Advocates of an open Government and transparent allocation of taxpayer funds celebrated the news late Friday afternoon (2-20-09) that the U.S. District court has moved to enforce a Freedom of Information Act (FOIA) request to release more details about exactly how TARP bailout funds have been and are being used.
I don't think Treasury has realized that they are not the only ones who have new powers and responsibilities in the implementation of this historic bailout - the Courts have yet to weigh-in on much of this, including who is ultimately going to be held responsible for the mess that is the economy, even if it is still taxpayers who have to foot the bill to clean it all up. My guess is that the courts feel very differently about full disclosure than does the insider Wall Street elite who regulate themselves from Washington D.C. in seeming perpetuity.
When the dust from the departing helicopter finally settled, America realized that the old "shrubs" of the last 8 years had been replaced with the seeds of new growth opportunities. Secretary of the Treasury, Timothy Geithner will most certainly review the current state of affairs and enact some significant new enhancements.
http://information-security-resources.com/2009/02/10/geithner-appointment-clears-landscape/
"Review the April Fool's Day 2008 Balance Sheet of the American Economy (Unmanageable Loss. Manageable Catastrophe. New Mortgage News, April 1, 2008). It predicts systemic bank failures. That means that it predicts that many banks will fail. This work depended upon approximately three minutes of study and calculation. It has been right in every respect -- except that what was then a wild prediction of losses now seems petite, thin and malnourished. At the time the guess was $2 trillion of mortgage losses. Now the guess is $5 trillion. Five is more than two. The five trillion is now a wild number, but I have walked this way before. Logic is my guide. The madness of crowds I will leave as your option. As you may rightly imagine, with a trillion here and a trillion there, pretty soon we are talking about real money. The money lost is very real now, as is our national bankruptcy. We need to file, but we can't find a good attorney."
http://information-security-resources.com/2009/02/08/financial-cos-dont-cheap-out-on-infosec/
"We cannot start our recovery until we have completed our bankruptcy. Go ahead now and do the denial, anger, bargaining, and depression. Open the window and scream. Then put the fate of the world ahead of the obvious reasons we shouldn't do this. Yes, we will reward a carnival of bad behavior and make people believe they can get away with it. Should we chose massive global depression instead?"
"Then ask yourself: Is it possible our property market can deteriorate by 40% and no systemic bankruptcy follows? Is the bubble's very definition homeowners taking on debt they cannot afford - to buy houses priced for a Ponzi flip? Where is that bad debt going to go?"
Continued: http://yourmortgageoryourlife.wordpress.com/2009/02/02/plan-orange-a-quick-end-to-the-mortgage-mess/
"Talk about a credit crisis: Heartland Payment Systems, a credit card payment processing firm, may have been the victim of the largest data breach to date. The Princeton, N.J.-based firm said Tuesday that it discovered malicious software in its systems that compromised the security of the data traversing its network. It's unclear what data may have been tampered with or stolen..."
http://information-security-resources.com/2009/01/21/isr-news-worlds-biggest-data-breach/
Analysis and Commentary on Finance and Freedom in America Today - Get the insider's perspective from a former market analyst for the big banks who was right in the middle of the Bubble Factory...
Anthony is a researcher, analyst and freelance writer living in beautiful Eugene, Oregon. Anthony covers the finance industry - particularly mortgage related topics - and is a fervent advocate of both freedom and accountability
All fish are catch and release.
As a Research Analyst, I worked as part of a talented team who developed competitive market intelligence for the banking and finance industries. 
I worked directly with and for senior members of product development, secondary and capital markets from the largest financial institutions in the country, including Bank of America, Citigroup, JPMorgan, Washington Mutual, Countrywide, Wachovia, Fifth Third, IndyMac, GMAC, SunTrust, and many more.
I have extensive experience in research, data collection, analysis and custom report design, as well as long term project and client management. I continually locate, develop and maintain high level resources and contacts in the finance industry in order to maintain regular access to competitive intelligence that may not be available through traditional channels. 
I have lead high profile projects from conception to development and through implementation, and I have been extremely fortunate to continually have worked with a culturally diverse team of colleagues who possessed unlimited talents, and who worked tirelessly to ensure the highest standards of quality in client satisfaction and product quality. In my position as a Research Analyst, I was also primarily responsible for the bulk of the Special Studies commissioned by our clients. Various research methods in combination with multiple sources of data were employed to prepare studies and reports that were tailored for use by the executive teams of the major lenders.
The primary types of data sought and utilized for these reports consisted of proprietary underwriting guidelines, base rate and adjuster databases with APRs, production metrics and market analytics, fee schedules and internal company communiqué. 
This data was nearly worth its weight in gold, and extremely difficult to secure on a regular basis. Even our own clients would bar access to the majority of their data through the official channels, but we always managed to get our hands the best data. During the housing bubble the hunger for product and market intelligence that was driven by the desire to gain market share was so great that executives at nearly all of the lenders were willing to barter almost anything, but not necessarily with anyone. That is where I did my best work. 
The crux of my position relied on my ability to establish and develop relationships based on trust and discretion with senior level contacts at major lenders who could provide me with regular access to intelligence of the most sensitive nature. Effectively managing and further developing these resources required a great deal of diplomacy and finesse, as the contacts were well aware that my clients included their biggest competitors. Prior to becoming a paid analyst, I founded Everybody's Holding Company, LLC buying, remodeling and marketing investment properties in Eugene, Oregon.
I have experience in all aspects of small business operations, accounting and finance.
All fish are catch and release.
Photos © Anthony M. Freed All Rights Reserved
"Anthony would be a great asset to any company. I worked with him for over a year during his tenure at Heitman and found him to be dedicated and hard working. He was always cool under pressure even during the most demanding fast paced mortgage environment and always delivered quality service with a calm demeanor. His responsibilities as a business partner included the collection, analysis and distribution of sensitive data in a format that was flexible for a diverse audience. He responded to questions and requests on a timely basis and always went the extra mile by following up on a consistent basis to ensure there were no open questions that needed resolution. I have always found him to be articulate, energetic and enthusiastic in his role and overall relationship with our organization."
Vice President, First Mortgage Product Management
Bank of America
worked directly with Anthony M. at The Heitman Group, Inc.
==============================
"Anthony is a preeminent analyst in mortgage banking. His knowledge of the industry and networking abilities would make him an asset to any firm dealing in banking, especially mortgage banking and secondary markets." August 23, 2008
Matthew Miller , Senior Data Analyst , The Heitman Group, Inc.
worked directly with Anthony M. at The Heitman Group, Inc.
============================================
"I worked with Anthony at a competitve analysis company. He was my go-to guy if I had any industry related questions. He could always provide me with the answers I was looking for. I remember one particular instance where we were having a discussion and he predicted Bank of America's buyout of Countrywide about 6 months before the transaction." August 23, 2008
John Creason , Data Analyst , The Heitman Group
worked indirectly for Anthony M. at Heitman Group
===================================
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
