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Fannie or Freddie ordered to let former owners buy REOs at market value

Fannie Mae and Freddie Mac will soon be selling repossessed homes back to their previous owners for less than what they’d owed on their mortgage when they defaulted. The mortgage giants’ federal regulator this week ordered them to drop a...

Asia Shares Ride On Stimulus Hopes, Dollar Hit By Weak U.S. Data

By Hideyuki Sano TOKYO (Reuters) - Asian stocks inched higher on Thursday as the prospect of further stimulus from central banks in the region and Europe eclipsed disappointing U.S. data, which tripped up the dollar. Oil prices tumbled more than one percent to a four-year low as hopes for curbs in output by the OPEC faded. Show More Summary

The World’s Greatest Con (Chapter 3): Organized Crime, A Pump and Dump Fraud, and the “Charity” that Earned Yank Barry Three Nominations for the Nobel Peace Prize

Yank Barry's charity, the Global Village Champions Foundation, was linked to a pump and dump stock fraud that Yank Barry operated in partnership with people tied to organized crime.

What It Sold For: Lloyd Wright's Samuel-Novarro House Finally Sells For $3.8MM

And so a new chapter begins for Lloyd Wright's Samuel-Novarro House. Built in 1928 for actor Ramon Novarro's personal secretary/companion, Louis Samuel, but taken over and expanded by Novarro after the star...

New Words

Covered at Here & Now: The American Heritage Dictionaries add some new words. An excerpt from the story: On updating the pronunciation of ‘harass’ “Harass, as you mentioned, is interesting in that in 1987, the panel was split as to whether...Show More Summary

"We Are A Nation Built On The Rule Of Law"

Having explained to the residents of Ferguson that "first and foremost, we are a nation built on the rule of law," we thought the following 'discussion' of the difference between "laws" and President Obama's executive orders would help clarify a few things...

Meanwhile, Euroclear (Europe’s DTCC) Warns That It, Too, Engages in Fractional Reserve Banking Without a Reserve Requirement

“The Euroclear operator advises as follows: under Belgian law, investors that are credited with securities on the records of the Euroclear operator have a co-property right in the fungible pool of interests in securities on deposit with the Euroclear operator in an amount equal to the amount of interests in securities credited to their accounts. […]

Get Customers to Fall in Love With Your Products

Most ecommerce business owners want consumers to like their products. But according to Bayard Winthrop, founder and CEO of American Giant, that shouldn’t be your goal. Consumer attitudes are changing. They no longer just want cheap and easy products. Show More Summary

Robert Brazell: Shyster Extraordinaire

Learning that a Texas judge recently issued a capias arrest warrant for Rob Brazell (Kondos v Brazell Note Order for Capias) brings back memories of the most extreme sociopath I have ever met. Since 1999 Rob Brazell has stood out in my mind as the most remarkable paragon of dishonesty and two-faced greed it has […]

Wednesday Cognitive Science Blogging: What Are the Odds Princeton's David Lewis Understands Probability Properly?

I know this is fairly dense. But please bear with me: David Lewis: [Sleeping Beauty: Reply to Elga]( "Researchers at the Experimental Philosophy Laboratory... Sleeping Beauty... >...On Sunday evening they will put her to sleep [P-]. Show More Summary

Lifestyles of the Rich and Richer: San Francisco is Now the Filthy Rich Capital of California

San Francisco has long sat in the shadow of our neighbors to the south, flashy entertainment capital Los Angeles, when it comes to having a lot of very, very rich people. However, this year that all changed according the the...

Title: Presenting Bubbleology: The Science Of Bubble Money

From Ben Davies of Hinde Capital On the 12th November 2014 - some 10 years after it was launched - lander module Philae which accompanied the Rosetta spacecraft touched down on Comet 67P/Churyumov-Gerasimenko (67P) to begin extra-terrestrial scientific observations. Show More Summary

See Which States Have The Most Super-Rich Residents

As part of its annual World Ultra Wealth Report, wealth intelligence firm Wealth-X created a map showing which US states are home to the most super-rich people (defined as those with $30 million or more in assets). Some states have more ultra-high-net-worth (UHNW) individuals than major countries. Show More Summary

They Got My Attention

Anderson Layman's Blog reminds us of the importance of a persuasive sales offer.

Monochromes: 100 Years Ago, Wearing Masks on Thanksgiving was the Norm

Welcome back to Monochromes, a regular mini-series wherein Curbed delves deep into the Library of Congress's photographic annals, resurfacing with an armful of old black-and-white photos of architecture and interior design. Have a find you want to share? Hit up...

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