This is more than a technical issue; at risk is whether we, as a nation, are going to allow corporate entities to violate existing law, or even worse, attempt to create their own, extra-legal, non democratic policies.
Massachusetts’s highest court is poised to rule on whether foreclosures in the state should be undone because securitization-industry practices violate real- estate law governing how mortgages may be transferred.
The banks and their servicers have done wrong, harm and injustices upon the American people, with this “settlement” it sends a strong message to financial institutions that they are now in fact, untouchable.
What happened to a 'speedy trial'? Maybe it's because John is INNOCENT, and refuses to 'cop a plea'!
So the standard is that if you're a bank, you can break the law. Any law - and it's not criminal. At worst it's a civil matter. Maybe.
The kicker is that the deal also covers potential future claims on $127 billion in loans sold by Countrywide through 2008. That amounts to 1 cent on the dollar to Freddie Mac.
Servicers‘ compensation structures encourage them to stretch out defaults, but not too long. In other words, servicers want to keep borrowers in a default ―sweatbox to collect late fees and other junk fees,
In other words what many have claimed is the biggest fraud in MBS history is about to be swept under the rug in exchange for 30 pieces of silver wrtistslaps.
One of the frustrating issues in trying to rein in fraud is the way that essential accessories, namely, accounting firms and law firms, are close to beyond the reach of the law.
It is likely that most or even all foreclosures occurring in the US are illegal seizures of property -- home thefts. We are talking about 100,000 completed home thefts per month, with another 250,000...
NYT-thing: Russian mega-theft bad; US equivalent marvelous
The U.S. Government Accountability Office says it can’t render an opinion on the federal government’s financials “because of widespread material internal control weaknesses, significant uncertainties, and other limitations.”
Codex Alimentarius is a heinous concept Europe now faces and America and the rest of the world soon will after it was slipped into the recently-passed American “Food Safety” bill that (also) allowed the FDA to become the world’s food policeman.
It is still “the economy, stupid” as voiced by Bill Clinton in a one-phrase presidential platform focal stab. James Carville, his illustrious campaign manager, helped Clinton win against George H. W. Bush in 1992 on three points that have continued
The most remarkable feature of the story is how very unremarkable it is — that a giant corporation would bribe a government is in a very real way the definition of politics.
How, may you ask, can a woman who has been dead since 1995 sign documents more than a decade later?
If I sell you something and you "pay" me with counterfeit currency the sale is void as you never gave actual consideration. Not only did you commit a felony passing the bad currency but as a matter of basic...
The assembly line perjury the banks have committed are harder to hide in mass foreclosure venues. Which is what makes this touching Christmas Eve story all the more peculiar:
One large part of the problem is that the United States is not demanding accountability for outgoing funds from U.S. companies which have little incentive to fully disclose where the U.S. money is going.
The Wall Street Journal reports 98 shaky TARP recipients are on the verge of failure as bad loans pile up
The complaint filed in the case contains a range of accusations about the actions of Leonard Briskman, the leader of the marshals unit. It says that assets were sold without public notice or competitive bidding, and that Mr. Briskman assessed the val
Finding reasons to put people in prisons has become big business in the US. Beginning in the 1980’s, prisons began privatizing for profit, making that profit off the forced labor of prisoners who saw not one dime in return for their labor. John Ash
Monsanto, Vilsack, and the USDA GMO juggernaut.
The Bloomberg administration official responsible for overseeing a huge, troubled payroll and timekeeping project for New York City employees that is the focus of an $80 million federal corruption case said on Thursday that he was resigning.
Is Brian Moynihan worried about something (perhaps related to Wikileaks) or is Bank of America just practicing some prudent defensive brand management. According to Domain Name Wire, the bank recently registered BrianMoynihanBlows.com, BrianMoynihan
The Fed, along with the more bank-friendly Office of the Comptroller of the Currency, is resisting moves to craft rules cracking down on banks that charge illegal fees and carry out improper foreclosures.
The lack of willingness of the local police to deem destroying property and unauthorized entry as criminal acts leaves wronged parties with litigation as their only recourse. And some are filing suits.
The last two weeks have seen some of the most unethical, deceptive, manipulative and outright traitorous actions by both the House and the Senate. With “Dirty Harry” Reid (D) NV leading the traitors charge, every rule was broken, every trick was use
As a result of Senator Harry Reids back-alley tactics, both the Food Safety Bill and the Omnibus Public land and water bills are headed for passage by the entire Congress. The Food Safety Bill was passed by unanimous consent as a substitute for an a
As feared by everyone, the U.S. Senate and Harry Reid are bringing those the CLEAR Act, fears to fruition and are set to destroy America’s future by taking all the private property they can with one bill, unless we act this week! It used to be called