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GM, GMAC & the US Government… Have You No Shame?
In 1984, General Motors and Toyota entered into a joint venture, and they called it the NUMMI plant in Fremont California. Up until May of 2010, NUMMI built an average of 6000 vehicles each week, or...
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GMAC… Payments or Not, The Foreclosure Machine that Just Won’t Stop
Once upon a time… Our story begins back in 1995 when Michael and Pamella Negrea built their 2400 square-foot, colonial style home in Eastlake, Ohio, and took out a $200,000 mortgage. Michael’s 53...
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Did I say HELP? I didn’t mean help. I meant OFFER to HELP. Or talk about...
Help me, dear Lord. Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program, in a report issued yesterday, says the Obama administration is… well, absolutely full of...
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House Hearings to Answer Question: Are Loan Servicers Honoring Their...
On Thursday, June 21, 2010, the House Committee on Oversight and Government Reform held a hearing they called: “Foreclosure Prevention, Part II: Are Loan Servicers Honoring Their Commitments to Help...
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AMERICA LOST: Treasury’s meetings with bloggers tells a story that I didn’t...
I talk to a lot of homeowners from all over the country every single day, and it’s been like that for almost two years now. Each day, I’ve try to do whatever I can to help those struggling to hold on...
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What Shall We Tell Our Children, Mr. President?
Reposted from last November because I felt like it… It’s 4:00 AM. I couldn’t sleep… I had lunch with my 15 year-old daughter today. It’s her Homecoming Dance this coming weekend, and with 12 of them...
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IT’S BACK & IT’S HERE: Mandelman’s Monthly Museletter – Version 9.0
Yeah, I know… it’s been several months since my last Monthly Museletter. So, what’s your point? I try to keep up but it’s not easy. The banks are such pond scum that their crimes and abuses come...
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The Letter I Sent to Senator Feinstein Today…
Sent to Sen Feinstein in April of 2009… What follows is the text of a letter I sent to Senator Feinstein today. The situation is grave and worsening as related to private sector loan modification...
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So, It Wasn’t the Subprimers After All… What Do You Know About That?
Originally posted on July 20, 2009, … and yes there’s a reason I’m telling you that. Have you ever waited for a day to come? A special day. A day when all would begin to look right in the world once...
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Today’s Weather in India – Low 80s, Not a Cloud in the Sky.
In case you’re interested, the weather in India is really quite lovely this week. The humidity’s low, there’s no wind whatsoever, it’s sunny and in the low to mid 80s. I’m not thinking about going...
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Optimism is Hard Thing of Which to Let Go – The Car Sales Recovery Surprise
The Wall Street Journal just ran a story that started like this: “Just a few months ago, optimism was rising in the auto industry that new-vehicle sales would make a strong rebound this year after...
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A Letter to Brian Stevens at TBWS: We Need More Houses?
BRIAN! Dude… My good friend… Mi amigo de la Hipoteca clase… My favorite lender defender from whom laughs do engender… please don’t take me an offender… but as the message’s sender… a response to...
View ArticleExcuse Me… Secretary Geithner? Secretary Donovan? With All Due Respect…
Hi guys… thanks for coming… don’t worry… this won’t take long. Have a seat while I chat with the grown ups… Grown ups… hello. Apparently, Treasury Secretary Geithner and HUD Secretary Donovan have...
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Making Home Affordable Program: Treasury Finally Admits IT’S A DUD!
Here’s what The New York Times said today about Treasury’s response to the news about the Making Home Affordable Program: “AFTER months of playing pretend, the Treasury Department conceded last week...
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The People of the United States v. Wall Street’s Bankers
When I was a young boy, they used to say: “What’s good for General Motors is good for this country.” Back then my uncle was a Ford man, my father a GM man, and all I knew for certain was that like two...
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Mandelman a Guest on Short Sale Power Hour!
I like these guys a lot! They laugh at my jokes, and that’s good enough for me these days… and they even bought lunch, so what’s not to love? Actually, Kevin Kauffman and Fred Weaver are the two guys...
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Geithner is Allowing Banks to Recapitalize on Backs of Homeowners, or… Games...
This article was originally posted on September 3, 2009… seems like forever ago, doesn’t it? I’m re-posting it now because for one thing I know relatively few read it… I didn’t have all that many...
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We Are On the Brink of a New Age of Rage
On May 21, 2010, Simon Schama published a commentary piece in the Financial Times. Its title, On the Brink of a New Age of Rage caught my attention, and my regular readers I’m quite sure will soon...
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IT’S BACK & IT’S HERE: Mandelman’s Monthly Museletter – Version 9.0
Yeah, I know… it’s been several months since my last Monthly Museletter. So, what’s your point? I try to keep up but it’s not easy. The banks are such pond scum that their crimes and abuses come...
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South Carolina’s Hardest Hit Funds Farce… Failing but Finally Changing?
The 18 states designated as being those “hardest hit” by the foreclosure crisis were given a total of $7.6 billion in February of 2010. The money was to be used by the states to help homeowners...
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