off_leash

Big Banks in Trouble: Huge Mortgage Write-Downs Seem Inevitable

One factor which comes in to play is the lender's recourse in the event of default. In a state where no recourse loans are the norm, a homeowner is much more likely to walk away than one from a state where mortgage loans are full recourse.

5 Failures of SEC Chairman Cox

I filed a complaint with the SEC back in February about what appeared to be naked short selling in MBIA stock. The reponse I got demonstrates why the SEC is never held accountable for anything.
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John Reed Stark
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United States Securities & Exchange Commission
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When the FBI investigates serial killers, they always look to the earliest cases where the killer was still learning his craft. Perhaps they should look into MBIA's situation since it has all the same characteristics as the more recent cases with naked short selling, suspicious activity in credit default swaps, and false rumors being circulated.

Chris Cox Earns His Pay as SEC Chair

C'mon, The order will be in effect for a WHOLE WEEK. That's certainly enough time to clear out all those nasty, naked short selling scallywags!