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http://www.ritholtz.com/blog/2010/10/foreclosure-fraud-reveals-structural-legal-crisis/ Structured mortgage securities are typically constructed as Trusts. The Trust holds the mortgage notes, which allows the bundling to occur. Under normal circumstances... Read More
http://www.economicpolicyjournal.com/2010/10/bernanke-tells-truth-united-states-is.html This is an article giving exerpts from Bernanke's speech the other day, along with an interpretation of what he says in plainer English.... Read More
Series: Romans 1 - After Paul's introduction in verses 1-7, Paul addresses his audience directly. 8 First, I thank my God through Jesus Christ for you all, because your faith is being proclaimed throughout the whole world. What did they do that would make the... Read More
The super-rich are dumping dollars and buying gold in every greater amounts. This appears to be behind the recent rise in gold prices. They are now at nearly $1350/oz, and silver has topped $23/oz. http://www.reuters.com/article/idUSTRE6932NR20101004 If... Read More
Remember those CDO's? (Collateralized Debt Obligations) Remember two years ago when the CDO's were lucky to be sold at 30 cents on the dollar? This was a prime factor in the collapse of the banking system in 2008. The Fed stepped in and ultimately... Read More
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