Posts Tagged ‘social information processing’

South Florida Law Blog…En Espanol

Friday, June 22nd, 2012

SpanishSeeing as how Oppenheim Law is based in South Florida, we obviously have many spanish-speaking clients, and more than a few spanish-speaking employees.

In fact it was one of those employees, Natalia, who brought it to my attention that we are doing them a disservice by not directly speaking to them here. We already offer translation services for our clients, and it’s only fair we do the same for our readers.

So from here on out we will be translating selected blogs into Spanish. To the right of this post you will now see, under the heading “En Espanol”, a link to Blog Legal Del Sur De La Florida (literal translation: Legal Blog of South Florida).

In this newly-created section we will post translated versions of blogs that I have already published in English. Natalia has been kind enough to translate my last two blogs “An Open Letter to President Obama” and “Shaun Donovan, Refinancing and the 900 lb. Gorilla” into Espanol.

I do speak a few languages beyond English, but I couldn’t do this without my spanish-speaking staff’s help, so please tell them “Gracias” the next time you step in the office.

If you’re interested in receiving our Spanish blogs by email, we have created a Spanish-only newsletter, which you can subscribe to by clicking here.

As always, we are “En Las Trincheras” (In The Trenches), fighting for our clients.

Sincerely,

Roy Oppenheim

Foreclosure Defense Attorney Roy Oppenheim

Unrealistic Returns; From Facebook IPO To Pension Funds

Friday, June 1st, 2012

Cash MoneyFollow the smart money.

Armchair pundits, present company included, will continue to analyze the long term impact of the initial poor performance of the long anticipated Facebook IPO.

You will hear how it has further eroded confidence in Wall Street and American style capitalism, which it has.

The Facebook IPO only reaffirms what many smart, wealthy and Main Street investors already know: not to trust the suits!

They know whether it’s from JP Morgan’s 3 billion dollar loss, the mortgage securitization fraud, NASDAQ’s inability to process orders of Facebook stock, or just an uneven playing field, Wall Street is no place to try and earn 7 or 8 percent a year on their money.

In fact New York Mayor Michael Bloomberg is suggesting that pension funds come down to earth and stop trying to reach such lofty unsustainable returns.

However, I am seeing a quiet revolution of investing by foreigners and Americans who never for one moment trusted the bankers who sold risky mortgage bonds like they were prime steaks when they were really renderings being sold to soap makers.

These investors, many of whom have been at it for thirty years, are buying something that is tangible, that is real, that they can touch and no, I am not talking about gold that has limited extrinsic value other than for making jewelry, stashing it in the ground or in secret vaults in Switzerland.

You guessed it, I am talking about buying good old fashioned REAL estate. The word “real” is in capital letters for a reason.

Because it is tangible, unlike a piece of paper that allows you to break even if a company earns 100 times its current earnings (like Facebook).
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Facebook IPO: Why It Went Wrong and Why It Matters

Wednesday, May 23rd, 2012

FacebookI foolishly hoped the Facebook IPO might actually bring some confidence back to Wall Street.

What was I thinking?

Turns out it’s just another example of how the soulless Wall Street culture is destroying American style capitalism.

We have barely gotten past JP Morgan Chase’s $3 billion catastrophe, and the outrage over their foolish decisions, but here we are again. The attention span on Wall Street seems equivalent to that of a small child.

Scott Udine, a broker friend of mine, said it best, “The brokerage firm community is made up of salesmen and people that mainly care about THEIR bottom-line….not yours!!! They will sell anything, say anything and do anything.”

Morgan Stanley over sold and over hyped too many shares of Facebook to an unsuspecting public, while quietly telling large institutional investors another story. And to add insult to injury NASDAQ had such huge headaches processing all the buy, sell and cancellation orders that they now admit the whole IPO was an unmitigated disaster.

So once again its heads, the banks win, and tails, you lose.

Morgan Stanley changed the game as the lineup was being announced. It reeks of impropriety. Anybody in the stock business will tell you it is practically unheard of.

I can only add this to the mounting list of evidence against the too-big-to-fail and too-big-to-jail banksters and sigh in disgust.

If you’re wondering why a foreclosure defense attorney is up-in-arms about a stock offering, it is because the same shady tactics that have led homeowners to my office are the same ones on display here.
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