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The population in the United States is angry, frustrated and full of fear and irrational hatreds. And the folks not far from you on Wall Street are just doing fine. They're the ones who created the current crisis. They're coming out stronger and...
One of the worst pseudo courts in the US is the system of probate courts. Across the board, in absolutely every state is a so-called court system that operates for profit at the expense of any individual or family unfortunate enough to have any asse
President of Iceland Ólafur Ragnar Grímsson just announced in a press conference that he will not sign the new Icesave legislation but instead send it to a national referendum. He reasoned that the majority of the nation wants to vote on the...
In the sort of thefts that little people engage in, like holding up a store, the person who drives the car is an accessory and can be prosecuted. But white collar crooks can escape if they get their advisors to wink and nod...
It is never pretty when a fraud collapses, and this one in particular is difficult because it seems to encompass those stewards of the market upon whom one generally relies for information and some measure of confidence in the data.
In short, we have a culture of impunity and wealth accumulation for the people at the top, and arbitrary punishment and deprivation for everyone else. That sounds a lot more like a third-world dictatorship than the great and prosperous model of...
I know there are a lot of people who like to poke fun at the $1000.00 toilet seat or $700.00 hammer of old, and I do agree there is a lot of waste and cost overruns that need to stop at the Department of Defense. Absolutely. However, when you l
It is really annoying when people, particularly those in positions of power, can’t even be bothered to take the trouble to lie well.
You were sold convenience and competition in banking, but it was explicitly stated at the time that this would not result in your rights under state law being lost.
Contracts just announced by the Pentagon. It's paying 4 companies as much as $281.7 million each for an "indefinite-delivery/indefinite quantity contract to provide advisory and assistance services" to the U.S. military's Missile Defense Agency.
The impact of this could be substantial. Consider inventory — using CoreLogic;s methodology, unsold inventory in November 2010 was16 months of supply, not the 9.5 months the NAR claimed.
"The indispensable people” had to suffer the hypocrisy of the U.S. Secretary of State delivering a speech about America’s commitment to Internet freedom while the U.S. Department of Justice (sic) brought unconstitutional action against Twitter...
Foreclose in your own name, and come to court with your documents - real ones (if you have them, and I bet in many cases they no longer exist!) or buzz off for the next three months. That ought to have a really interesting impact on the housing...
"You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop, all over Wall Street," says a former congressional aide. "That's all it would take. Just once."
The FDIC insured banks have $5.4 trillion through insured deposits yet have a deposit insurance fund (DIF) that is in the negative to the tune of $8 billion. Is this a Ponzi scheme you ask?
Mr. Madoff pointed to the “willful blindness” of many banks and hedge funds who dealt with his investment advisory business and their failure to examine discrepancies between his regulatory filings and other information available to them. “They ha
This bill will put an absolute stop to any foreclosure where the originator of the note did not transfer it properly and it will render void upon suit by any person who is foreclosed upon and discovers that the note was never properly conveyed.
“MERS and its partners made the decision to create and operate under a business model that was designed in large part to avoid the requirements of the traditional mortgage-recording process. The court does not accept the argument...
And with MERS now found to be a fraud, we expect MERS Commercial authority to be likewise eliminated. Which means that the entire US mortgage market, both residential and commercial, is a lie, and built on fraudulent foundations...
This Court does not accept the argument that because MERS may be involved with 50% of all residential mortgages in the country, that is reason enough for this Court to turn a blind eye to the fact that this process does not comply with the law.
The purported object of Project Merlin was to achieve a new understanding between banks and government after the 2008 crash, the 2008-9 bailouts, and the 2009-2010 bonus rows. A Magna Carta-like settlement of rights and responsibilities...
The FCIC’s press release indicates that the staff met with over 700 witnesses; only “more than 300″ are to be made public, with 213 released initially and the rest added by now, since the FCIC is now officially no more.
So, why do certain groups urge us to sign petitions that they must know will lead absolutely nowhere? The petitioning scam is a very lucrative business.
O’Brien is arguing that Sally Lanaham, an attorney, Gregory Miller, an attorney, and Michael Longyear, an attorney, misrepresented their capacity to the courts. It is O’brien’s contention that these individuals, by way of their removal of Do
This has an interesting twist to it. As Zerohedge pointed out, there is a "blow your own brains out" problem no matter which way the case goes.
This Court does not accept the argument that because MERS may be involved with 50% of all residential mortgages in the country, that is reason enough for this Court to turn a blind eye to the fact that this process does not comply with the law.
”Under this option, any facility could become a focal point for public, media or Congressional attention. Increased levels of security would be needed at all locations, or the activity may need to be moved off-site to a more appropriate and secure
It's been widely reported that 43 million Americans now require help meeting their basic nutritional needs. Less well known is that JPMorgan is the largest servicer of food-stamps in the U.S., offering benefit cards in 26 states.
Until these operational problems are addressed once and for all, the foreclosure crisis will continue and the housing sector will languish.
It is not Whitney’s fault that municipalities from one end of the country to the other have underfunded their pension plans, or that they have made costly promises, mostly but not exclusively to unions, that they are unlikely to be able to keep.
