Miscellaneous

• Wachovia and Others Preparing for a Rainy Day

  Paul Kiesel | April 14, 2008 8:58 PM | 0 CommentsLos Angeles, CA

  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...

• What Does Larry Kudlow Know?

  Paul Kiesel | April 11, 2008 7:31 PM | 1 CommentLos Angeles, CA

  Larry 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...

• 2007 an Unfortunate Banner Year for Subprime-Related Litigation.

  Miriam Schimmel | April 08, 2008 4:24 PM | 1 CommentLos Angeles, CA

  Industry 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...

• False "Hope Now" in Foreclosure Relief Plans

  Paul Kiesel | April 07, 2008 7:32 PM | 0 CommentsLos Angeles, CA

  Before 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...

• Repackaging Risk

  Paul Kiesel | March 28, 2008 4:17 PM | 0 CommentsLos Angeles, CA

  As of this moment, on the auction site eBay, there are an assortment of Bear Stearns items being listed by several sellers. There are coffee mugs, t-shirts, duffle bags, umbrellas, etc. and all of them bear the Bear Stearns logo. But there is one item separating itself from all the others: a blue Bear Stearns helmet. The last bid on it, as of 1:40 PM PST, was for $152.50 and has 18 hours left...

• Don't Look to McCain for Help with the Mortgage Crisis

  Paul Kiesel | March 25, 2008 6:24 PM | 0 CommentsLos Angeles, CA

  John McCain believes that the number one issue for Americans is national security. According to the Associated Press, and shortly after Governor Charlie Crist of Florida endorsed him as a Presidential candidate, Mr. McCain said, "Even if the economy is the, quote, No. 1 issue, the real issue will remain America's security [. . .]" This statement shows he has not wavered from his campaign's main...

• Affluent Were as Susceptible to the Lure of Adjustable Rate Mortgages

  Paul Kiesel | March 25, 2008 6:00 PM | 0 CommentsLos Angeles, CA

  At the peak of the housing boom to purchase homes, many affluent consumers with annual incomes of $100,000 or more were lured into taking out adjustable-rate mortgage (ARM) loans, under the impression that they would be able to lower their monthly mortgage payment (from existing fixed-rate mortgages) or that it would allow them more financial flexibility. In order to secure these lower monthly...

• Woman Sentenced 50 Years for Filming Sex Crimes Against 4 Year Old

  Cheryl Buchanan | March 06, 2008 6:08 PM | 0 CommentsLos Angeles, CA

  Sikat's boyfriend, David Shoutyh Hwang, 36, plead guilty to 60 counts of child molesting in October 2006 and is now serving a term of 50 years to life in prison. -cbs2.com March 6, 2008 Judge Gary Paer in Rancho Santa Margarita made it clear today that complicit conduct in the course of egregious child rape is just as evil as the actual rape itself. A 28 year old woman, Sheila Sikat, was...

• Clinic May Have Infected 40,000 with Hepatitis C and HIV

  Jenny Albano | March 04, 2008 4:11 PM | 0 CommentsLos Angeles, CA

  A clinic in Las Vegas had to be shut down after officials found out that up to 40,000 people may have been exposed to hepatitis C and HIV because the clinic reused syringes and vials.The clinic, the Endoscopy Center of Southern Nevada, was served with an emergency suspension of its business license. Officials are asking the people who were exposed to hepatitis C and HIV to be tested because of...

• Granting Telecom Companies Immunity From Pending Class-Actions Violates Our Civil Rights

  Shehnaz Bhujwala | March 04, 2008 10:07 AM | 0 CommentsLos Angeles, CA

  Last week, President Bush strongly urged US lawmakers to pass "anti-terrorism legislation" that would restore legal immunity to telecommunications companies, such as AT&T, BellSouth and Verizon, that aided federal efforts to eavesdrop on emailed communications and telephone conversations between the United States and other countries. Today, there is potential for passage of this legislation:...