Category: Financial/Economic The Mortgage-Backed Securities Meltdown: Full Employment for Lawyers TASA ID: 135 Whatever the impact on the rest of America, the financial meltdown of 2008 will guarantee full employment for the legal profession for a long, long time. Read more
Category: Financial/Economic How Can Investors Recover Money Lost by a Fraudulent Money Manager? TASA ID: 1464 The news of the massive fraud perpetrated by Bernie Madoff has created shockwaves around the financial world. Unfortunately, even though the Madoff case is the most glaring for its size, other frauds have emerged since the recent decline in stock prices. Read more
Category: Financial/Economic Financial Crisis Partly Caused by Reckless Mortgage Lending TASA ID: 685 The financial crisis in the financial markets in the United States has been caused by a number of factors. This presentation will be limited to a discussion of the reckless mortgage lending that has been one of the primary causes of this financial crisis with the intent to review possible litigation opportunities. Read more
Category: Financial/Economic Financial Commentary TASA ID: 322 What we are seeing now is the product of well-intentioned measures designed to (1) extend homeownership to those that previously could never realistically hope to own a home, and (2) earn a profit from a segment of the population that previously did not participate in the mortgage and homeownership markets. The goal of extending homeownership was admirable, but in many cases, the means of achieving it spiraled out of control. Read more
Category: Business & Commerce, Financial/Economic A Comparison of a Commonly Used Valuation Multiple to Real World Data TASA ID: 4374 A few months ago, I had an interesting chat with a very successful proprietor of a contractor supply retailer. He explained that, in his line of business, the sales price of a firm would be three to four times earnings before interest, taxes, depreciation and amortization (EBITDA), plus inventory, less dead and dying stock. Read more
