jones v hsbc 09-2904rwt Maryland Reginald Jones is the lead Class Action Plaintiff in a Maryland case alleging robo-signed documents. The well-written complaint was filed by Jon D. Pels, Esq. Bar No. 11883 Lawrence J. Anderson, Esq. Bar No. 11390 Justin Reiner, Esquire Bar NO. 16403 Jennifer O. Schiffer, Esquire 4833 Rugby Avenue, 4th Floor Bethesda, MD 20814 (301) 986-5570…[...]

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Tags: class action, Jennifer O. Schiffer, Jon D. Pels, Justin Reiner, Lawrence ANderson, Maryland
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: Of course they are fuzzy. If you had just paid trillions of dollars on the say so of Hank Paulson, former Sec'y of treasury only to find out you paid for nothing, what would you do? If your answer is that you'd be honest about it you wouldn't be, couldn't be in government. Fuzzy Numbers Behind Treasury’s AIG…[...]

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Tags: AIG
Posted in bubble, Corruption, Eviction, securities fraud |

"The securitization of debt was in reality a distribution of cash unsupported by any rightful claim to it." EDITOR'S NOTE: Another unthinkable "counter-intuitive" part of the process of disintegration on Wall Street. AMBAC, whose business was insuring those alleged mortgage bonds that turned out to have nothing in them, is going broke. Like its competitor, AIG, it paid out billions…[...]

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Tags: AMbac, Assured Guaranty, BOND INSURER, Wilbur Ross
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Comment: Kwak takes on the entire "immoral borrower" myth quickly and easily here. The worst you can say about the borrower is the best you can say about the banker who got us into this mess. www.baselinescenario.com Want more? Read 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. Written by James Kwak June 7, 2010 at 9:11…[...]

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Tags: Baseline Scenario, Kwak
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary "For years these problems have been the focus of research reports, Congressional testimony and court cases. Regulators, however, looked the other way, which is how we got into the mortgage mess." "Take, for example, underwater borrowers — the millions of Americans who owe more on their loans than their homes…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

EDITOR'S NOTE: It is obvious now that virtually all debt collection practices are based on illegal and/or improper assumptions without proof, due diligence or even service of process for defaults. Robo-signing, a new term coined in the mortgage crisis has been used for decades in the collection of virtually all other debt. Hundreds of thousands of people have judgments against…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

BY CHERYL I love Elizabeth Warren, but we don’t need modifications, we need justice and restitution! Here are the reasons we all need to start suing the lenders and all their cronies. They are bold, coldhearted criminals, that make Al Capone look like purse snatcher. We need to focus on the crimes committed because even President Obama believes that this…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

"officials were so worried that they might be accused of helping the undeserving that they ended up helping almost nobody." - Paul Krugman "The irony is that in their determination to punish the undeserving, voters are punishing themselves: by rejecting fiscal stimulus and debt relief, they’re perpetuating high unemployment. They are, in effect, cutting off their own jobs to spite…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

The multi-trillion dollar bailout of 2008-2009 was supposed to be for all the crazy, stupid foolish losses the banks incurred as a result of the $13 trillion dollar mortgage mess they multiplied into tens of trillions of dollars through "synthetic" CDOs and other exotic instruments. I have just one question. How could they still have the prospect of the same…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

“They Will Suffer The Consequences” Says South Carolina Chief Justice Of ‘Corner-Cutting’ Foreclosing Lenders Involved In Robosigner Scandal In South Carolina, The State reports:Across courts in South Carolina, judges say they are halting more foreclosures — as many as one in four —because lawyers for banks have incomplete documents or missing paperwork. They also are starting to see the challenges…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |