Taibbi: BRING CRIMINAL CHARGES AGAINST GOLDMAN SACHS
May 17, 2011
SEE ENTIRE ARTICLE IN ROLLING STONE MAGAZINE The People vs. Goldman Sachs A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges Goldman Sachs CEO Lloyd Blankfein tesifies before the Senate in April 2010 Mark Wilson/Getty Images 181 Comments By Matt Taibbi May 11, 2011 9:30 AM ET They weren't murderers or anything; they had…[...]
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GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE BANKS LOOKING TO NY FED FOR PROTECTION EDITOR'S NOTE: Maybe this will wipe that arrogant smirk off their faces. Again the investigations are renewed after it seemed they were giving up. Just as the financial regulatory agencies followed up an SEC settlement with Goldman, they all, including the SEC, started another…[...]
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GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Now they are trying it again, with the help of the NY FED. The characterization of the loan models as "originate and distribute" gives the impression that the loans were underwritten first and then distributed pursuant to a securitization plan. They are again retreating to complexity to cover up a simple…[...]
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GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE We are receiving reports that BAC is sending out letters declaring that they are transferring loans from BAC or Bank of America, the parent company as of July 1, 2011. The question is why? It seems that BOA is starting to realize the title problems inherent in its takeover of Countrywide…[...]
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GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR'S NOTE: One of the first things that happens in any foreclosure case is that someone contacts the borrower saying who they are or who they represent. I contend that those representations should be confronted. It often happens, as Charles points out below, that more than one law firm asserts representation…[...]
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GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR'S NOTE: Now Banks are facing the consequences of their own wrongful actions in originating, servicing and foreclosing on homes. They are carrying property on their balance sheet as "real-estate owed" (REO) when in fact they don't own it, they never financed it and they never bought any receivable coming out…[...]
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GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Bank PlayBook: Whatever it Takes to Foreclose EDITOR'S NOTE: Despite the recent obvious NY Fed attempt to thwart disclosure of the truth about the obligations,, notes, mortgages and mortgage bonds, the lie we have been living on Wall Street is unravelling. It is becoming exquisitely obvious that the investment banks and…[...]
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Who will make them pay? You will. Yesterday, in six cities across Illinois, people stood together and demanded Wall Street banks like JPMorgan Chase pay their fair share to end the revenue crisis, create jobs, and stop illegal foreclosures. In New York City, thousands marched on Wall Street demanding that Millionaires and Big Banks pay their fair share. In North…[...]
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GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR'S NOTE: They are getting desperate, but the question is who is "they?" Does Deutsch know that a suit was brought in its name? Deutsch's actual trust department has nothing to do with these fictitious "Trusts." Now, just as Colonial sued Reagan in Arizona for just asking a question, Deutsch is…[...]
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GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE In re: MARIA RENEE BALDERRAMA, Chapter 7, Debtor. CARLA P. MUSSELMAN, as Chapter 7, Trustee, Plaintiff, v. DEUTSCHE BANK TRUST COMPANY AMERICAS, in trust for Residential Accredit Loans, Inc. Mortgage Asset-Backed Pass-Through Certificates, Series 2007-QH5, Defendant. Case No. 6:10-bk-07828-KSJ, Adv. Pro. No. 6:10-ap-00245-KSJ. United States Bankruptcy Court, M.D. Florida, Orlando Division.…[...]
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