Thanks Regular Visitors – 5,000 Vistors A Day Adds Up – 1.5 Million Visitors Todate.

Thank you again. When I started this blog last fall I didn’t expect 100 visitors a day, I guess I still don’t. Let me say that I know this is still a small blog, a very small blog ….. but 5,000 visitors a day grows to 150,000 a month and now 10 months later – 1,500,000 visits [...]

Countrywide Bank CEO Charged With Fraud – Mazilo’s Emails Reveal Complete Understanding Of Pending Mortgage Crisis & Its Causes

The following emails from Countrywide Bank CEO Angelo Mazilo, released as part of a report concerning the charges brought by the SEC against Mazilo, clearly show that Mazilo understood the causes of the current mortgage crisis before it occurred …… Excerpts of E-Mails From Angelo Mozilo Sept. 26, 2006 – following up a meeting with Sambol the [...]

Countrywide Bank CEO Mazilo Charged With Fraud

The Securities and Exchange Commission announced on Thursday it has filed civil-fraud charges against former Countrywide Financial CEO Angelo Mozilo in what would be the highest-profile government legal action against a chief executive that has arisen so far from the financial crisis. Mozilo was charged with “deliberately misleading investors about the significant credit risks being [...]

Is the “false recovery” faltering? “Rally’s fate hinges on Fed, home sales”, Yet, “unlikely that housing wealth will drive consumer spending in the next decade – Reuters/University of Michigan Survey

A “distressingly slow” U.S. housing recovery, with inflation-adjusted home values expected to decline over the next five years, unlikely that housing wealth will drive consumer spending in the next decade, a Reuters/University of Michigan survey found.

Allan Stanford, Biden Family Business Associate, Arrested In $8 Billion Dollar Ponzi Scheme

Billionaire Stanford to Appear in Federal Court Texas billionaire R. Allen Stanford, chairman of the troubled Stanford Financial Group, is set to appear in federal court Friday on fraud charges after surrendering to FBI agents in Virginia the day before, officials said. At least five individuals, including Stanford, have been arrested following a sweeping federal [...]