Feb 23, 2011 at 5:15 PM
Perpetual Treasury Roadshow Stops In London: Geithner Has The NY Fed NERVE To Criticize 'Light Touch U.K. Regulation' (BBC VIDEO)
Video - U.S. Treasury Roadshow makes a pit stop in London
Watch the hands; they are key to understanding Geithner. The more stupid he assumes you to be, the more he will use them to explain arcane concepts, like failed Treasury auctions. Listen for the line about the U.S. having gotten rid of weak firms, and try not to spit out your afternoon beverage.
Florida's Curse Of Negative Equity: 43% Of Mortgages Underwater, 11% Of Homes In Foreclosure
CNN Video - Retired judges in Florida run a temporary foreclosure court, a rocket docket. Bubble states are in a standstill. More inside.
Matt Taibbi's Latest For Rolling Stone: Florida's Foreclosure Rocket Docket Expedites MASSIVE Bank Fraud
Illustration by Victor Juhasz
Originally published in November of 2010.
By Matt Taibbi
Excerpt
The foreclosure lawyers down in Jacksonville had warned me, but I was skeptical. They told me the state of Florida had created a special super-high-speed housing court with a specific mandate to rubber-stamp the legally dicey foreclosures by corporate mortgage pushers like Deutsche Bank and JP Morgan Chase. This "rocket docket," as it is called in town, is presided over by retired judges who seem to have no clue about the insanely complex financial instruments they are ruling on — securitized mortgages and labyrinthine derivative deals of a type that didn't even exist when most of them were active members of the bench.
Their stated mission isn't to decide right and wrong, but to clear cases and blast human beings out of their homes with ultimate velocity.
Gaddafi: "I Am Still In Libya; I Will Stay To Fight The Dogs"
Video - Libyan leader Muammar Gaddafi makes a brief statement on Libyan State TV, announcing he will "stay to fight the dogs."
WARNING - GRAPHIC VIDEO - Protestor is shot in the head by Libyan police.
"People Say You're On A Witch Hunt Congressman, I Say More Power To You": Countrywide VIP Subpoenas
Where are the Wall Street handcuffs.
Video - Ratigan with Darrell Issa, Chairman of House Oversight, discussing his first committee subpoena: Countrywide's VIP loan program for friends of CEO Angelo Mozilo - Feb. 17, 2011
Full story from the Washington Post inside. According to Issa, besides Senators Chris Dodd, Kent Conrad and likely others still unnamed, more than 150 fannie, freddie employees got sweetheart loans.