The IASB and FASB have been working on accounting rules for the “losses” at the banks. Someone is either in for a surprise or somehow the banks will escape the rules. One thing is certain, that the accounting firms that provide the auditing services and certification of the statements of the mega banks are in […]

Tags: accounting rules, bank balance sheets, FASB, IASB, mortgage backed securities, mortgage bonds
Posted in bubble, Corruption, Eviction, securities fraud |

Click Now to Consult with Neil Garfield DENY AND DISCOVER AND MAKE THE COURT FOLLOW THE RULES I had a question from a reader recently that got me to thinking about the rules of civil procedure for which I received the book award when I was in law school. I’m not boasting, I’m apologizing for […]

Tags: evidence, judge's discretion, judicial bias, motions, notice of hearing, questions from the judge
Posted in bubble, Corruption, Eviction, securities fraud |

FOR REPRESENTATION IN OHIO CALL OUR CUSTOMER SERVICE NUMBER 520-405-1688. Click Now to Consult with Neil Garfield In a well-reasoned and well-written opinion, the Supreme Court of the State of Ohio analyzed the questions of standing and real party in interest — two doctrines that are all too often used interchangeably. They lead to different […]

Tags: financial injury, jurisdiction, Ohio Supreme Court, REAL PARTY IN INTEREST, Schwartzwald, standing, summary judgment
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Comment: Following up with the offensive strategy and the concept of attacking every weak point in the pretender lender’s strategies, Fagan went after Wells Fargo on the seemingly innocuous motion for the Judge to take Judicial notice of several documents. Besides the obvious fact that Judicial notice is narrowly construed to allow the FACT […]

Tags: FAGAN, judicial notice, rules of evidence, STOPA
Posted in bubble, Corruption, Eviction, securities fraud |

The biggest problem I encounter when speaking with people who are up to date on their payments is why should the others get a break when they are still paying. My answer of course is that they probably shouldn’t be paying because their debt was probably paid long ago through multiple sales of the same […]

Tags: economy, home equity
Posted in bubble, Corruption, Eviction, securities fraud |

Hat tip to Darrell Neilander and Charles Cox for bringing this one to my attention. Editor’s Comment: In a twisted display of circular reasoning and reverse logic, the 9th Circuit has issued an opinion that attacks the precise foundation of the Truth in Lending Act. Go to any seminar on TILA and the first thing […]

Tags: administrative convenience, assignee, bailee, consumer, correspondence, covenant, district court, entities, fail to respond, failure to respond, fair dealing, foreclosure, good faith, Mortgage, nominal, obligor, sentence
Posted in bubble, Corruption, Eviction, securities fraud |

I don’t think it make a lot of difference as to who becomes President in terms of economic recovery. Romney is a pragmatist and Obama likes to proceed incrementally. The fact is that when Romney and his cronies decided that reducing labor cost was a great idea, they created jobs overseas, and reduced median income […]

Posted in bubble, Corruption, Eviction, securities fraud |

CHECK OUT OUR NOVEMBER SPECIAL GET A CONSULT WITH NEIL GARFIELD Disclaimer: This came into my hands some time ago but I just got around to reading it. While my conclusions are virtually identical to those of the author neither one of us used the material or methods of the other. Editor’s Comment: In an […]

Tags: Producers Management Trust, Robert Marshall
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Comment: Once upon a imte Social Security was the third rail of politics. Nobodoy wanted to touch it during campaigns. Now the subject is foreclosures, the mortgage mess, title corruption, disruption of the real estate market, the economy and our financial system through an illegal PONZI scheme. Nobody wants to talk about except perhaps […]

Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Note: like the post before this one, it is astonishing how these settlements fall so far short of the actual damage that was created by the banks by their intentional illicit and criminal behavior. This one “relates to conduct at Greenwich Capital, the R.B.S. unit that bundled mortgages into securities and sold them to […]

Tags: BOA, countrywide, Option One, RBS, Royal Bank of Scotland
Posted in bubble, Corruption, Eviction, securities fraud |