Irene Eng The Kibbitzer

We made it to the dancing hall last night.  The owner who wears fedora of the studio is pretty cool, bald head, bald eye brows.  They offer lessons thoughtout the day.  Despite of the Dancing with the Stars, ballroom dance /pair dance has the timed stale flavor, not matter how young the dancers are.  The average dancers are [...]

A man hasn’t paid a dime to his $1.5m mortgage in Florida since 2002, and the bank can’t foreclose on his perporty.  Because the bank can’t prove it owns it after they pool mortgages into securities.  Subsequent efforts to foreclose have stalled because no one has produced the paperwork.  More than $2.1 trillion, or 19% of outstanding mortgages have been bundled into [...]

Spreadsheet is a great tool in many things, but I found it sucks when you use it to total up, say trades or the like.  Because it provides opportunity for massage the data.  SocGen rattled the Wall Street, so the auditors are in full swing, demanding report here and there.  Many fancy derivatives are so new, there [...]