Will the Real Scammers Please Stand Up?

Martin Andelmann has a humorous take on all of this talk about “modification scams” and new laws addressing what we are supposed to accept as a menacing explosion of fraud (not the bank fraud that we know about, or the HAMP fraud by the banks that pretend to participate) by supposed scammers helping homeowners navigate […]

A Disgraced Profession

Excerpt from James Galbraith’s (author and professor of economics at Univ. of Tx, my alma mater, woo hoo, go Horns!) written statement to members of the Senate Judiciary Committee delivered May 16, 2010 (full text here): An older strand of institutional economics understood that a security is a contract in law. It can only be […]

Lehman BK Attorney Charges

This from the ABA: Lehman and GM Bankruptcy Charges: $2,100 for Limo Rides, $48 to Leave a MessagePosted May 3, 2010 9:56 AM CDT By Debra Cassens Weiss EmailPrintReprints Weil, Gotshal & Manges has billed more than $164 million for its work as lead counsel so far on the Lehman Brothers bankruptcy, including more than […]