By Felix Salmon
June 7, 2011

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Foreclosure Fraud Price Tag: $20 Billion — HuffPo

“Don’t expect to make more money for taking risk, just know you have to take risk to make more money” — Falkenblog

Wherein Alex Dalmady (of Allen Stanford fame) manages to get out of Sino-Forest bonds at 72 cents on the dollar — Dalmady

When Gay Talese Met Frank Sinatra’s ‘Hairpiece Lady’ — Atlantic Wire

David Carr on Bill Keller: “I don’t care what he says about Twitter. I think he’s dead wrong.” — Baristanet

Astonishing photos of what $2.7 million will buy you in the London real-estate market — FindaProperty


We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see

Since most 3 bed flats in W1 go for $4m that seems a bargain!

At least they spruced the place up and got some professional photos done.
It’s amazing how far a top notch estate agent will go to earn their $80k commission.

Posted by TinyTim1 | Report as abusive

“Don’t expect to make more money for taking risk, just know you have to take risk to make more money”

Indeed. This is true about a lot of trade-offs; you might have to give up A to get B, but setting A on fire isn’t going to do you any good.

Posted by dWj | Report as abusive

I don’t understand that flat at all. I’d assume in high real estate areas where the value of land is far greater than construction costs that almost all units would have high-end finishes. Wouldn’t it make sense to throw 500k-1m into the place and make it a $3.7 million unit with luxury amenities.

Posted by sditulli | Report as abusive

Hi Felix. You should consider numbering your ‘Counterparties’ posts (see MR’s ‘Assorted Links’). This would make it easier to comment.

Keep up the great work.

Posted by lippytak | Report as abusive