A few years back a good old friend of mine, Sheldon Cohen, former commissioner of the IRS under President Johnson and chief counsel under President Kennedy, told me over lunch in DC that the whole problem with the collapse of the rule of law during the mortgage foreclosure crisis with the banks is that if they were allowed to get away with it THIS time … what will happen NEXT Time. He strongly felt that the banks deplorable and despicable behavior needed to be addressed legally and by the regulators or the Wall Street Rule would continue to only be reinforced by the government’s complicity: simply put Wall Street Rules as they make the rules. Continue reading
While Smoke BBQ Fort Lauderdale was attracting big crowds after Michael Mayo, dining critic raved about its smoked pastrami sandwich last month, co-owner Scott Kennedy was sleeping overnight in the restaurant because of a percolating business dispute that threatened to suddenly shutter the eatery.
Share and Enjoy
Share and Enjoy
This past January, we featured a post explaining a new order issued by the United States Department of Financial Crimes Enforcement Network (FinCEN), where it began cracking down on secret real estate buyers in certain parts of the U.S., which included Miami-Dade County.
The Geographic Targeting Orders (GTO) was a temporary directive requiring title insurance companies to identify “all cash” purchasers of high-end residential properties in Manhattan and in Miami-Dade County, Florida. The GTO was in effect on March 1, 2016, and was set to expire of August 27, 2016. Continue reading