Tag Archives: appraisal

Fannie Mae Hires an Officer it Alleges Defrauded it – and Finance Cheers

Posted on August 15, 2013 by Devin Smith | 4 comments

Three Bloomberg reporters have done the Nation a service by ferreting out a scandal of moderate magnitude but emblematic importance. Dakin Campbell, Jody Shenn and Phil Mattingly broke the story on August 14, 2013 that Adam Glassner, recently described, but not named, in the Department of Justice’s (DOJ) fraud suit against Bank of America (B of A), and named as a defendant by Fannie Mae’s in its fraud suit against B of A and several officers, was hired by two companies (Ally and Fannie) bailed out by Treasury.

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4 Comments

Posted in William K. Black

Tagged appraisal, appraisers, fannie mae

From an Appraiser

Posted on July 17, 2013 by Devin Smith | 3 comments

In response to Bill Black’s recent articles (here and here) on appraisal issues surrounding the financial crisis, the following comes to NEP from an Appraiser via creditwritedowns.com.

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3 Comments

Posted in Guest Blogger

Tagged appraisal, apprisers

The Fraud Shotgun: The Overlapping Fields of Fraudulent Fire that Drove the Crisis

Posted on July 17, 2013 by Devin Smith | 5 comments

By William K. Black

I have written a series of articles recently that focus on appraisal fraud.

I did so because appraisal fraud allows such “clean” tests of what (and who) drove the financial crisis and how many different private and public sector actors could have easily prevented the crisis had they acted against the fraud epidemics.

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5 Comments

Posted in William K. Black

Tagged accounting control fraud, appraisal, appraisers, Control Fraud, Great Financial Crisis

Heeding the Appraisers’ Fraud Warnings Would have Prevented the Crisis

Posted on July 11, 2013 by Devin Smith | 34 comments

By William K. Black

On July 9, 2013 I participated in a radio interview with a lobbyist for the 100 largest financial firms. The San Francisco radio program host asked me what question I would ask the lobbyist and I said that any discussion should begin with allowing him to state his view of what caused the crisis. In the course of his explanation, he bemoaned the fact that there was no warning about the crisis.

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