Taipan is the pen name used by a retired forex trader and portfolio manager who worked in Asia for over 20 years. The nickname was acquired in Hong Kong and is now used for a number of financial related blogs. One of them is at Taipan Investor
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In a high profile case of yet another homeowner being underwater with a mortgage even TV personality Ed McMahon is in danger of losing his Beverly Hills estate to foreclosure. Good old Ed probably took out too much equity from his almost $5,000,000 home as the value was increasing and now can't service his mortgage payments as prices fall.