October 11, 2012

Bank Lobbyists Attempting to Get Amnesty Through State Legislation

FROM Nancy Koerber, someone I deeply admire: I won’t mince words:  If we’re going to win this thing, we need everyone to double-down on their efforts. The big banks are targeting state capitals and city mayors… “The bank registered more than 150 lobbyists in 31 state capitals in 2012, according to an Observer review of state …

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Barry Fagan Launches Administrative Counter Attack

Editor’s Comment: Barry Fagan is pulling out the stops and challenging the CA AG to do her job. I am surprised that those who specialize in administrative law have not used the presumed findings of several Federal and State agencies as to a pattern of conduct that is fraudulent and which requires forgery to proffer …

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Wells Fargo Sued For Intentionally Underwriting and Submitting Bad Mortgages on Insurance Claims

Editor’s Comment: “Reckless?” No, it was intentional. And THAT lies at the heart of the media and government perception of this entire securitization scam. The worse the loan, the more money they made. By insuring it for 100 cents on the dollar they received total payback, plus they probably got the honor of foreclosing on …

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Fear of Being Called a Vexatious Litigant.

Editor’s comment: While I agree with the Appellate Court and its findings, reversing the judgment against the borrower for being a vexatious litigant, I strongly disagree with the characterization of the case which probably comes from bad pleading and bad argument in court. That is the danger of going into court without at least getting …

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