Bank Of America Finds File Reviews Tedious The Wall Street Journal is reporting that the staff of Bank Of America is uncovering a hornet’s nest in looking at mortgage files. Especially those they inherited from Countrywide. In 5 separate offices, BOA employees are mind numbingly going through over 100,000 foreclosure files trying to fix the [...]
So let’s get this right. Fannie and Freddie are the benefactors of what is arguably the biggest governmental bailout of all time, but the folks who took stock in these companies and actually invested in these mortgage behemoths, have no place to sit when the music stops. That hardly seems fair. No, forget about fair, it’s flat out insultingly wrong!
 In 1996, Michael Ovitz was “fired” by Disney. The entertainment golden boy was brought on to be the new crown prince of the world’s biggest entertainment company. Ovitz, a big time power broker and owner of arguably Hollywood’s most impressive Rolodex, lasted just 16 months before he was unceremoniously ousted. The cost for Disney [...]
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