While the Fed congratulates itself on what it’s pulled off over these 100 years, “Scandal is spreading across Wall St like a very bad case of poison ivy. It seems as good a time as any to reconsider the paradigm we are holding of money and [...]
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November 6th, 2010 | Tags: banking-crisis, banking-industry, banking-system, BofA, debt, ellen-brown, fed, federal-reserve | Category: News posts |
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Permalink Share The snowball keeps rolling. On Friday (again waiting until the end of the week for the big news), Bank of America halted foreclosures across all 50 states — more lenders no doubt soon to follow their action. The New York Times reports: The plan swept states with some of the highest foreclosure levels, including California, [...] October 9th, 2010 | Tags: DOCX, foreclosure, foreclosure-proof, fraud, LPS | Category: News posts |
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Permalink Share The tide is turning. The shakeup ongoing from recent court cases that have uncovered the extended fraud in the foreclosure industry has given long-battered homeowners newfound power and resolve. On Wednesday, the Home Defenders League launched in California to help homeowners keep their homes and to call on Gov. Schwarzenegger to halt foreclosures in California. Today, [...] October 8th, 2010 | Tags: foreclosure, foreclosure-proof, fraud, home-defenders-league | Category: News posts |
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Permalink Share I’m not the only one seeing that the major disturbances coming to light in the foreclosure world are not mere surface tremors, but indicate a deep faultline that, as it keeps opening, just may cause the entire industry to fall into the sea. Wall Street wants us to move along, nothing to see here. Firms [...] October 5th, 2010 | Tags: ellen-brown, fed, foreclosure, foreclosure-proof, fraud, JPMorgan-Chase, MERS, neil-garfield | Category: News posts |
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Permalink Share Over the weekend, the AP reported that a Wells Fargo executive admitted back in May that he robo-signed up to 150 documents a day, yet that bank is still resisting halting foreclosures. A foreclosure case in Florida involving IndyMac/OneWest Bank was thrown out due to a robo-signer and lack of standing to foreclose. Saturday, [...] October 4th, 2010 | Tags: foreclosure, fraud, OneWest-Bank, robo-signers, Wells-Fargo | Category: News posts |
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Permalink Share Update: BofA waited until the end of the day today to announce it was also halting foreclosures in 23 states. From San Francisco Chronicle: The move adds the nation’s largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases without verifying the information in them. Due to the [...] October 1st, 2010 | Tags: bank-of-america, BofA, foreclosure, foreclosure-proof, fraud, GMAC, JPMorgan-Chase | Category: News posts |
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Permalink Share The foreclosure suit heard round the world … the court battle of one Florida homeowner’s foreclosure is calling into question the integrity of thousands of foreclosure notices issued by JPMorgan Chase. The latest: robo signers: document processors who sign off on 10,000 or more documents a month without actually reading them. The Huffington Post reports: Lawyers [...] October 1st, 2010 | Tags: foreclosure, foreclosure-proof, fraud, JPMorgan-Chase, robo-signers | Category: News posts |
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Permalink Share To follow up my post yesterday, Rep. Alan Grayson (D, FL) posted a video today echoing the major impact of recent MERS [Mortgage Electronic Registration System] court rulings and suits. He explains in detail and with examples the racket that is the foreclosure industry, calling it a “factory of fraud.” The implications of the [...] October 1st, 2010 | Tags: alan-grayson, foreclosure, foreclosure-proof, fraud, MERS, mortgage-electronic-registration-system | Category: News posts |
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Permalink A recent article from attorney and author Ellen Brown details a court ruling that I thought would be all over top-story news immediately. Due to a recent series of court rulings, 62 million homes could be foreclosure-proof. 62 million homeowners could end up with free and clear title. The chain of title has been broken and no one may have standing to sue. If I were one of those homeowners, I’d certainly want to [...] September 30th, 2010 | Tags: bankruptcy, citibank, ellen-brown, foreclosure, foreclosure-proof, MERS, mortgage-electronic-registration-system, title | Category: News posts |
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Permalink In this interview, Bill Moyers talks with William K. Black, author of “The Best Way to Rob a Bank Is to Own One,” and has him explain how the fraud began in the board rooms and CEO offices of the most elite institutions in the US and how our government is complicit in covering it up. A must watch, in my [...] April 15th, 2009 | Tags: aig, banking-crisis, bill-moyers, bill-moyers-journal, cover-up, financial-crisis, fraud, geithner, goldman-sachs, recession, S&L-crisis, the-best-way-to-rob-a-bank-is-to-own-one, william-k-black | Category: News posts |
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