Angelo Mozilo, the Chairman of Countrywide Financial Corportation, inadvertantly replied to an e-mail from a mortgagee (he meant to forward it on to other executives), Daniel Bailey Jr., who was...
The federal government took control of IndyMac today, as the Office of Thrift Supervision transferred control of the $32-billion bank to the Federal Deposit Insurance Corp (FDIC). Indymac's...
From DeadlineHollywoodDaily.com: Imprisoned former celebrity P.I. Anthony Pellicano and a man he allegedly hired to threaten former entertainment business journalist Anita Busch (then working as a...
From The Associated Press: Cardinal Roger Mahony of Los Angeles is on the witness stand testifying in the case of two brothers who claim they were molested years ago by a priest at a San Joaquin...
As the California Legislature passed a budget package today that raises taxes and cuts billions of dollars in school funding, I felt that sharing the below press release was worthwhile and...
A letter was written by Sam Zell to Tribune Company employees earlier this year discussing the value and intelligence behind the Employee Stock Ownership Program's (ESOP) private transaction of...
From the Los Angeles Times' L.A. Land Blog; SEE BOLD CAPS for commentary: Past attempts to disclose mortgage information to homebuyers have resulted in thick stacks of documents dropped like bricks...
...And then tell them that it's in order to keep you from going insolvent and to keep your business doors open. That was basically the ridiculous acknowledgment made by Fannie Mae on Tuesday...
Who deserves the blame for the economic and housing crisis? It's difficult to point the finger at one individual for instigating this mess, because many people were involved. In fact, the blame...
The family of Aida Magdaleno filed a claim today against Metrolink, alleging the agency chose not to use the available rail safety features needed to protect Southern California rail commuters. “We...
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