Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-54981 Mon, 15 Sep 2014 15:13:16 GMT L.A.'s most extreme home hits the market at $85 million http://implode-explode.com/viewnews/2014-09-15_LAsmostextremehomehitsthemarketat85million.html iehi-feed-54976 Mon, 15 Sep 2014 01:03:26 GMT Why Can't Dave Ramsey Get his Facts Straight on Reverse Mortgages? - Mandelman Matters http://implode-explode.com/viewnews/2014-09-14_WhyCantDaveRamseyGethisFactsStraightonReverseMortgagesMandelmanM.html iehi-feed-54972 Sun, 14 Sep 2014 18:46:06 GMT Are Deutsche Bank & OCWEN Attempting To Swindle A 9/11 Responder? http://implode-explode.com/viewnews/2014-09-14_AreDeutscheBankOCWENAttemptingToSwindleA911Responder.html iehi-feed-54958 Fri, 12 Sep 2014 22:14:45 GMT Foreclosure Activity Rises for Second Straight Month in August: RealtyTrac http://implode-explode.com/viewnews/2014-09-12_ForeclosureActivityRisesforSecondStraightMonthinAugustRealtyTrac.html iehi-feed-54956 Fri, 12 Sep 2014 22:05:40 GMT HSBC to Pay $550 Million to US Housing Authorities to End Mortgage-Related Suit http://implode-explode.com/viewnews/2014-09-12_HSBCtoPay550MilliontoUSHousingAuthoritiestoEndMortgageRelatedSui.html iehi-feed-54952 Fri, 12 Sep 2014 03:13:20 GMT U.S. mortgage applications fall to lowest since Dec 2000: MBA http://implode-explode.com/viewnews/2014-09-11_USmortgageapplicationsfalltolowestsinceDec2000MBA.html iehi-feed-54951 Thu, 11 Sep 2014 15:48:28 GMT Michigan's 'Foreclosure King' Is Trying to Win a Seat in Congress http://implode-explode.com/viewnews/2014-09-11_MichigansForeclosureKingIsTryingtoWinaSeatinCongress.html iehi-feed-54934 Wed, 10 Sep 2014 01:55:50 GMT SAC's Martoma's Nine-Year Sentence Reflects Outsized Insider Trading Gains http://implode-explode.com/viewnews/2014-09-09_SACsMartomasNineYearSentenceReflectsOutsizedInsiderTradingGains.html A federal judge in Manhattan sentenced Mathew Martoma to nine-years in prison yesterday for his role in an insider trading scheme that earned his former employer, the hedge fund SAC Capital, $276 million in illicit gains. Coming on the heels of a wave of insider trading prosecutions over the past five years, the sentence is among the longest ever issued for the crime.

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The impact of the sentence on SAC Capital's owner, Steven Cohen, remains clouded. The government has been investigating SAC Capital for years. Their efforts have yielded eight convictions and guilty pleas. Yet, Cohen, who has not been charged with criminal wrongdoing, has eluded their grasp.

The same cannot be said of SAC Capital. The firm pleaded guilty to one count of wire fraud and four counts of securities fraud and also settled civil charges with the Securities and Exchange Commission last year (another civil case with the SEC is still pending). It paid out more than $1.8 billion through these settlements and Cohen had to drop all of his clients: his new firm, Point72 Asset Management largely invests his multibillion fortune.

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iehi-feed-54914 Mon, 08 Sep 2014 16:04:25 GMT The U.S. Student Loan Debt Crisis Will Dwarf The Mortgage Crisis http://implode-explode.com/viewnews/2014-09-08_TheUSStudentLoanDebtCrisisWillDwarfTheMortgageCrisis.html iehi-feed-54907 Sun, 07 Sep 2014 16:58:30 GMT Struggling Homeowners Are Shouldering The Responsibility Of U.S. Deficit http://implode-explode.com/viewnews/2014-09-07_StrugglingHomeownersAreShoulderingTheResponsibilityOfUSDeficit.html iehi-feed-54901 Sat, 06 Sep 2014 18:22:37 GMT Pssst...Hey Mac, You Wanna Know A Secret On How To Delay Your Foreclosure? http://implode-explode.com/viewnews/2014-09-06_PssstHeyMacYouWannaKnowASecretOnHowToDelayYourForeclosure.html iehi-feed-54899 Sat, 06 Sep 2014 15:46:42 GMT Sorry Max Keiser But The 2nd Housing Crisis Isn't Coming. It's Already HERE! http://implode-explode.com/viewnews/2014-09-06_SorryMaxKeiserButThe2ndHousingCrisisIsntComingItsAlreadyHERE.html iehi-feed-54895 Sat, 06 Sep 2014 14:02:15 GMT Jubilación!  It Means "Retirement" South of the Border. - Mandelman Matters http://implode-explode.com/viewnews/2014-09-06_JubilacinItMeansRetirementSouthoftheBorderMandelmanMatters.html iehi-feed-54894 Sat, 06 Sep 2014 13:54:47 GMT Hipster neighborhoods and the flippers that love them - Dr. Housing Bubble http://implode-explode.com/viewnews/2014-09-06_HipsterneighborhoodsandtheflippersthatlovethemDrHousingBubble.html iehi-feed-54878 Fri, 05 Sep 2014 13:12:25 GMT Want To Stop Your Foreclosure? Act Like Michael Corleone Not Joan Crawford http://implode-explode.com/viewnews/2014-09-05_WantToStopYourForeclosureActLikeMichaelCorleoneNotJoanCrawford.html iehi-feed-54875 Thu, 04 Sep 2014 16:13:23 GMT Keiser Report Ep. 649 w/Aaron Krowne - Housing Generational Shift And Depression Written On The Wall http://implode-explode.com/viewnews/2014-09-04_KeiserReportEp649wAaronKrowneHousingGenerationalShiftAndDepressi.html iehi-feed-54868 Thu, 04 Sep 2014 02:10:43 GMT Loan Modification Misinformation or Lies... I Just Can't Take Much More of This  - Mandelman Matters http://implode-explode.com/viewnews/2014-09-03_LoanModificationMisinformationorLiesIJustCantTakeMuchMoreofThisM.html iehi-feed-54847 Mon, 01 Sep 2014 21:35:26 GMT MFI-Miami To Begin Investigating Student Loan Fraud And Collection Abuses http://implode-explode.com/viewnews/2014-09-01_MFIMiamiToBeginInvestigatingStudentLoanFraudAndCollectionAbuses.html iehi-feed-54842 Sun, 31 Aug 2014 17:16:25 GMT Home-Flipping Collapses in San Francisco, Losses Spread http://implode-explode.com/viewnews/2014-08-31_HomeFlippingCollapsesinSanFranciscoLossesSpread.html iehi-feed-54834 Sat, 30 Aug 2014 15:45:36 GMT And Here's to You Mr. & Mrs. Robinson -- Will Quiet Title Hold Up in California? - Mandelman Matters http://implode-explode.com/viewnews/2014-08-30_AndHerestoYouMrMrsRobinsonWillQuietTitleHoldUpinCaliforniaMandel.html