Daily Archives: October 25, 2009

No salary cap for this banker, he works for us!

Freddie Mac CFO gets $5 million salary. But now that he’s switched sides and joined the government he’s no longer a greedy capitalist he’s a selfless public servant, so that’s okay.

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No, I was not in a Cos Cob art gallery this weekend

I was at a retreat held at some sort of Catholic-run camp in Moodus Connecticut and while I enjoyed the retreat, the art collection was truly astonishing – unrivaled except, perhaps, by General Garcia’s in “The In Laws”. Here is the pick of the litter, in my opinion. It seems to be Jesus knocking on the window of the Godless United Nations building in New York. I’ve asked a friend to Photoshop in a Khrushchev shoe but until then, here it is untouched and original for your viewing pleasure. Dig those cray 60′s cars!

Jesus loves meUpdate: Back Country Girl informs me that we can credit the Seventh Day Adventists for this, not the Catholics.

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Show me the mortgage

Turns out, the foreclosing lender  probably can’t (well, often can’t) and, at least in White Plains, you’re home free, so to speak.

UPDATE: Full story via NYT’s Gretchen Morgenson here. Reader Shoeless sent a link to a similar story from Florida – it seems that mortgage service employees signed all sorts of documents claiming to be officers of all sorts of financial institutions when they were not. Given the billions of dollars securitized and serviced by these people, we could be seeing billions of dollars in mortgage debt wiped out. Which will probably mean that the home owners get out of their legitimate debts and Congress will use taxpayer money to make the banks whole and everybody will be happy except, of course, the taxpayers. What a country!

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They’re coming to take you away today hey hey, ho ho

No outrage here because it’s Obama’s Chicago: Prosecutors subpoena students grades after Northwestern “Project Innocence” reveals wrongful conviction. I imagine the ACLU will tear itself away from freeing the Gitmo 219 to look into this, but where’s Ollie Stone? Roger Moore? Sean Penn?

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Madoff scammer Picower found dead in pool

Jeffrey Picower was being sued by the Madoff trustee for $6 billion. Did angry Colombians find him before the subpoenas? “I don’t know,” Monica Noel told us when FWIW’s Scusie reached her comment, “but that’s why I had the pool here shut early this season. Walt’s just been sooo sad.”

Walt’s son-in-law and prime Colombian salesman for the Fairfield Greenwich Group, Andres Piedrahita was said to still be on his yacht  in the Adriatic – “not hiding,” a spokesman said, “it’s just that the sea trials for the potential buyer are taking a few moths longer than expected.”

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