John Devaney

John Devaney, ex-CEO United Capital / Uber-idiot
Why in the USA do these idiots get 10's or 100's of millions? Is anyone really worth it? In the end, what he was paid for (profits in hedge funds) never materialized. I guess all pyramids have someone at or near the top.

May 2007: The investors: How to get rich trading "idiot" loans
Devaney on ARMs:
Option ARMs? Devaney loves 'em. "The consumer has to be an idiot to take on those loans," he says. "But it has been one of our best-performing investments."
But Devaney, who told a crowd of investors that the riskiest mortgage bonds looked "awful" before the crash, says he thinks he'll be buying. "I don't believe the carnage and fallout will be as bad as people think," he says.
Two months later...
July 2007: Fund manager's fun sailing away
A hedge fund manager whose fund ran into trouble from the sell-off in securities backed by subprime mortgages is having to put his huge yacht up for sale, seeking $23.5 million.

Aug 2007: John ‘Big Idiot’ Devaney Sells Yacht as Subprime Losses Hit Hedge Fund

Stan-the-Man®

Stan-the-Man®, S.D. Realtor
Stan is famous for helping find homes for the disabled. Although, how many disabled individuals actually lived in these homes??

National Help-the-Disabled-Buy-a-Home Month

Here is proof of 30 transactions where most, if not all, have ended up in foreclosure. What is even more interesting is that he gets top dollar for the homes.

Remember Stan-the-Man
Price Free Fall in La Mesa?

Helper of the disabled, or devil in disguise? You decide.

* True identity still unknown, but if I get the name, it'll be recorded for posterity.

NAR

National Association of Realtors®
For anyone buying a home, the NARs objectives conflict with yours. They make money through a sales commission, so the more you pay, the more money they earn. And how many times during the housing boom did you hear or read about a Realtor saying, "You'll be priced out forever", or "Real estate always goes up." Total rubbish. And now that the boom is turning into bust, "It's a great time to buy, prices are lower." When prices get back in line with household earning and historical guidelines for affordability, then it will be time to buy. I've singled out a few notorious Realtors (Jenae, et al) for their shameless manipulation of the loose lending practies, and/or for pushing toxic loans (Nunez, et al) onto people that do not have the earnings to justify the loan amount.

Jim Cramer

Jim Cramer, CNBC Blowhard
Just watch the Cramer Chronology video and you'll understand why he's here. Lister to Farnoosh Torabi; what fu**in' language is she speaking.

Cramer on Housing, Part 1 (mid-2006)
Cramer on Housing, Part 2 (Nov-2006)

The Street

Inducted for suppressing truth by having the Cramer Revisionist video removed from YouTube. Really quite unbelievable. The video simply recaps statements made by the jackass, Jim Cramer, over the span of about a year. First, he rages about the housing bears being so wrong. Then he does a complete 180 and says the bears are 'optimistic'. What does this say about mainstream media? They don't give a damn about the truth.
http://www.youtube.com/watch?v=Wk44peDjLjU

This video is no longer available due to a copyright claim by TheStreet.com

The video is back onYouTube as of Sep 8, 2007, but TheStreet stays in the Hall of Shame.
The video is off YouTube, again.
Cramer Video

Jenae Politovich-Peckham

Jenae Politovich-Peckham, Roman Realty
aka Jeanie, Super-Jenae®
Jenae is famous for pulling off impossible sales. Properties can sit on the market for months with no offers, but bring on some of that Jenae Magic® and not only will she sell the house, it will sell above the previous asking price.

Jenae's resume:
More Funny Business From Super-Jenae® and Friends
Roman Realty: Realtors Helping Realtors
How can I get some of that Jenae Magic
Every Step You Take, Fraud is There With You...
If I Didn't Have That Jenae-Magic®... In Bressi Ranch

Debtkid

Debtkid.com, Honorable Mention
I won't give Debtkid full induction into the Hall of Shame, but he will represent all the 20-dumbthings that are stupid enough to think they can manage crippling debt, and are so overwhemlingly filled with a sense of self-entitlement that they possess no self-control. Perhaps it is upbringing by baby boomers that has deluded this generation.

Muggle Money Mistakes :
When I was 23 I bought a nearly half-million dollar home because I could. A year later I was short selling the home to avoid foreclosure. Sometimes, just because you can do something financially, does not mean that you should.

Isn't it strange how this 20-dumbthing mixes Harry Potter in with this real life; is it all a game to these idiots. He tried to 'Expecto Patronum' his debt away, but it didn't work. At the ripe age of 23, exactly how are you able to obtain the financing? Loose lending practices, that's how. Just ask this strawberry picker how he got a $720,000 loan. You're very, very special, dumbkid.

