Archive for 'securities fraud' Category
Jan 2, 2010

READ STORY ON MATT WEIDNER BLOG December 29th, 2010 · 3 Comments · Foreclosure This really shouldn’t be a BOMBSHELL and I shouldn’t have to keep abusing my SHIFT key to EMPHASIZE the importance of our courts correctly applying the law in foreclosure cases, but it’s just so darn exciting to see.  The fact of […]

Jan 2, 2010

No governmental relief is in sight for homeowners except in isolated instances of community action together with publicity from the media. State and federal governments continue to sink deeper into debt, cutting social and necessary services while avoiding the elephant in the living room: the trillions of dollars owed and collectible in taxes, recording fees, […]

Jan 1, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S ANALYSIS: There is little doubt that MERS, MERSCORP and its progeny are headed for extinction. The effect of this, in my opinion, is to admit that in 60 million alleged mortgage transactions, title has been either clouded or fatally corrupted. In plain English the […]

Jan 1, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S NOTE: The Wall Street Journal has done an excellent job of putting a human face on the flood of foreclosures in this chronicle of the lives of many people from all walks of life. Let’s hope that 2011 brings reality up front and puts […]

Dec 30, 2009

I have received a number of reports that “outsource providers” are servicing the foreclosers by creating color copies of documents and submitting them as originals. One report is that the “original” was examined at the courthouse and found to be a printout from a very good color printer. It’s a neat trick and one that […]

Dec 30, 2009

Remember that $700 billion in TARP? It was dwarfed by other government programs including one from the Federal Reserve. The Federal Reserve went from a non-existent player in the mortgage backed security market a year ago to owning $904 billion of the mortgage backed securities today. But we don’t seem to be getting or seeing […]

Dec 30, 2009

“I don’t sleep at night, I don’t sleep at all,” he said, rising slowly. “I tell Maria, ‘If we lose the house, I want to stop my dialysis.’ I want to die, honestly.” Editor’s Note: The sad simple truth is that there are few options besides fighting this out in the courts. The simple concept […]

Dec 28, 2009

Editor’s Note: Thanks to Allan again. If there is one person in a relatively high position who has understood the subprime crisis, acquired the information on securitization, named the villains and described their practices separating honest people from their money it is Elizabeth Warren, whose was barely heard over the din of back-slapping during the […]

Dec 27, 2009

It’s time to consider the year 2009 and to plan 2010. At the beginning of this year most homeowners, lawyers, judges and legislators were still blaming the borrowers for their excessive borrowing. Our mission of reaching out to more people has been more successful than we planned. Caught by surprise, we were challenged by excessive […]

Dec 25, 2009

NY Times: “When you buy protection against an event that you have a hand in causing, you are buying fire insurance on someone else’s house and then committing arson.” Mr. Lippmann made his pitch to select hedge fund clients, arguing they should short the mortgage market. He sometimes distributed a T-shirt that read “I’m Short […]