October 2013

Are The Top Bidders For The World’s Largest Industrial Ruin Sniffing Glue?

Muad'Dib / 10/30/2013

Jill Van Horn Issues Rambling Press Release Referring To Herself As A Prophet Who Will Save The World’s Largest Industrial Ruin And Detroit “Prior to placing the bid on the Packard Plant, Dr. Van Horn’s prophecy was to resurrect Detroit by providing education, jobs and vocational training to the city’s residence, simultaneously unplugging the financial arteries […]

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Are The Top Bidders For The World’s Largest Industrial Ruin Sniffing Glue? Read Post »

JPMorgan Still Isn’t Sure What It Bought From The FDIC WaMu Fire Sale

Muad'Dib / 10/29/2013

JPMorgan Has No Idea What they Bought From The FDIC Matt Levine of Bloomberg wrote a great piece about how JPMorgan Chase has no idea what WaMu Assets They Bought From The FDIC You may have heard that the nation’s third largest bank is paying a lot of people billions of dollars to settle those

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JPMorgan Still Isn’t Sure What It Bought From The FDIC WaMu Fire Sale Read Post »

Is David Szymanski The Katie Bueller Of Detroit?

Muad'Dib / 10/29/2013

Even Ferris Bueller’s Gullible Mom Wouldn’t Believe The $6 Million Bid For The Packard Plant Is Serious But Wayne County Deputy Treasurer David Szymanski Does “Wake up and smell the coffee, Mrs. Bueller. It’s a fool’s paradise. He is just leading you down the primrose path.” -Edward R. Rooney, Dean of Students, Ferris Bueller’s Day

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Is David Szymanski The Katie Bueller Of Detroit? Read Post »

Citigroup Follows The Herd Of Bankers Selling Off Servicing Rights

Muad'Dib / 10/27/2013

Citigroup Selling Servicing Rights as Banks Retreat The U.S. mortgage market’s largest lenders like Citigroup are pulling back amid looming regulations and a drop in refinancing that fueled record profits last year. Bloomberg via National Mortgage News Citigroup Inc., the third-biggest U.S. bank, is selling mortgage-servicing rights on $63 billion of loans, or about 21

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Something Is Not Right With This $6 Million Bid To Buy The World Largest Industrial Ruin

Muad'Dib / 10/26/2013

Enigmatic Bid And Cryptic Answers Make It Appear Shenanigans Are Afoot With $6 Million Pandemonium erupted in Detroit media last night and today when it was announced that a doctor from suburban Houston named Jill Van Horn was the top bidder for the abandoned Packard plant on Detroit’s east side with a winning bid of

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Something Is Not Right With This $6 Million Bid To Buy The World Largest Industrial Ruin Read Post »

Are The Top Bidders For The World’s Largest Industrial Ruin Sniffing Glue?

JPMorgan Still Isn’t Sure What It Bought From The FDIC WaMu Fire Sale

Is David Szymanski The Katie Bueller Of Detroit?

Citigroup Follows The Herd Of Bankers Selling Off Servicing Rights

Something Is Not Right With This $6 Million Bid To Buy The World Largest Industrial Ruin

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