decoration decoration
Stories

GROKLAW
When you want to know more...
decoration
For layout only
Home
Archives
Site Map
Search
About Groklaw
Awards
Legal Research
Timelines
ApplevSamsung
ApplevSamsung p.2
ArchiveExplorer
Autozone
Bilski
Cases
Cast: Lawyers
Comes v. MS
Contracts/Documents
Courts
DRM
Gordon v MS
GPL
Grokdoc
HTML How To
IPI v RH
IV v. Google
Legal Docs
Lodsys
MS Litigations
MSvB&N
News Picks
Novell v. MS
Novell-MS Deal
ODF/OOXML
OOXML Appeals
OraclevGoogle
Patents
ProjectMonterey
Psystar
Quote Database
Red Hat v SCO
Salus Book
SCEA v Hotz
SCO Appeals
SCO Bankruptcy
SCO Financials
SCO Overview
SCO v IBM
SCO v Novell
SCO:Soup2Nuts
SCOsource
Sean Daly
Software Patents
Switch to Linux
Transcripts
Unix Books
Your contributions keep Groklaw going.
To donate to Groklaw 2.0:

Groklaw Gear

Click here to send an email to the editor of this weblog.


Contact PJ

Click here to email PJ. You won't find me on Facebook Donate Paypal


User Functions

Username:

Password:

Don't have an account yet? Sign up as a New User

No Legal Advice

The information on Groklaw is not intended to constitute legal advice. While Mark is a lawyer and he has asked other lawyers and law students to contribute articles, all of these articles are offered to help educate, not to provide specific legal advice. They are not your lawyers.

Here's Groklaw's comments policy.


What's New

STORIES
No new stories

COMMENTS last 48 hrs
No new comments


Sponsors

Hosting:
hosted by ibiblio

On servers donated to ibiblio by AMD.

Webmaster
The actual definition of MBA | 200 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S
Authored by: MadTom1999 on Monday, May 28 2012 @ 10:34 AM EDT
The reason they do this is they are actually bankrupt. They need the cash. The
loan to buy the house will have been insured so they donít take a huge hit on it
but when they leverage every real currency unit 50* or so 1/10th the house value
is worth 5 times the sale price in the false accounting terms banks have been
allowed to use since deregulation. When their losses are paid for out of our
pockets any manager who wasted a lot of time actually trying to make real
financial sense of the situation would be fired.

[ Reply to This | Parent | # ]

Taking back our wealth
Authored by: Anonymous on Monday, May 28 2012 @ 11:31 AM EDT
What if all mortgage holders simply refused to pay the bank?
It would be two weeks of doomsday prophesies, fire, and brimstones before the
banks crumbled.
Out of the smoking crater would come a new finance system, cheaper properties,
and a healthier government (of, by, and for the people - remember?)

Nah, won't happen.
At least not yet.

[ Reply to This | Parent | # ]

  • Mob rule? - Authored by: Anonymous on Monday, May 28 2012 @ 12:28 PM EDT
Accidentally Released Documents Show How Goldman et al Engaged in Naked Short S
Authored by: PolR on Monday, May 28 2012 @ 11:35 AM EDT
Mortgages are either insured or securitized nowadays. What sounds like a stupid
course of action may be a rational thing to do for the bank because either the
insurance covers the loss or the risk has been shifted to someone else by
securitization. The bank is cutting out an unnecessary cost and leaves someone
else holding the bag.

If you wonder why you have a hard time renegotiating a bad mortgage on an
underwater property, this may be it. The bank may be winning more by letting you
hanging dry than by being reasonable.

[ Reply to This | Parent | # ]

The actual definition of MBA
Authored by: Anonymous on Tuesday, May 29 2012 @ 02:29 PM EDT
MBA actaully stands for "My Bonus Awaits".
Whoever left these guys in charge should be drawn and quartered.

[ Reply to This | Parent | # ]

Groklaw © Copyright 2003-2013 Pamela Jones.
All trademarks and copyrights on this page are owned by their respective owners.
Comments are owned by the individual posters.

PJ's articles are licensed under a Creative Commons License. ( Details )