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Posts tagged "Politics"
naked capitalism / Publishers

Mirabile Dictu! Missouri Attorney General Files Criminal Lawsuit on Robosiging

by Yves Smith on Feb 6, 2012 • No Comments
"Linda Greene" has become a household word to those on the foreclosure fraud beat. And it turns out, for once, that the work of diligent investigators such as the foreclosure attorneys around Max Gardner, and investigators like Lynn Szymoniak and Lisa Epstein led to press coverage which in turn spurred prosecutors to act. What is...
naked capitalism / Publishers

Is the Mortgage Settlement Deal Starting to Unravel? (Updated)

by Yves Smith on Feb 6, 2012 • No Comments
The Administration had thrown its weight behind getting the mortgage settlement deal done shortly after the State of the Union address. Eric Schneiderman joining a Federal task force that seemed unlikely to accomplish much, given its staffing and the history of Federal investigations, seemed to secure it getting done, as Schneiderman, the de facto leader...
naked capitalism / Publishers

Daniel Alpert: Tinkerbell Economics – The Confidence Fairy, Pixie Dust and a Sleeping Dragon

by Yves Smith on Feb 6, 2012 • No Comments
By Daniel Alpert, the founding Managing Partner of Westwood Capital. Cross posted from EconoMonitor While we may be hours away from a partial (and certainly a stopgap) agreement in the talks among the Greek government, the troika and private sector creditors, it is doubtful that a deal will emerge in a fully constructed fashion that...
naked capitalism / Publishers

Obama’s SOTU, authoritarian followership, and civil society: Part II

by Lambert Strether on Feb 6, 2012 • No Comments
lambert strether is an old school blogger from Corrente. Last week in Part I of this piece, I argued that Obama's recent State of The Union speech endorsed a particular model of military organization named the "warrior ethos" by its DOD developers, and that this ethos and American soldier's oath of enlistment (
naked capitalism / Publishers

Obama’s SOTU, authoritarian followership, and civil society: Part II

by Lambert Strether on Feb 6, 2012 • No Comments
lambert strether is an old school blogger from Corrente. Last week in Part I of this piece, I argued that Obama's recent State of The Union speech endorsed a particular model of military organization named the "warrior ethos" by its DOD developers, and that this ethos and American soldier's oath of enlistment (
naked capitalism / Publishers

Cathy O’Neil: Women in Math

by Yves Smith on Feb 6, 2012 • No Comments
By Cathy O'Neil, a data scientist who lives in New York City and writes at mathbabe.org A study recently came out which was entitled “Can stereotype threat explain the gender gap in mathematics performance and achievement?”. One of the authors created and posted a video describing the paper, which you can view here....
naked capitalism / Publishers

More on the Role of Second Liens and the Mortgage Settlement as Stealth Bank Bailout

by Yves Smith on Feb 6, 2012 • No Comments
Readers who missed the post over the weekend entitled "Schneiderman MERS Suit and HUD’s Donovan Remarks Confirm That Mortgage “Settlement” is a Stealth Bank Bailout" are advised to read it first, since it provides important background and context for this piece, which clarifies some issues I skipped over.
naked capitalism / Publishers

Quelle Surprise! New York and California Attorneys General Look Ready to Sign on to Mortgage Settlement

by Yves Smith on Feb 5, 2012 • No Comments
The New York Times reports that two attorneys general of states regarded as important for the Obama Administration to declare the mortgage settlement a success have rejoined the negotiations, which says they are likely to sign the pact. Kamala Harris, the California AG, was widely seen as "political" and therefore was not seen as...
naked capitalism / Publishers

Schneiderman MERS Suit and HUD’s Donovan Remarks Confirm That Mortgage “Settlement” is a Stealth Bank Bailout

by Yves Smith on Feb 5, 2012 • No Comments
In case you had any doubts about what the mortgage settlement was really about and why banks that were so keenly opposed to it are now willing to go ahead, the news of the last two days should settle any doubts. As we had indicated earlier, one of the many leaks about the settlement showed...
Publishers / The Big Picture

Key & Peele: Obama Loses His SH*T

by Barry Ritholtz on Feb 4, 2012 • No Comments
Hat tip Reformed Broker
Publishers / Wall Street Journal

Politicians Are From Mars, General Partners Are From Venus

by Shasha Dai on Feb 3, 2012 • No Comments
The Carlyle Group's David Rubenstein and Clayton, Dubilier & Rice's Joseph Rice share their insights with attendees of Columbia Business School's 18th annual private equity and venture capital conference.
naked capitalism / Publishers

Schneiderman Files Civil Fraud Lawsuit Against Three Major Banks for Use of MERS

by Yves Smith on Feb 3, 2012 • No Comments
New York filed a lawsuit against various units of JP Morgan, Bank of America, Wells, MERSCORP and MERS over their use of MERS in foreclosures. This civil suit alleges that the use of MERS has "resulted in a wide range of deceptive and illegal practices," most importantly, over 13,000 foreclosures in MERS name where MERS...

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