Miscellaneous

• Bush Will Veto Housing-Relief Bill

  Paul Kiesel | May 07, 2008 8:29 PM | 0 CommentsLos Angeles, CA

  President Bush made it clear today that if the current housing-relief bill, championed by Representative Barney Frank (D-MA), reaches his desk, he will veto it. He told Democratic leaders not to...

• Countrywide Takes Away Home-Equity Credit Lines

  Paul Kiesel | May 06, 2008 8:04 PM | 0 CommentsLos Angeles, CA

  Countrywide is freezing the home-equity credit lines of almost all its Las Vegas customers and will proceed in doing the same to its customers in the Chicago and Los Angeles markets, which both...

• The FBI's Subprime Task Force

  Paul Kiesel | May 05, 2008 7:07 PM | 1 CommentLos Angeles, CA

  The FBI is forming a subprime lending task force in response to possible fraud and misconduct by subprime lenders. Over the last six weeks federal authorities have been trying to determine whether...

• Mega Life and Health Fraud

  Paul Kiesel | May 04, 2008 10:15 PM | 0 CommentsLos Angeles, CA

  Mega Life and Health sells fraudulent insurance policies that insureds don't realize are a fraud until major illness strikes.

• Jose Canseco's Home Foreclosed On

  Paul Kiesel | May 02, 2008 1:36 PM | 0 CommentsLos Angeles, CA

  Jose Canseco is the latest victim of the housing and mortgage crisis, or at least one would have to assume so. It was reported late last night by the AP that Mr. Canseco is walking away from his...

• Subprime Mortgage Mess Crosses the Pacific

  Paul Kiesel | May 01, 2008 10:14 PM | 0 CommentsLos Angeles, CA

  Japanese banks and brokerage firms are likely to report losses tomorrow exceeding $14 billion dollars ($1.5 trillion yen) for the year ended March 31 and this is largely due to the U.S. subprime...

• Considering the News

  Paul Kiesel | April 30, 2008 9:20 PM | 1 CommentLos Angeles, CA

  Last 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...

• The Nadir of the Housing Slump?

  Paul Kiesel | April 29, 2008 9:40 PM | 0 CommentsLos Angeles, CA

  According 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...

• Federal Court Reinstates Antitrust Class Action Suit Against Banks

  Shehnaz Bhujwala | April 28, 2008 4:40 PM | 0 CommentsLos Angeles, CA

  A 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 ...

• Proposed Mortgage Bailout Plan Won’t Work

  Paul Kiesel | April 23, 2008 7:51 PM | 0 CommentsLos Angeles, CA

  Representative 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...