Liz Seither, Real Estate Bum®

Elizabeth "Liz" Seither, Banker, Owner, Flipper, Real Estate Bum®
The vanity and ignorance of this Realtor has earned her a spot in the Hall of Shame. How much damage did rampant flipping do to home prices? How many innocent buyers will be paying $100's of thousands more for the priveledge of "owning" a home.

"I'm not a real estate bum," Realtors say. Seither invested - unwisely it turns out - in expensive Clearwater waterfront property at the peak of the recent boom. Lenders are after her for millions of dollars in debts. After juggling 15 calls from debtors, creditors and clients, Seither lays the phones aside and delivers a pep talk to herself. "I'm not a real estate bum," the president of Executive Preferred Properties announces. "I wear diamonds, Rolexes and necklaces. I'm a classy Realtor."
Watchworld: Flippers are also Realtors
http://www.clearwaterbeachfl.com/Agents.htm

Sam Leccima

Sam Leccima, ex-host of A&E's, Flip This House
Turn's out, Sam was the host of an Un-Reality show. The renovations were shoddy, the sales were bogus, and it was all a sham.
YouTube Vid: A&E - FLIP MY FORECLOSURE SCAM
'Flip This House' star accused of fraud and faking work on show

"This is, indeed, a con artist," said Sonya McGee, an Atlanta pharmaceutical representative who says Leccima took $4,000 from her in an investment scheme.
Part 2 Video: PART 2 OF A&E - FLIP MY FORECLOSURE SCAM

As a society, where are we when we find "entertainment" in renovating and selling homes for profit and greed? Housing bubble? What bubble??

George Chamberlain

George Chamberlain, San Diego, NC Times, TV & Radio Bafoon
George is a tireless promotor of real estate. You can find references from May 2006:That jackass Chamberhead is back railing that no bubble existsand as current as August 2007:
American Dream is Still Alive
And...George the Whore Speaks at Del Sur This Weekend
[video page: http://delsurseminar.delsurliving.com/]

Casey Serin

Casey Serin, Ex-Real Estate Mogul/Flipper
Casey was your typical twenty-dumbthing that thought he could strike it rich in real estate. He "purchased" upwards of 8 homes, but lost most through foreclosure. He gained famed through his blogging (IamFacingForeclosure.com) about the foreclosures. His case is typical of the mortgage fraud that has plagued housing the past few years. How can someone with little or no equity purchase 8 homes??
Poor, Casey.
Casey Serin From Wikipedia

Monica Kang

Monica Kang, Roman Realty
Congratulations, Monica! Welcome to the Hall of Shame®! Not to diminish the accomplishment, but joining Roman Realty is an easy ticket to induction.

Monica's Resume: (aka Air Monica®)The Path to the Dark Side

How to Get Inducted

• Engage in suspicious mortgage loan activity, appraisals, sales, etc.
  
• Shamelessly hype and/or promote subprime/interest-only/Alt-A loans
  
• Deny the existence of a housing bubble or deny that problems exist with mortgage-backed securities.
  
• REFI or HELOC your way to a better lifestyle.
  
• Foolishly leverage yourself to the breaking point.
  
  *All inductees are innocent of a crime until proven guilty in a court of law. *

Failed or Impacted Bonds

• 08-07-2007: Bear Stearns
  Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. and Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund Ltd. asked for an "orderly liquidation'' in a petition filed in Cayman Islands Grand Court, citing volatility in the subprime mortgage market.


• 08-07-2007: Alt-A
  Credit rating agency Standard & Poor's said Tuesday it placed 207 classes of mortgage-backed securities issued between Oct. 2005 and Dec. 2006 -- all underpinned by an intermediate type of loan -- on a negative rating watch.


• 08-06-2007: Frankfurt Trust, ABS-Plus fund
  Includes residential mortgage-backed securities and collateralized debt obligations, halted redemptions on Aug. 3


• 08-06-2007: Axa Investment Managers, US Bond Fund
  Reported a 13% drop in its value over two days in July


• 08-06-2007: Fidelity Intermediate Bond Fund
  In March, Ford O’Neil, portfolio manager of the $8.3bn Fidelity Intermediate Bond Fund in the US, reported that the fund’s small exposure to sub-prime, through home equity-backed, asset-backed securities, detracted from performance.


• 08-06-2007: $1.3bn Fidelity Inflation-Protected fund
  Continues to underperform its peers as a result of its 0.5% exposure to derivatives linked to sub-prime loans.


