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68The Other Side of SubPrime Loans
A wise man by the name Warren Buffet had once remarked “Derivative products are financial weapons of mass destruction”. He was spot on but the so called finance wizards paid no attention to his wisdom. ...
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76AIG Drives GM Bankrupt
By now everybody knows that GM will not survive without a bankruptcy reorganization. President Obama has said that he will expect (require?) the bankruptcy soon. Why? GM makes plenty of money. It uses...
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84How Bad Is The Subprime Mortgage Crisis?
To understand the nature of the subprime mortgage crisis and how we got ourselves into such an incredible mess (as well as what that mess really is), we need to go back several decades and examine how the...
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67About Cagayan de Oro - The City of Golden Friendship
Cagayan de Oro is otherwise known to as "The City of Golden Friendship". It's name is composed with spanish words "de" and "Oro" which means of & gold respectively. It is otherwise known as Kagay-an where...
5 comments79What is a CDO
A rather popularized description of CDOs (Collateralized Debt Obligations) can be found at portfolio.com (check below). It has lots of nice animation and pictures. The real definition of a CDO. ...
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76Crook Alert!! AIG Paying $165 Million Bonuses and $52 Billion to Counterparties with Taxpayers' Money
Resignation Letter from AIG VP Jake Desantis Mr. Desantis resigned from AIG and will donate his the after-tax proceeds of his retention payment to charity. He is bitter toward CEO Edward Liddy for his failure...
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63A Wave of Bank Failures is coming
SEE UPDATE BELOW: CITIGROUP SHARES CRASH TO $1.00!!! Recently, I watched a video of Jim Cramer on TheStreet.com. Now, whether you agree or disagree with him, you have to admit that this guy has been around...
61PPIP is a fraud - What Really should be done
The newest attempt by the U.S. Treasury department to bailout the mortgage crisis is just another failure. In theory it encourages investments into worthless Collateralized Debt Obligations (CDO) by using a...
1 comment
56Data loss due to STOP error message post unsuccessful registration of DLL files
The Olemsg32.dll and Cdo.dll files (all versions) are primarily used to implement messaging and collaboration functionality into a custom application. Once you install these files into your system, you need...
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70CROOK ALERT 6--THE FORECLOSURE FACTORY IN THE MORTGAGE SERVICING RACKET 12-06
Harvard Law professor Elizabeth Warren makes the case for credit regulation. http://harvardmagazine.com/2008/05/making-credit-safer.html Mortgage Market Spirals Downward Storm Clouds Over Risky...
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