“The American people have a right for full and complete disclosure about their investment in A.I.G.,” Mr. Barofsky said, “and the U.S. government has an obligation, when they’re describing potential losses, to give complete information.” “If a private company filed information with the government that was just as misleading and disingenuous as what Treasury has done here, you’d better believe…[...]

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Editor's Comment: The obvious enmeshment between government and Wall Street caused by the bailout and other "deals" that were supposedly necessary to maintain our finance structure and avoid 15% unemployment leads to moral hazard in the thinking of the leaders who are in office to protect us. Like the NY Times editorial said this morning, even if it could be…[...]

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Editor's Note: This is no mere technicality. If the service is bad, so is the rest of the proceeding, unless service is waived. From Ann, and Courtesy of Matt Weidner DEFECTIVE SUMMON SERVICE PROCESS – FORECLOSURE LAWSUIT , SALES CAN BE VOID ————————————————————————- http://www.mattweidnerlaw.com/blog Defendants are Not Getting Notice / Due Process in Foreclosure Cases Our entire justice system is…[...]

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Neil I am going to continue my fight with Quiet Title.  After talking with a lawyer, it seems I should probably do two things: seek a prelim title insurance declination as Dave discusses, but also two, send the QWR letters to everyone asking to inspect the wet ink note.  Not asking for opinion here, just as an FYI. However, I…[...]

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Karl Denninger…Weekend Roundup: Foreclosuregate Status EDITOR'S NOTE: This probably applies to private student loans too. The government guarantee is a nullity if the participating member bank did not actually make the loan. Hence the student loan is dischargeable in bankruptcy or already paid in full. Think about it. Posted on October 23, 2010 by Foreclosureblues Posted 2010-10-23 22:02 by Karl Denninger…[...]

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Talcott Franklin P.C. Issue Investors are the ostensible owners of securitization trusts, but these trusts are not always administered in a manner that is in the investors’ interests.  In many cases, this is a result of conflicts of interest by the trust administrators.  For example, in some cases: ¬Servicers and trustees have failed to pursue repurchase claims against mortgage originators…[...]

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Did you know that the Wall Street money pumped into David Stern's Law Office resulted in a public company that is actively traded? Well, it is. And it isn't doing too well lately. Stern’s DJSP announces 300 layoffs South Florida Business Journal – by Paul Brinkmann Date: Monday, October 25, 2010, 10:45am EDT Fallout from the national foreclosure crisis continues…[...]

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Thoughts from the Frontline Weekly Newsletter The Subprime Debacle: Act 2, Part 2 by John Mauldin October 23, 2010 In this issue: The Subprime Debacle: Act 2, Part 2 They Knew What They Were Selling Warning to Mr. Robert Rubin and Management Popping Through It's Time for Some Putback Payback The Worst Deal of the Decade? And Now to the…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Foreclosure Mills Get Rich With Fraudulent Foreclosures EDITOR'S NOTE: In my opinion, for the reasons stated below, the policy of rejecting short-sales and proceeding with foreclosures creates a greater loss for the bank's earnings statement, a decrease in the actual capital structure, and therefore constitutes shareholder fraud and stock manipulation.…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Bailout Companies Give Generously to Candidates: Expecting a New Bailout? Editor's Comment: Oops. I thought they said they had reviewed hundreds of thousands of foreclosures in about 6 minutes and discovered that everything was in order. I thought they said the procedure was wrong (perjury and fraud on the court)…[...]

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