This insanely complex chart represents securitization auditor Dan Edstrom's best attempt to figure out who actually owns his mortgage: "The following flow chart reverse engineers the mortgage on the Ekstrom family residence. It took Dan over one year to take it this far and it clearly demonstrates what happens when there are too many lawyers being manufactured."
Subprime mortgages began as a project to extend credit to poor people to give them a bridge to home-ownership, but it did so by allowing unscrupulous lenders to offer credit on unfair terms, with government guarantees to back the loans, even the bad ones.
In an earnings call in which Caterpillar execs explained their dismal takings to investors, Cat execs explained their plan to grow by leasing tractors to Chinese companies with crummy track-records for payment.
David Adier missed two mortgage payments on his home in Morris Township, NJ, so Wells Fargo, his mortgage lender, sent contractors who illegally broke in and “trashed-out” his home as though it was abandoned, stealing the family treasures his father smuggled out of Nazi-occupied France.
Plastic is so 2013. You don’t want to buy something only to throw it away or lose it and barely care. You like nice things and want to hang onto them. The Plazmatic lighter here is a high quality, high tech alternative to the typical cheap, plastic lighter you get at the old gas station. […]
Real engineers build things. Super cool engineers build things with their hands and fingers, like our engineering forefathers did. No idea where to even begin to do that? This step by step Arduino course is now 92% off and is going to get you up and running, from zero to hero, in no time. So […]
How do Google and YouTube really work? It turns out, Python kind of runs things around those parts. And with this bootcamp, you’ll get whipped into shape and ready to start programming yourself. Whether you’re a Python pro and just want to sharpen your skills, or a total tech newbie with little or no coding […]