More than two-thirds of foreclosures occur in the 27 states where there’s no mandatory court supervision, according to Christopher Dodd, the chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs.
Both parties are vying for a place in the graveyard of politics, and this is how it should be. Life is tragic, nothing lasts forever, and these two hoary old orgs are so far gone in corruption and cupidity that it would be hazardous to not bury...
I can only imgaine that the halls of the Senate were virtually awash in in “funding” from lobbyists as Republicans joined Democrats in the greatest assault on agriculture ever launched by our own government. It seems there is no stopping the nefar
Dateline 17 March 2008. SUBJECT: BANKING CRISIS NOW ONE OF SOLVENCY NOT LIQUIDITY SAYS BANK OF ENGLAND GOVERNOR From The Guardian, one of the Wikileaks cables....
These lawsuits also serve to keep pressure on Iowa attorney general Tom Miller, who is leading the 50 state AG probe. Although Bank of America may turn out to be the worst actor, newspaper reports on HAMP abuses have reported...
A new eye-opening report from Transparency International lends credence to organizations that have been charging many countries with an underlying foundation of corruption. Entities that exist on bribes as motivation inhibit progress, free trade and
Reuters just reported, Arizona has sued the bank as a result of the latter "consistently misleading consumers about its home loan modification process."
Perhaps the most publicized aspect of Codex Alimentarius is the threat it poses to free access to vitamin and mineral supplements. While there are varying opinions on the effects the Codex guidelines would have on dietary supplements, there is little
Rescission is powerful tool to address fraudulent lending practices; it gives the borrower the right (granted by the Truth In Lending Act of 1968) to shove a bad loan back on the lender.
Foreclosure Activity Plunges By Record Amount In November As Fraud Forces Banks To Halt Evictions
Eric Fry has put together the pieces, searched the articles and has done the timeline that show's how the Fed shoveled money into the coffers of Goldman Sachs. Even to help Goldman pay off its TARP debt.
The spontaneous attack on the Royal couple was the first salvo in what promises to be a long war between the people and the ruling classes. "Anyone questioning the intensity of the people's seething anger is either out of touch or in denial,"
In reality, both the runup to the crisis and its aftermath were on of the greatest wealth transfers from the citizenry at large to a comparatively small group of rentiers in the history of man.
These are pure casinos, they are not capital markets, they are not adding to the productive capacity of our economy, they simply are a bunch of robots trading with each other by the millisecond as a result of the Fed giving them zero cost...
Compare-and-contrast the fates of Ireland and Iceland
Let’s imagine the following scenario: You have a Jumbo mortgage with Bank of America. You are a good customer, do your banking with BofA, and you have never missed a payment. In fact, you always send your mortgage in on time.
The massive industrial conglomerate Halliburton has reportedly offered to pay $250 million to settle charges against its former chief executive, ex-Vice President Dick Cheney, in a multi-million dollar bribery case.
“The problem with where America is now is that the country has been built on one lie after another for the past decade and the lies show no signs of slowing down.”
Alabama Republican Spencer Bachus, the incoming chairman of the House banking committee, suggested Congress and federal regulators should play a subservient role with banks.
As Karl Denninger pointed out last week (Ron Paul Is Now Out Of Excuses), "with a subcommittee chair seat, [Ron Paul]'s got a bully pulpit and, assuming the committee chair accedes, subpoena power."
We refuse to face the fact that drug prohibition has failed.
My advice to Weidner is to immediately file a counter-suit for harassment and abuse of legal process before the morons who run Nationwide come to their senses and withdraw their nuisance suit.
Our seventeenth century forebears, it seems, had realised the truth in the old adage that an oral contract was not worth the paper it was written on. The usual courtroom dramas about who had said what had gained an unsavoury edge...
America's aristocracy nearly always gets what it wants
When you hear the wisdom of Paul Craig Roberts you soon realize why he never appears on cable TV.
I suppose the latest efforts taken by the members of the foreclosure industry to silence and neuter critics represent a perverse form of progress. If you go by the Ghandi timeline, “First they ignore you, then they ridicule you, then they fight you,
Newly released records reveal details on how U.S. intelligence officials used and protected some Nazi Gestapo agents after World War II, tracked Holocaust administrator Adolf Eichmann...
One of the big puzzles of the ongoing foreclosure crisis concerns the whereabouts of the "wet ink notes" -- the IOUs signed by borrowers. In foreclosure cases across the nation, the banks have been filing "lost note affidavits"...
There's something particularly delicious when a politician has to start cashing the checks they've been writing with their mouth for more than a decade.
We knew something else was afoot. The vote on S.510 too easy and too pat. The bill, which was sent to the House desk prior to the vote in the Senate, contained section 107, the re-insertion of taxation in the fake food safety bill by the Senate. T