- Paul Kiesel | June 27, 2008 3:49 PM |
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MiscellaneousOn Friday, the Federal Reserve released documents showing why, in March, it chose to save Bear Stearns from bankruptcy. Ultimately, the Fed felt compelled to do something because of fear that...
- Paul Kiesel | June 26, 2008 8:28 PM |
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MiscellaneousU.S. Senator Charles Schumer asked U.S. regulators to analyze the financial health of Indymac, as Schumer believes the company may be on the brink of failure. The FDIC, the Office of Thrift...
- Paul Kiesel | June 26, 2008 7:33 PM |
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MiscellaneousThere has been a sharp increase in economic pessimism over the last year, and three out of four Americans blame President Bush for ushering in one of the more turbulent economic periods,...
- Paul Kiesel | June 26, 2008 4:32 PM |
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MiscellaneousTwo subsidiaries of the Swiss bank UBS, earlier today, were accused of misleading investors about how safe auction rate securities were. The complaint was filed by William Galvin, Massachusetts' top...
- Paul Kiesel | June 25, 2008 3:22 PM |
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MiscellaneousCalifornia Attorney General Jerry Brown filed a complaint today in Los Angeles state court claiming that Countrywide Chief Executive Officer Angelo Mozilo and a unit specializing in loans to...
- Paul Kiesel | June 25, 2008 11:34 AM |
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Wrongful Deathnation's largest Baby Crib Recall
- Paul Kiesel | June 24, 2008 8:20 PM |
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MiscellaneousThe New York Times, on February 23, 2008, published an article that elaborated on a Bank of America sponsored housing relief package that was being proposed to Congress, in order to curb further...
- Paul Kiesel | June 24, 2008 4:12 PM |
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MiscellaneousIn 1933, a few years following the stock market crash, Congress passes the Glass-Steagall Act, in hopes that regulating banks will help prevent market instability, particularly amongst Wall Street...
- Paul Kiesel | June 23, 2008 5:49 PM |
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MiscellaneousA House staffer told Examiner.com, demanding anonymity, that the Dodd-Shelby Senate housing bill is beginning to be referred to as the "Bank of America bill on steroids." The Dodd-Shelby bill (Sen....
- Paul Kiesel | June 23, 2008 3:45 PM |
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MiscellaneousAs Congress continues to talk about providing a federal response to the foreclosure crisis, which has been going on for almost a year, attorneys general, like New York Attorney General Andrew Cuomo,...
- Paul Kiesel | June 20, 2008 8:37 PM |
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MiscellaneousOn the same day that two Bear Stearns executives were arrested, the FBI announced that 400 people have been charged with mortgage fraud. The FBI has drastically increased its efforts, since March 1,...
- Paul Kiesel | June 20, 2008 6:42 PM |
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MiscellaneousPresident Bush has repeatedly said that he would veto any House or Senate housing bill/ foreclosure package that helps out lenders and/or speculators. Of course, it's interesting he continues to say...
- Paul Kiesel | June 18, 2008 8:54 PM |
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MiscellaneousThe Banking, Finance and Insurance Committee will be taking a look at various bills related to the subprime mortgage mess, that are being brought to this committee in hopes that it will prevent the...
- Paul Kiesel | June 18, 2008 7:42 PM |
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MiscellaneousSenator Chris Dodd said Tuesday that he was aware that Countrywide Financial had assigned him to a V.I.P. program in 2003 (the beginning of the subprime boom) when he refinanced his mortgages on his...
- Paul Kiesel | June 18, 2008 4:06 PM |
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MiscellaneousCriminal charges are being filed against managers of two Bear Stearns hedge funds whose collapse triggered the credit crisis last year, this according to the Wall Street Journal.
Following...
- Paul Kiesel | June 17, 2008 8:11 PM |
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MiscellaneousThe most recent data released on the number of subprime mortgage borrowers who've received help by lenders over the last few months, is likely dubious in its accuracy or its detail. And,...
- Paul Kiesel | June 17, 2008 1:50 PM |
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MiscellaneousHere are Barack Obama's and John McCain's plans for dealing with the mortgage crisis (according to each candidate's respective website):
Barack Obama wants to create a fund to help people refinance...
- Paul Kiesel | June 16, 2008 8:37 PM |
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MiscellaneousThis past weekend, The Washington Post began a three-part series that examines all of the avarice, pride, and myopic lending during the subprime boom.
