Archive for 'Uncategorized' Category
http://www.standard.net/Business/2016/09/15/The-reason-the-Lehman-moment-still-is-with-us Barry Ritholtz Sept. 15 is the eighth anniversary of the Lehman Brothers bankruptcy. Not enough time has passed yet for me to recall those anxious days without getting angry. Sen. Elizabeth Warren, D-Massachusetts, has used the occasion of this anniversary to suggest the next administration should “investigate and jail” those Wall Street bankers who […]
As I have been writing and talking about the forced judicial sales, my opinion has always been that in most cases there is an absence of evidence that the party making the credit bid was in fact the creditor thus entitled to make a “credit bid” at the auction. The credit bid is an allowance […]
Elizabeth Warren Asks Newly Chatty FBI Director to Explain Why DOJ Didn’t Prosecute Banksters Like a lot of other Americans, Sen. Elizabeth Warren wants to know why the Department of Justice hasn’t criminally prosecuted any of the major players responsible for the 2008 financial crisis. On Thursday, Warren released two highly provocative letters demanding some explanations. […]
Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays Connecticut attorney Stephen Wright and Investigator Bill Paatalo join Neil Garfield to discuss JPMorgan Chase issues. The WaMu/FDIC/Chase pattern where JPMorgan Chase claims sole ownership of specific Washington Mutual Bank loans by virtue of the “Purchase […]
Based on the totality of the circumstances, the Court concludes that CashCall, not Western Sky, was the true lender. CashCall, and not Western Sky, placed its money at risk. It is undisputed that CashCall deposited enough money into a reserve account to fund two days of loans, calculated on the previous month’s daily average and […]
By Rob Blackwell and Ian McKendry September 13, 2016 WASHINGTON — In this political environment, it was always going to be a challenge for bankers to win much-sought structural reforms to the Consumer Financial Protection Bureau. But the revelation that thousands of Wells Fargo employees committed what amounted to bank fraud just put the final nail in […]
The FCCPA has a 2 year statute of limitations which gives one more year of potential actions and it allows for more actions in violation of the statute. It is intended to be a state version of the FDCPA, and explicitly defers to interpretations of the FDCPA. Any lawyer that does not see the potential […]
http://news.morningstar.com/all/market-watch/TDJNMW20160913341/wells-fargo-ceo-says-bad-employees-were-behind-scandal-over-unsolicited-accounts.aspx By Emily Glazer CEO John Stumpf says: ‘ There was no incentive to do bad things’ John Stumpf, chief executive of Wells Fargo & Co., began to speak publicly Tuesday for the first time since the bank was slapped with a $185 million fine last week over its sales practices, defending the firm and […]
By the Lending Lies Team It is now obvious that the major banks have gone rogue. The latest Wall Street scandal shows that 5,800 Wells Fargo employees engaged in identity theft by knowingly setting up ghost accounts not only to bolster their sales commissions but to improve Wells Fargo’s bottom line. Where is the outrage? […]
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