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Monthly Archives: September 2011

I can hardly believe an economist said this: "Right now you’re prolonging the agony. Do you want to take the Band-Aid off your arm slowly so you can feel each hair being pulled out by the root, or do you want to do it quickly and get it over with?" said Sean Snaith, an economist… Read More

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Here’s the full quote: "You’re not talking about improperly stapling together two documents; you’re talking about systematic fraud in the system," said Neil Barofsky, the former special inspector general for the U.S. Treasury’s Troubled Asset Relief Program. "What this shows is that before the financial crisis, the banks were essentially lying to the purchasers of… Read More

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From a recent Florida newspaper article: "But at some point those foreclosure filings will make it to the market, said Jack McCabe, a Deerfield Beach real estate consultant. "They are definitely going to hit this fall, and we will also see an increase in short sales in those cases where lenders are unable to get… Read More

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Here are the highlights of the article linked below:"The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, according to three individuals briefed on the matter." "The suits will argue the… Read More

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