Whalen: California Will Default On Its Debt (Video)

Clip from two weeks after the elections that was never posted.

Video - Chris Whalen on state bankruptcies - Nov. 16, 2010

• Read the write-up at Tech Ticker...

---

Outstanding slideshow...

• The 11 States Most Likely to Default in the Next 5 Years

Click photos for full effect...

Comments

[john]

Mets Selling 20%-25% Minority Stake

http://www.hedgefund.net/publicnews/default.aspx?story=12154

[snip]

The New York Mets owner Fred Wilpon, who allegedly profited under Bernie Madoff’s Ponzi scheme, said recently he was selling a minority stake in the franchise, according to the New York Post.

In a possible attempt to offset a settlement with Irving Picard, the trustee for the bankruptcy of Madoff’s business, Wilpon is searching for about $200 million for a 20% to 25% stake in the team.

Picard has alleged that the Mets owner made $48 million off of investments with Madoff, implying Wilpon may have at the very least turned a blind eye to the shady investment schemes.

comment: this is a really good story........

[john]

Foreclosure news:

http://stopforeclosurefraud.com/2011/01/31/florida-bar-says-foreclosure-lawyers-must-report-fraud-to-court/

http://stopforeclosurefraud.com/2011/01/31/boo-yaa-nj-appeals-court-reversal-lps-laura-hescott-assignment-fail-affidavit-fail-deutsche-bank-national-trust-company-v-wilson/