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Just came across this article explaining credit default swaps (CDS). CDS enabled Wall street banks to sell CDO's and pass the risk on to another party, thus explaining why wall street wanted to sell as many sub prime mortgages as possible because they were able to make money and pass on the...

Did you give her money without signing a lease? If so why? If you really want to move in, you may need professional legal help, which will set you back more than you save. If she balks are fixing obvious deficiencies, mold (must be remediated by law) and worn carpet, she will be a bad...

I'm saying what IR reports in all the blogs about REO's. When the bank files NOD on the loan and goes to court to recover the asset (property) the court follows with an auction of the property to repay the bank. Since the bank is the only bidder, no money changes hands, so it is a sham...

1 Tanglewood didn't really sell for $743k, it went back to the bank for that price. Lets be real people, there's a difference between the bank's re-acquistion of the assest (home) backing it's security (loan) price and the actual retail selling price of the assest (home). 1 Tanglewood will now...

Beg to disagree, Greenspan was an enabler by keeping interest rates low and also failed to properly regulate the markets but he doesn't bear the most responsiblity. There was plenty of fraud and abuse in all players, buyers, agents, mortgage lenders, Wall Street, ratings agencies. There are so...

Interesting, I was mildly tempted to short them but I figured the major action in shorting was all, the time to short was last summer. Not near delisting yet. AMBAC's hope now appears hinged on legal action against the investment banks, BS that sold them the bad paper. Legal Armageddon is...

Next idea, take your law degree, move to NY and get on the corporate lawyer gravy train, the bond insurers are gearing up to sue the investment banks. It will be all out corporate nuclear war soon. A full employment opportunity for attorneys. From today's Calculated Risk... "Here...

New thought for the day... You could open Irvine's first pawn shop!!! You might need a big space though... Irvine residents will probably be the first to pawn their BMW's.

Don't forget to price in the boat too.... <img src="http://newimages.yachtworld.com/1/5/1/7/8/1517835_1.jpg"> <a href="http://www.marinesource.com/boat_sales/azimut_55_6631517835.html">Azimut 55 Power Yacht $1.4 Million</a> Definition Yacht: a hole in the ocean you pour money...

Bankruptcy lawyers do well in downturns, you could go to law school.

Gee shek... (Mr. Snark - troll) Just to egg you on.. The only real measures of a healthcare are people's satisfation. Japan currently spends 6% of GNP, covers everybody, has the highest patient satisfaction and longest longevity. For every horror story from England you can find...

Shek.. Although you seem to have a lot to say and are very passionate about your postitions, I hate to tell you this, but you are just ingorant. For starters, as I started my post, from a realistic persctive, you have to look at how healthcare is delivered successfully in the rest of...