AIG execs preparing to do that funky perp walk?
An AIG auditor quit after their head of credit default swaps in England barred him from meetings. And he told this to Congress
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Category Credit crisis
I see perp walks
Businessweek Lehman: One big derivatives mess Enron may look tame compared with this: a fight over billions of dollars posted as collateral, then used in a tangled web of deals Lehman used incoming money from deals as collateral in other…
Obama introduced bill to stop mortgage fraud in Feb. 2006
Flipping Frenzy, a blog about mortgage fraud, details Obama’s plans to stop mortgage fraud now, and in Feb. 2006.
Stop foreclosures and evictions
Oct 24-27. “Nationally coordinated, local mass actions” StopForeclosuresAndEvictions.org
Financial crisis as tsunami
And we’re currently standing where the water has just receded from the shore, wondering what’s going on.