• 08-06-2007: Four Corners Capital
  Australia’s Macquarie Bank said two of its retail bond funds, which apply leverage and invest in senior loans, saw a 25% decline in their value. Four Corners Capital Management, which manages the funds, was forced to sell loans and use the proceeds to reduce its leverage.


• 08-03-2007: Union Investment Asset Management, ABS-Invest Fund
  AG, Germany's third-largest mutual fund manager, halted redemptions from its ABS-Invest Fund after clients pulled 100 million euros ($137 million) in the past month.


• 08-03-2007: Sowood Management
  A hedge fund created with great fanfare by a former executive of Harvard University's $30 billion endowment, has collapsed.


• 08-03-2007: Bear Stearns Asset Management
  2 Funds bankrupt: High-Grade Credit Strategies fund, High-Grade Structured Credit Strategies Enhanced Leverage Fund


• 08-03-2007: Jones' Tudor Investment's $9 billion Raptor Fund
  Dropped 9 percent in July when the prices of U.S. stocks exploded lower in the last two weeks of the month.


• 08-02-2007: Caxton Associates
  Caxton Associates' $3 billion Global Bond Fund dropped just under 3 percent


• 08-02-2007: Taiwan Life
  Taiwan Life's shares tumbled 4.6 percent to NT$58.60 at the 1:30 p.m. market close in Taipei after it disclosed the NT$428 million ($13 million) loss.


• 08-02-2007: Cathay Financial Holding Co. and Shin Kong Financial Holding
  Dropped after they revealed holdings of collateralized debt obligations containing subprime home loans.


• 08-02-2007: Bank of China
  Said it would book an ``insignificant'' loss on U.S. subprime securities, as repercussions ripple outward from a crisis that claimed two Bear Stearns Cos. hedge funds last month.


• 08-01-2007: Basis Capital Fund Management Ltd. and Absolute Capital Group Ltd.
  Both based in Sydney, froze investor accounts this month because of the subprime mortgage slump.


• 08-01-2007: Oddo & Cie
  French stockbroker and money manager, plans to close three funds totaling 1 billion euros ($1.37 billion), citing the ``unprecedented'' crisis in the U.S. asset-backed securities market. Oddo said it will wind down the funds within the ``shortest possible time frame'' because of a plunge in prices for collateralized debt obligations, notes backed by other bonds, loans and their derivatives.


• 07-28-2007: Absolute Capital Group
  Australian hedge fund, suspended withdrawals from two funds after forecasting losses on US mortgages to people with poor credit.

Real Estate Video Collection

2007-11-01: Schiff on CNN

2007-10-31: Schiff vs. Mike Norman

2007-10-30: Schiff vs. Tom Adkins

2007-10-25: Schiff Interview

2007-10-25: Mozilo: Oompa-Loompa

2007-10-15: Central CA Housing Debacle

2007-09-30: 'Maxed Out'

2007-09-27: Cramer, "Don't you dare buy a home now."

2007-09-22: CNBC Power Lunch 9/4/07

2007-09-22: Housing Bubble Set to 'Smack My Bitch Up'

2007-09-22: Peter Schiff September 2007 CNBC

2007-08-26: Subprime Derivatives

2007-08-26: Housing Crash Update

2007-08-13: How Millions Will Lose Their Homes

2007-08-12: VIDEO: Orange County Subprime Street

2007-08-03: Jim Cramer's Meltdown

2007-08-03: Jim Cramer's Meltdown, ala iTulip

2007-08-01: Jim Cramer Chronology
2006: he says there is no problem in real estate
July 12, 2007: subprime and mortgage-backed securities is a poor people's problem
July 28, 2007: everyone should walk away from their home if it drops 20%

2007-05-17: Real Estate Predictions 2007
- Peter Schiff, Tom Adkins, Mike Norman: Peter is the only one that has a brain; Tom and Mike are total FOOLS; listen to Tom and Mike giggle; Tom Adkins of REMAX is an idiot

2007-05-27: Temecula Housing Wall
Housing Bubble in Temecula. 85 signs. one neighborhood. Absolute warzone...just driving through after checking out the new homes for mid to high 300's and then crossed the street to find forclosures and houses for sale in the mid to high 400's.

Blog Content & Complaints

• The Housing Bubble Hall of Shame® (HBHS®) makes no claims regarding the guilt and/or innocence of inductees.
  
• The material contained herein is primarily opinion regarding the foolishness and insanity related to the Housing Bubble.
  
• All material collected herein is readily available and accessible in the public domain.
  
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• If you find material that is false, submit comments and links for verification and the content will be removed, if your claim has merit or if it's not worth the bother.
  
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