A folk hero in the making!
The result: At least for the moment, the contents of Wells Fargo Home Mortgage, 1341 N. Delaware Ave., are scheduled for sheriff’s sale on March 4 to satisfy the judgment and pay about $200 for court and sheriff’s costs.
Category: News and Views
John Paulson’s Interview With The Financial Crisis Inquiry Commission | zero hedge
John Paulson, head of the hedge fund that made the ‘Greatest Trade Ever Made’ netting billions in just one day by shorting the subprime real estate finance market, testified before the Financial Crisis Inquiry Commission. This summary of his testimony makes interesting reading and is instructive of the forces at work in the collapse
“If ACA and IKB or Moody’s didn’t like the ~100 subprime reference securities we helped pick for the deal, they could have…not bought the deal or – get this – replaced them with ones they liked better…I couldn’t have gone short if they hadn’t gone long, they agreed on the reference portfolio, it got rated, boom, done” It sounded like he just wanted to say something like “Hello morons?! This is how Finance works, HELLOOO!!!”
The article also contains a link to audio of the testimony.
Controller Urges Support for CalPERS, CalSTRS Reform | California State Controller
State Controller John Chiang today announced he is sponsoring two bills to improve the performance of and the public’s confidence in the nation’s two largest public pension funds – the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS). The bills would cap the amount of gifts members and staff may receive each year, and require a pension fund board member or employee to wait two years after leaving before working with a firm that has business with the funds.
India’s Mumbai to get the Cybertecture Egg | GreenPacks.org
James Law Cyber Structure has been invited by Vijay Associates (Wadhwa Developers) to build an iconic egg shaped construction in Mumbai, India. The highly ambitious project will be done at Plot C70 of Bandra Kurla Complex, Mumbai; currently the most expensive piece of land in the country.
Eco Home-Building Kits (GALLERY)|trendhunter.com
The Lindal Elements home construction system is an ingenious and now eco-friendly modular house kit that marries convenience, efficiency, choice and eco-friendly concerns for aspiring home owners.
The Mitsuoka Himiko Electric Sports Car (GALLERY)|trendhunter.com
The Mistuoka Himiko is a stylish electric sports car that embraces vintage aesthetics while mastering forward-thinking eco-technology.
Based off a modern Mazda NC MX-5, the Mistuoko Himiko is more than just a pretty face with its shiny paint coat. Packing a 2.0-liter DOHC 4 in-line Engine, this rear-wheel drive beauty is powered by 168 Lithium batteries, which give it the power it needs to cover 341 miles per charge.
Congress Grills Zuckerberg On Plans To Share User Addresses, Cell Numbers | paidContent
If Facebook saw the light and realized that User IDs were sensitive info, how could it think that users’ home addresses and mobile phone numbers—“even more sensitive information” than a User ID—should be easily accessed by developers?
.
Oil price will put US back in recession | Globes
Empirically, the US economy has entered a recession every time US national spending on oil has crossed the line of 4% of GDP. 4% of US GDP is equivalent to about $80 dollars a barrel. That means that if oil prices remain above $80, the US will enter a recession by year’s end.”
Thanks to Jon Medved for the original post: Ed
.
Oak Casks Made Up into Hotel Rooms | GreenPacks.org
For the wine lovers among us, The De Vrouwe van Stavoren Hotel in the Netherlands is offering a rare treat in the lodging arena. They have rooms wherein to sleep inside old wine barrels – in fact, there are four of them.
Fourth Quarter 2010 Economic Report Card | Nancy D. Sidhu
According to “advance” estimates of the Bureau of Economic Analysis released last week, the U.S. economy grew by +3.2% last quarter (seasonally adjusted annual rate or SAAR). This marked the sixth consecutive quarterly increase since the recession ended in mid 2009. Furthermore, the level of economic activity has finally overtaken that recorded in the last quarter of 2007 (the recession officially began in December 2007).
Progress was evident in many sectors of the economy during the fourth quarter:
Continue reading “Fourth Quarter 2010 Economic Report Card | Nancy D. Sidhu”
