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Bear Stearns

Bloomberg reported today that Ralph Cioffi and Matthew Tannin, former hedge fund managers for Bear Stearns, had been found not guilty of misleading investors in the funds they managed. Their investors lost $1.6 billion.

Overhang

There's a new term being kicked around: "overhang," and it refers to the extremely large pipeline of foreclosed properties that's going to hit the market sometime. You've heard of taking a sip from a firehose. Now, picture standing in front of that hose, and its end has been clamped shut by foreclosure moratoriums, courts log-jammed with more foreclosures than they can process, and modifications and workouts that bought people time, but in many cases won't keep them from saving their homes from foreclosure.

Bailing Out Banks

What’s In A Name?

One of the toughest challenges an entrepreneur faces early on is naming the business. It may sound easy. But let me tell you, it isn’t.

One Year Look Back

 This is the one-year anniversary of the failings that changed the mortgage meltdown to a market meltdown that led to economic crisis for the country.  Bear Stearns went out a year ago April, followed, unbelievably, by Freddie and Fannie, Lehman Brothers, and, almost, AIG.  There have been many reviews this past week about the factors that contributed to the meltdown, and much analysis about what took place.  

You Can’t Judge A Book By Its Cover

It Isn’t Voodoo....It’s Just Math

There has been quite a lot of attention lately on re-securitizations, specifically re-REMICs. The re-REMIC is a form of repackaging mortgages that Wall Street and mortgage bond investors are very familiar with.

How We’re Changing the Industry