doughishere

For fun. Chappelle Show - Fiiif Amedment

michelle celarier - NYPost MY natural inclination is to suspect she is referring to the blog post. Not totally sure....should make for some interesting reading in the next few weeks.

This is the Delaware case, Jacobs. Duh.

This is all the saxton reply right?

how i feel after this month.....

this? http://gselinks.com/Court_Filings/Saxton/15-00047-0035.pdf

could it be this? JPM Suffers a 23 Percent Decline in Residential Lending, but Megabank Continues to Hoard Loans for Balance Sheet By Paul Muolo pmuolo@imfpubs.com JPMorgan Chase originated $24.7 billion of residential loans in the fourth quarter of 2015, a 23.3 percent sequential decline. Compared to the same period a year earlier, fundings were down just 1.2 percent. The nation?s second-largest residential lender and servicer booked mortgage banking income of $266 million during the period, an ugly 55.8 percent drop from the third quarter. Mortgage profits fell 21.3 percent compared to the fourth quarter of 2014. Although both earnings and lending volume suffered, mortgage revenue improved by $125 million from 3Q to $1.68 billion in the fourth quarter. In its 4Q earnings statement, JPM attributed the revenue improvement to ?higher MSR [mortgage servicing rights] risk management and loan growth, partially offset by lower repurchase benefit.? A close look at the megabank?s supplemental info reveals that it continues to add residential whole loans to its balance sheet at an aggressive pace. At Dec. 31, JPM held $157.1 billion of what it calls ?prime mortgages? (including option ARMs), a stunning 48 percent increase over the past 12 months. The entire banking franchise earned $5.4 billion in 4Q, a 20.5 percent drop from 3Q. In the fourth quarter of 2014 it earned $4.9 billion. link http://www.insidemortgagefinance.com/imfnews/1_769/daily/jpm-suffers-large-decline-in-home-mortgage-lending-in-4q-2015-1000035144-1.html

Societe Generale seconds RBS doomsday prophecy and predicts collapse of the eurozone http://www.ibtimes.co.uk/societe-generale-seconds-rbs-doomsday-prophecy-predicts-collapse-eurozone-1537621

Defendant shall file its response to plaintiff’s motion to compel by no later than Thursday, January 21, 2016. http://gselinks.com/Court_Filings/Fairholme/13-465-0281.pdf

If you look around there is a lot of smart money sitting on it....Berkshire sitting on $58B.

CASH....If this china thing goes really south..theirs going to be some good places to deploy that cash in the coming 9-12 months.

You basically said it...a regular bankruptcy ..the problem is waht to do with all the cash in the meantime? Can anyone think of a "bankruptcy" (that essentially. what receivership is) recently where there was shareholder value? Where the company was making boat loads of cash and just couldn't refinance its debt? And dont tell me is a seceret any more that they are making bank when you get David Woo, global head of currencies at Bank of America Merrill Lynch gets on Bloomberg the other day and says...and I quote "Now that the GSEs are becoming profitable." THE HEAD OF GLOBAL CURRENCIES AT BANK OF AMERICA MERRILL LYNCH......He said, now repeat with me, "Now that the GSEs are becoming profitable." At least the I banks are figuring this out now. You cant get rid of the GSEs...you cant keep secret just how profitable they are now. I think even if you go the receiver route then they are still going to generate a lot of cash in the future.

@beerBBQ... Ok...lets say that Conservatorship is terminated "into" receivership. What happens in receivership? I have an answer in mind...but im asking you what you think should happen in receivership if it goes to that?

Am i weird in feeling that this fannie and freddie mess is starting to get noticed more and more......I mean when a global head of currencies at from one of the big I-banks talks about the govt draggin their feet.....i mean say what you will about the ibanks but at least they are acknowledging whats going on.

