Goldman’s nightmare: @GSElevator gets book deal
What is good news for Kate Upton, Vanilla Ice and Bette Midler might make grim reading for Goldman Sachs executives as the anonymous author behind the@GSElevator Twitter profile has agreed a deal to turn his allegedly insider observations into a tell-all book about life at the bank.
Tentatively entitled “Straight to Hell: True Tales of Deviance and Excess in the World of Investment Banking,” the book is due for an October 2014 publication and, according to its anonymous author, is intended to be “the definitive exposure of investment banking culture . . . shedding new light on a world that is far more abhorrent, and yet, way more entertaining than people can imagine.”
The @GSElevator Twitter profile began tweeting some three years ago, tapping into a wave of anti-bank sentiment with messages such as “My garbage disposal eats better than 98 percent of the world,” and “I really do hope they have golf in Hell.” @GSElevator has since attracted more than 600,000 followers on the social media network, dwarfing the number of followers of Goldman’s own official profile.
And here is the twitter account:
GS Elevator Gossip
Things heard in the Goldman Sachs elevators do not stay in the Goldman Sachs elevators. Email what you hear to email@example.com.
New York / London / Hong Kong · bit.ly/MXGXPF
SECRET DOCUMENT: The Foreclosure Mills- Fabricating Documents in Foreclosure (DO NOT FORECLOSE IN THE NAME OF FANNIE!)
From Florida lawyer Matt Weidner blog:
A foreclosure mill gets an instruction to foreclose on a family…but who gives the foreclosure mill that instruction?
WHATEVER YOU DO, DO NOT DISCLOSE THAT THE FORECLOSURE IS BEING DONE ON BEHALF OF FANNIE MAE OR FREDDIE MAC
Because after all…what would the American people think if they knew who was really pulling the strings?
And if you’ve already started a foreclosure and told the court the loan was owned by someone else….call us, we need to straighten this out….IMMEDIATELY.
And after we’ve sent you documents over years swearing and affirming under penalties of perjury that this foreclosure is being pursued on behalf of one party….
TRANSFER THE PROPERTY TO AN ENTIRELY DIFFERENT PARTY AFTER FORECLOSURE!
And even though we deny that HUD/FHA regulations apply to this loan
YOU MUST COMPLY WITH HUD REGULATIONS!
The most disturbing thing about all this is that courts all across this country are busy transferring properties to entities that have absolutely no idea what entity is actually taking title to the property…..I’m sure that’s perfectly permissible…I’m sure there’s nothing wrong with that.
Have a look at this secret document:
Fannie Would Get About $537M in Deal With Lehman
ehman Brothers Holdings Inc. has reached a settlement with Fannie Mae that would allow the mortgage finance giant to recover about $537 million for its claim against the estate of the failed Wall Street bank over soured mortgage securities.
The settlement announced Thursday must be approved by a federal bankruptcy judge. It valued Fannie’s claim over home loans and mortgage securities it bought from Lehman before the financial crisis at about $2.15 billion. But under Lehman’s bankruptcy proceeding Fannie would get about 25 percent of that.
A Fannie official called it a fair outcome.