Category: Workouts

A duty to negotiate? Part 2: the claim

4 September, 2008 (08:56) | Law, Subprime, US News, Workouts | No comments

[Continued from yesterday’s Part 1.]
 
Yesterday we followed the tale of woe offered, by their class-action consumer-protection lawyer Gary Klein, of Lori and Mark Pestana of Westford, MA, who as reported in the Boston Globe are now suing Washington Mutual (WaMu) to prevent the foreclosure of their modest home in Westford, based on their assertion that […]

A duty to negotiate? Part 1: the story

3 September, 2008 (09:14) | Law, Lending, Subprime, US News, Workouts | No comments

Using a loan I borrow from you, I buy a house that I now cannot pay for.  I fall into default, and you send me notices of default, but I want to renegotiate. 
 
Are you obligated to negotiate with me?
 

Okay now, bank, let’s negotiate
 
That appears to be the premise behind litigation recently filed by Lori […]

The ultimate consultant: who you gonna call?

16 April, 2008 (08:08) | Humor, Primer Posts, Theory, Workouts | No comments

[Continued from yesterday’s Part 1.]
 
Yesterday’s post introduced the quintessential consultancy, the Ghostbusters, and illustrated their business and marketing brilliance. 
 

I owe my success entirely to my time not studying in college
 
We continue with their rules of being a successful consultant:
 
E.         Often your consulting will involve housing.
 
[Louis is being chased by a demon dog] Louis: [frightened] […]

The ultimate consultant: Ghostbusters

15 April, 2008 (08:47) | Humor, Primer Posts, Theory, Workouts | No comments

In addition to being a research and educational institution, AHI is a consultancy – we are specialists brought in to solve particular large, complex problems (or rather, to help people solve the problems themselves, since like other consultants we go away when the job is done).

Can we possibly restructure this financing, kemo sabe?
 
In the twenty-plus […]

Introducing the State of the Market

9 January, 2008 (09:50) | Markets, US News, Workouts | No comments

Things happen so quickly, people become mere blurs
 
Several months back, my for-profit US company launched a workout group, to aid entities – typically large institutions – that find themselves having to take a much more active role in risk mitigation than they had heretofore expected. In that context, I’ve started writing a monthly column, The […]