- This topic has 20 replies, 5 voices, and was last updated 17 years ago by kaycee.
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November 15, 2007 at 7:00 AM #10907November 15, 2007 at 7:07 AM #996664plexownerParticipant
All of the paper that has been written on top of real estate mortgages (both residential and commercial) is worthless trash
This judge appears to agree with me
November 15, 2007 at 7:07 AM #997404plexownerParticipantAll of the paper that has been written on top of real estate mortgages (both residential and commercial) is worthless trash
This judge appears to agree with me
November 15, 2007 at 7:07 AM #997584plexownerParticipantAll of the paper that has been written on top of real estate mortgages (both residential and commercial) is worthless trash
This judge appears to agree with me
November 15, 2007 at 7:07 AM #997694plexownerParticipantAll of the paper that has been written on top of real estate mortgages (both residential and commercial) is worthless trash
This judge appears to agree with me
November 15, 2007 at 7:07 AM #997764plexownerParticipantAll of the paper that has been written on top of real estate mortgages (both residential and commercial) is worthless trash
This judge appears to agree with me
November 15, 2007 at 8:22 AM #99808DanielParticipantHi folks,
Tanta at Calculated Risk has written no less than 3 very long and informative posts on this issue over the past couple of days. Highly recommended reading for anyone who wants to know how these things work. If you don’t care that much about technicalities, and only want to know the conclusion, here it is: this case is not such a big deal, and it’s been blown out of proportion by some uninformed blog writer, duly followed by the NYT. It’s simply a case of Deutsche Bank mishandling some paperwork. The lawsuit was dismissed “without prejudice”, which means DB can re-file when they get their paperwork sorted out (which they undoubtely will). End of story.
November 15, 2007 at 8:22 AM #99826DanielParticipantHi folks,
Tanta at Calculated Risk has written no less than 3 very long and informative posts on this issue over the past couple of days. Highly recommended reading for anyone who wants to know how these things work. If you don’t care that much about technicalities, and only want to know the conclusion, here it is: this case is not such a big deal, and it’s been blown out of proportion by some uninformed blog writer, duly followed by the NYT. It’s simply a case of Deutsche Bank mishandling some paperwork. The lawsuit was dismissed “without prejudice”, which means DB can re-file when they get their paperwork sorted out (which they undoubtely will). End of story.
November 15, 2007 at 8:22 AM #99820DanielParticipantHi folks,
Tanta at Calculated Risk has written no less than 3 very long and informative posts on this issue over the past couple of days. Highly recommended reading for anyone who wants to know how these things work. If you don’t care that much about technicalities, and only want to know the conclusion, here it is: this case is not such a big deal, and it’s been blown out of proportion by some uninformed blog writer, duly followed by the NYT. It’s simply a case of Deutsche Bank mishandling some paperwork. The lawsuit was dismissed “without prejudice”, which means DB can re-file when they get their paperwork sorted out (which they undoubtely will). End of story.
November 15, 2007 at 8:22 AM #99790DanielParticipantHi folks,
Tanta at Calculated Risk has written no less than 3 very long and informative posts on this issue over the past couple of days. Highly recommended reading for anyone who wants to know how these things work. If you don’t care that much about technicalities, and only want to know the conclusion, here it is: this case is not such a big deal, and it’s been blown out of proportion by some uninformed blog writer, duly followed by the NYT. It’s simply a case of Deutsche Bank mishandling some paperwork. The lawsuit was dismissed “without prejudice”, which means DB can re-file when they get their paperwork sorted out (which they undoubtely will). End of story.
November 15, 2007 at 8:22 AM #99715DanielParticipantHi folks,
Tanta at Calculated Risk has written no less than 3 very long and informative posts on this issue over the past couple of days. Highly recommended reading for anyone who wants to know how these things work. If you don’t care that much about technicalities, and only want to know the conclusion, here it is: this case is not such a big deal, and it’s been blown out of proportion by some uninformed blog writer, duly followed by the NYT. It’s simply a case of Deutsche Bank mishandling some paperwork. The lawsuit was dismissed “without prejudice”, which means DB can re-file when they get their paperwork sorted out (which they undoubtely will). End of story.
November 15, 2007 at 9:13 AM #99807patientlywaitingParticipantGood point, Daniel.
But the example means the industry is in disarray. The risk management systems did not work. And now the asset management systems aren’t working either. Fixing them will cost money and more losses.
How much is the monthly carrying cost on 1 house? Multiply that by millions and by several months.
November 15, 2007 at 9:13 AM #99732patientlywaitingParticipantGood point, Daniel.
But the example means the industry is in disarray. The risk management systems did not work. And now the asset management systems aren’t working either. Fixing them will cost money and more losses.
How much is the monthly carrying cost on 1 house? Multiply that by millions and by several months.
November 15, 2007 at 9:13 AM #99827patientlywaitingParticipantGood point, Daniel.
But the example means the industry is in disarray. The risk management systems did not work. And now the asset management systems aren’t working either. Fixing them will cost money and more losses.
How much is the monthly carrying cost on 1 house? Multiply that by millions and by several months.
November 15, 2007 at 9:13 AM #99838patientlywaitingParticipantGood point, Daniel.
But the example means the industry is in disarray. The risk management systems did not work. And now the asset management systems aren’t working either. Fixing them will cost money and more losses.
How much is the monthly carrying cost on 1 house? Multiply that by millions and by several months.
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