Somehow we think the distinguished Irish gentleman will not make it on CNBC: in under two minutes he explains everything there is to know about modern kleptocratic ponzinomics.
It really doesn't get more damning than this..... "Fraud As a Business Model", the slides from her presentation delivered today to the Federal Housing Finance Agency's Supervision Summit.
CDOs and CDOs squared were just "fraud to cover-up fraud," according to Janet Tavakoli of Tavakoli Structured Finance.
This lawsuit out of Texas alleging that Bank of America not only tried to collect on a Paid In Full mortgage but refused to listen to the fact that it had been paid in full and in fact threatened that the owners were "going to lose their home.
The attorney for an impeached federal judge on trial before the Senate argued Tuesday that Congress is pursuing unconstitutional charges against his client and would be breaking with two centuries of precedent by removing him from office.
According to “The Great American Tax Dodge”, the IRS is far more apt to go after middle-income non-filers and does not fully investigate affluent non-filers. The IRS uses the lame excuse that the rich may under-state the taxes owed and that the IRS w
When you thought you’d seen every possible stuff-up in mortgage land, a new one comes to light.
A judge ruled Monday there is enough evidence to launch a formal disciplinary case against former Maricopa County Attorney Andrew Thomas for allegedly basing a lawsuit and criminal investigations of county officials on his animosity toward them. A
The latest quarterly reports from the big Wall Street banks revealed a startling fact: None of the big four banks had a single day in the quarter in which they lost money trading.
Wells is coming in trying to foreclose on the property, claiming that the debtor (homeowner) isn't paying and thus can be evicted. A totally normal thing, right? Well, it would be, except that Wells is unable to prove it owns the note.
Now look at the mess we have here. How, pray tell, are the plaintiffs going to prove how the note traveled from originator to its purported current owner in the absence of having the note endorsed with a full and unbroken chain of assignments?
Now it comes out that perhaps Pennsylvania processed thousands of foreclosures where the person who signed and prosecuted the foreclosures may not have been an attorney!
But even more important, the lack of attorney involvement would render the foreclosures void. Pennsylvania courts have found “proceedings commenced by persons unauthorized to practice law are a nullity”.
Globalists with food freedom lipstick, you are throwing your food fascism party a bit too soon. It seems there is a little problem with the constitutionality of the Senate's passing of S.510.
It was more than enough to blow them to Mars - and that was one transaction.
Nassim Taleb tries to explain ethics and economics to the clueless cheerleaders on CNBC.
Deutsch kept asserting that the failure of the parties to the securitization to adhere to their own contracts was not in fact a problem, there was no court evidence, these concerns were the mere natterings of worry-wart academics.
Increasingly, consumer lawyers are recognizing that they can often successfully challenge foreclosures in which the loan was securitized by examining whether the party trying to foreclose really has the standing to do so, which is legal-speak for...
Virtually the entire residential mortgage securitization system in America is hinging on fraud, as few if any of the recent structured finance packages actually were in possession of the necessary mortgage promissory notes...
Representative Charles B. Rangel, his gaze steady and his hands clasped before him, stood silently in the well of the House of Representatives on Thursday as Speaker Nancy Pelosi somberly read a resolution censuring him for bringing discredit to the
"At the depths of the worst foreclosure crisis since the Great Depression, we are surprised that the Fed has proposed rules that would eviscerate the primary protection homeowners currently have to escape abusive loans and avoid foreclosure
This is simultaneously laughable and damaging. The argument basically boils down to: “Gee, the fact that no one bothered to observe the contracts means they never intended to. So we’ll just pretend those provisions don’t count.”
Mike Huckabee, the redneck baptist preacher who was governor of Arkansas and, to America’s already overwhelming shame, was third runner up to the Republican presidential nomination, has called for Assange’s execution
This is an earth shaking setback, not only for B of A, but for all banks involved in mortgage-backed securities. The Promissory Note is the actual proof the bank owns the home. No “note” means no proof of ownership.
The Fraud Of The Century: “It may mean investors who think they bought mortgage- backed securities bought securities that aren’t backed by anything,” said Kurt Eggert, a professor at Chapman University School of Law in Orange, California.
Nearly $200,000 is missing from a fire union's political fund, leading to an investigation by the Pinal County Attorney's Office. ...the audit uncovered about $133,000 in checks written to John Holland, a Glendale fire captain and the chapter's presi
Phoenix police are investigating allegations of embezzlement tied to a campaign account of former City Councilman Greg Stanton. Stanton, now deputy state attorney general, said he reported more than $75,000 missing from the account to police
Two Apple MacBooks and more than $27,000 worth of concert tickets to the Fillmore were stolen out of a burgundy 2010 Cadillac Escalade registered to the 14th Congressional District driven by John Conyers' 20-year-old son.
I find it appalling that with 22 million Americans out of work, 48 million families on food stamps, the Federal Reserve poised to collapse the dollar, no one willing to buy any more of our treasuries due to our massive and unrepayable debt load, that
"I came to America because the opportunity was here. That opportunity is slowly sliding away for others. The government is squeezing everyone. I'm getting squeezed with new tax enforcement and new regulations. America is decaying from within.