The news lately has been mostly negative and and, in terms of substance, is much of the same.
Today’s post is sort of the tipping point for what’s to come in U.S. Banking, and more specifically Bank of America; the U.S.’s largest bank. 
The lawsuit spigots are now turned on full blast …As of minutes ago, […]

Bank of America just got sued– see full 186 page suit below — for a whopping $10 Billion, regard hundreds of Mortgage Backed Securities (MBS). AIG believes the bank misled them into buying risky securities during the housing boom.
Putting all of this into perspective, at least 90 suits have been filed related to mortage bonds, demanding $197 […]

Bank of America Corp. is apparently very close to an agreement to pay $8.5 billion to settle claims by a group of high-profile investors who lost money on mortgage-backed securities purchased before the U.S. housing collapse, said people familiar with the matter.
The payment would be the largest such settlement by a financial-services firm […]

The People vs. Goldman Sachs ….. A MUST READ!
 By Matt Taibbi in Rolling Stone Magazine
They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an […]

This is huge news for all of us Real Estate wonks. MERS has just been struck down by a Federal Bankruptcy judge.As reported in NewsUnwrapped – a Blog written by local Baltimorean, Steve Meizlish, with the specific intent of Telling-The-Story-Behind-The-Story — we see what could be the beginnings of the unraveling of the Real Estate infrastructure as we […]

What’s old is new again. Just posted to www.ZeroHedge.com, is a fairly comprehensive and enlightening recap of the recent International Monetary Fund (IMF) report which documents their stress testing of 53 large banking holding companies and published its findings last month.
This report and analysis is not only objective, but it’s consistent with many postings on this Blog. All […]

We have been searching for even a sintilla of good news, when it comes to the real estate market.  
With regard to commercial real estate, one noted real estate attorney has coined the banks recent leding philosophy as “extend and pretend.” Clearly there exists the “fear of catching a falling knife.”
So the question is, are things really getting any better? […]

As published in Zero Hedge, where their tag line signals the sentiment ……  “on a long enough timeline, the survival rate for everyone drops to zero,” it is reported that the result of the stress test in the just published S&P “Scenario Analysis: Standard & Poor’s Expects the Downgrade Risk To Be High For Recent-Vintage U.SCMBS […]

We know we got ourselves into deep financial trouble, but how?
Turns out the crux of it seems to have stemmed from something called a Mortgage Backed Security (MBS). But what exactly are MBS??
Check out these very interesting videos, to explain it all. They are so interesting and simple, even a child can understand these explanations. Click here […]