Overall, the series, written by Alec Klein...
- Paul Kiesel | June 15, 2008 6:58 PM |
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FDA & Prescription DrugsDigitek, digoxin tablets, california, attorney, recall, death, heart condition
- Paul Kiesel | June 13, 2008 8:52 PM |
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MiscellaneousPresident Bush temporarilysuspended a five-year-old rule today that had required "home-flippers" to wait 90 days before reselling a home. The suspension will take place for one year.
The move was...
- Paul Kiesel | June 13, 2008 8:36 PM |
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MiscellaneousAccording to Forbes.com and the Associated Press, GMAC LLC spent $410,000 in the first quarter lobbying on several bills related to mortgage lending and other issues, according to a disclosure...
- Paul Kiesel | June 12, 2008 3:38 PM |
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MiscellaneousThe Federal Bureau of Investigation has ordered more than two dozen of its field offices to stop probing some financial crimes in order to focus on a surge in subprime mortgage fraud, according to...
- Paul Kiesel | June 12, 2008 3:15 PM |
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MiscellaneousBeware of the smell that comes from a newly purchased vinyl shower curtain, say health experts.Vinyl shower curtains that are sold at major retailers throughout the country contain a chemical that...
- Paul Kiesel | June 11, 2008 9:16 PM |
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MiscellaneousSince the rescue of Bear Stearns, there have been dissenting views within the Fed that have suggested the governmentisinducing more risk takingby lenders.The Richmond Fed President, Jeffery...
- Paul Kiesel | June 10, 2008 4:41 PM |
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MiscellaneousAs lawmakers make final adjustments and revisions to the House and Senate Housing Bills that will head to President Bush's desk in the coming weeks, I have to ask: Why is it taking this long to help...
- Paul Kiesel | June 09, 2008 9:53 PM |
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MiscellaneousThe Joint Economic Committee of Congress is predicting thattwo million families will lose their homes in two years, due to the current foreclosure crisis. On top of that, Credit Suisse predicts that...
- Paul Kiesel | June 06, 2008 6:44 PM |
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MiscellaneousAttorney General Michael Mukasey rejected the idea on Thursday of creating a national task forced to combat mortgage fraud. Mukasey made it clear that he saw mortgage fraud as a major contributor that is helping exacerbate (if it didn't help start) the housing crisis.
- Paul Kiesel | June 06, 2008 3:07 PM |
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Miscellaneous8.8 percent ofU.S. home loansare past due or in foreclosure, or close to 5 million loans.(About a third of Americans do not have mortgages.) However, in regions where home prices had soared over the...
- Paul Kiesel | June 05, 2008 7:34 PM |
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MiscellaneousThe Los Angeles Times' Peter Villers of "LA Land Blog" has just reported that Evander Holyfield's home will be foreclosed on.
The blog suggests that Holyfield is facing other financial...
- Paul Kiesel | June 05, 2008 5:55 PM |
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MiscellaneousAccording to a report released this morning by the Mortgage Bankers Association (MBA), almost 1 in 10 homeowners with a mortgage faced foreclosure or fell behind in their payments during the first...
- Paul Kiesel | June 05, 2008 12:57 AM |
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Automobile AccidentsInn of Court Los Angeles Kiesel Robie Redcay
- Paul Kiesel | June 04, 2008 10:05 PM |
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MiscellaneousEd McMahon, Johnny Carson's sidekick on "The Tonight Show" for 30 years, is facing foreclosure on hishome that is situated just north of Beverly Hills. Jose Canseco went through the same ordeal last...
- Paul Kiesel | June 03, 2008 8:30 PM |
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MiscellaneousThe subprime mortgage crisis has received most of the attention over the last six months, as lenders havebecome more credit strapped. But as homeowners, financial institutions and investors have...
- Paul Kiesel | June 02, 2008 7:52 PM |
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MiscellaneousThe Los Angeles Times reported earlier today on a family, the Magsams, from La Quinta, California who have been dealtthe foreclosure card, whose house is scheduled for auction on June 27. The...
- Paul Kiesel | June 02, 2008 6:29 PM |
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MiscellaneousFor every foreclosure within a one-eighth of a mile radius of a single-family home, that home losses approximately 1% of its value, according to Dan Immergluck, a professor of city and regional...