One day before the 9/11 attacks, US Secretary of Defense Donald Rumsfeld made the above astonishing admission. Besides being reported months later in the CBS report given below, the quote is still posted at http://www.defenselink.mil/speeches/2001/s2
Solyndra filed for bankruptcy last week, shocking both workers and the Obama administration, which had given the startup $535 million in low interest loans. Congress has demanded a hearing into the matter. There are no reports of any arrests at t
At a minimum, this ruling makes foreclosures in Florida more costly. It may create insurmountable hurdles in many cases.
Norway's Government Pension Fund, which is another name for its Sovereign Wealth Fund, has just announced it is suing Bank of America for mortgage fraud. Not only that but it is also going after Countrywide, obviously...
A scandal that threatened to bring down the Australian government eased Thursday when police announced they would not charge a lawmaker accused of misusing an official credit card to pay prostitutes.
William K. Black: "It's a great myth that you can't defraud sophisticated financial parties." Particularly when loans are fraudulent and material information was not disclosed.
According to five people with direct knowledge of the discussions, state prosecutors have proposed settlement language in the “robosigning” case that also might release the companies from legal liability for wrongful securitization practices.
On Friday, the Federal Housing Finance Agency filed suit against 17 banks and over 130 executives for their involvement in selling mortgage securities to Fannie Mae and Freddie Mac that later soured.
As hard as it may seem to believe, the largest mortgage servicers are still fabricating documents for use in foreclosures.
In other words, banks take risks, get paid for the upside, and then transfer the downside to shareholders, taxpayers, and even retirees. In order to rescue the banking system...
"The government was not prepared to go into Afghanistan in 2001 or Iraq in 2003 using large numbers of contractors, and is still unable to provide effective management and oversight of contract spending," said commission co-chairman Michael Thibault.
The Green PolkaDot Box, selling products with ties to Monsanto, JP Morgan Chase, Halliburton, Phillip Morris, Goldman Sachs, and a host of other ne'er do wells is supported by Natural News, OCA, and Institute for Responsible Technology.
Counties across the United States are discovering that illegal or questionable mortgage paperwork is far more widespread than thought, tainting the deeds of tens of thousands of homes dating to the late 1990s.
Put it another way: what about the Statute of Frauds don’t you understand? And while some judges have sided with banks, the robosigning scandal and greater media coverage of mortgage abuses has led many jurists to be much less bank...
Commandos armed with assault rifles raided the offices of the British oil company BP on Wednesday, in one of the ritual armed searches of white-collar premises that are common enough here to have a nickname: masky shows
Countrywide did not disclose to investors that it failed to properly transfer the mortgages to the securitization trust from which they were sold…..This means that investors would not have an enforceable or secured interest in the mortgages.
He operated with a completely free hand, unconstrained by any limitations—Constitutional, legal, moral—free to carry out the most egregious violations of everything that the United States stands for...
Video: Ernest Hancock and Barry Hess speak in Quartzsite, AZ at the OathKeepers.org Event
So where is the accountability for those institutions? Oh, it's missing - indeed Christine calls for more theft from you through public balance sheets to prop these jackasses up!
Lagarde as a supporter of a one world Europe: Europe needs a common vision for its future. The current economic turmoil has exposed some serious flaws in the architecture of the eurozone, flaws that threaten...
This is an interview you won't find on American TV.
Two Arizona state legislators are among those set to attend a demonstration march and rally organized for this Saturday, August 27th in Quartzsite.
Now, let's get this straight. Is banning short selling equivalent to telling outright lies? No it's not. But it IS equivalent to not telling the truth. And that is, whatever you may think about this, a strange thing to be confirmed in official policy
[S]tealing is pretty much the worst thing that a bank can do — and these banks just finished the longest and most orgiastic campaign of stealing in the history of money.
This time, there will be no bailouts because there can't be. There's no money. Good luck with your belief in the candy-crapping Unicorn America. He's not going to appear.
Let the thieves and liars continue to pollute the markets and screw everyone. Volatility is as high as it is precisely because people are tired of getting buttraped and after a few instances of it they simply say "screw this", take their money...
For those who believe that Republicans: Corporate Kleptocrats and Democrats: Supporters of The People, you had damn well better wake the hell up.
Did you get it? They said that these procedures were standard between the two companies, which was to “..to memorialize the transfer of ownership lender to the securitization trust” right before initiating foreclosure.
Iowa Attorney General Tom Miller said in a statement yesterday that Schneiderman's office had "actively worked to undermine" the effort.