mortgage crisis, over...
- Miriam Schimmel | April 08, 2008 4:24 PM |
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MiscellaneousIndustry reports indicate that the number of federal court cases stemming from borrower subprime mortgage claims almost doubled in the last half of 2007. Of those filed, more than one-third were...
- Paul Kiesel | April 07, 2008 7:32 PM |
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MiscellaneousBefore the federal government helped facilitate the purchase of Bear Stearns by JP Morgan Chase last Monday, a pennies-on-the-dollar sale of Bear Stearns stock, Treasury Secretary Henry Paulson had...