Op-Docs series “Verbatim,” which re-enacts legal transcripts word-for-word... ‘Verbatim: What Is a Photocopier?’ http://www.nytimes.com/2014/04/28/opinion/verbatim-what-is-a-photocopier.html ‘Verbatim: The Ferguson Case’ http://www.nytimes.com/2015/08/05/opinion/verbatim-the-ferguson-case.html ‘Verbatim: Follow the Chicken’ http://www.nytimes.com/2015/12/15/opinion/verbatim-follow-the-chicken.html?_r=0 'Verbatim: Expert Witness' http://www.nytimes.com/2015/12/29/opinion/verbatim-expert-witness.html

Two Cheers for Fannie and Freddie Synthetic CDOs http://www.creditslips.org/creditslips/2015/12/a-tentative-two-cheers-for-fannie-and-freddie-cdos.html

CASE TIMELINE UPDATE as of 12/29/2015 Fairholme ORDER On December 24, 2015, defendant in the above-captioned case filed a second motion to enlarge the deadline for responding to plaintiffs’ motion to compel certain documents withheld for privilege. Defendant requests a ten-day enlargement of time due to the effect that the holiday season is having on its ability to coordinate among multiple agencies and conduct an internal review, and represents that plaintiffs oppose its motion. For good cause shown, defendant’s motion is GRANTED. Defendant shall file its response to plaintiff’s motion to compel by no later than Thursday, January 21, 2016. http://gselinks.com/Court_Filings/Fairholme/13-465-0281.pdf ---------------------------------------------------------- Jacob and Hindes (Delaware) ....WHEREAS, Defendants' Motions to Dismiss will be fully briefed by February 16, 2016; WHEREAS, the Parties agree that the Parties' positions on the Joint Status Report issues of Jurisdiction, Identification and Narrowing of the Issues, Relief, Discovery, Trial Length and Settlement are all dependant on the resolution of Defendants' Motions to Dismiss; WHEREAS, the Parties do not currently anticipate discovery in this matter proceeding pending the Court's resolution of Defendants' Motions to Dismiss; NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED, subject to the approval and Order of the Court, that the Parties shall have until 30 days after the Court decides Defendants' Motions to Dismiss to submit a Joint Status Report and Proposed Scheduling Order for the Court's consideration. The Parties further stipulate and agree, subject to the approval and Order of the Court, that no discovery requests shall be served by either party pending the Court's decision on Defendants' Motions to Dismiss. The Parties reserve the right to seek relief from this Stipulation and Proposed Order by further stipulation or motion. http://www.gselinks.com/Court_Filings/Jacobs_Hindes/15-00708-0022.pdf ---------------------------------------------------------- Perry O R D E R Upon consideration of appellees’ unopposed motion for extension of time to file its briefs, it is ORDERED that the motion be granted. The following revised briefing schedule will now apply in this case: Appellees' Brief(s) December 21, 2015 Appellants' Reply Brief(s) February 2, 2016 Deferred Appendix February 16, 2016 Final Briefs March 8, 2016 http://www.gselinks.com/Court_Filings/Perry/14-5243-1583683.pdf

"The enablers for this crisis were varied, and it starts not with the bank but with decisions by individuals to borrow to finance a better life, and that is one very loaded decision" No one talks about the personal responsibility. No one. Think the stripper in the movie.

"Instead, we doubled down on blaming others, and this is long-term tragic. " So much of this...I call people who do this the "participation trophy generation".....you never hear this out of a WW2 guy or such.

@cherzeca Aww...taking the wind out of my speculation on a settlement.

Did anyone out there read the same thing some where? Anyone know if there is a source for this?

Ive also watched and re-watched Corkers speech Dec. 17th and I just feel like its a bit of a swan song. Listen to what he says: "While I believe that recap-and-release is totally inappropriate, I do understand that the hedge funds still have claims to deal with in court, and this legislation does not prejudice those claims." is he signaling to his constituents that he disagrees with something thats about to go down? Could be a loss in the courts or a settlement but he is well aware of the Hedge Funds claims. That sounds like he hedging his bet to me especially when he has been so adamant against them in the first place... Then he goes on and on and on about how well the hedge funds are doing if they win. I mean he actually calculates the profits that they are going to make....thats an awful envious thing to do in front of congress. It sounds like hes put more thought into calculating the hedge fund profits then he has his own taxes. And why not push for something stronger? When he's taken such a hard line for so many years why give even a little ground like that? Why speak out against the Hedge Funds so much then push an Omnibus that essentially does nothing to stop them? Seems strange. I think hes on the ropes and the best thing he can do is make a Omnibus that locks in a sweet 10% dividend for at least the next 2 years?

Go figure. Decembers 23rd 2015 Newsletter is free. http://grantspub.com/pdfssky/813.pdf

That scene where he walked into Goldmans conference room is precious

Does anyone know about those ""new" CDOs they mentioned at the end of the movie? I forgot what they called them.