It is time to bring back true general revenue sharing — temporarily — to stimulate the economy. Hundreds of articles in political science and public policy journals have studied past efforts, and analyzed the concept of fiscal federalism, without establishing general revenue sharing as a fundamental pillar of Keynesian stabilization policies. This lapse is understandable: most of these articles were…[...]

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Tags: government, jobs, Ny Times, Revenue Sharing, ROBERT J. SHILLER
Posted in bubble, Corruption |

In my June 3, 2008 decision and order in this matter, I granted leave to plaintiff, THE BANK OF NEW YORK, AS TRUSTEE FOR THE CERTIFICATEHOLDERS CWALT, INC. ALTERNATIVE LOAN TRUST 2006-OC1 MORTGAGE PASS-THROUGH CERTIFICATES, [*2]SERIES 2006-OC1 (BNY), to renew its application for an order of reference within forty-five (45) days, until July 18, 2008, if it complied with three…[...]

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Tags: bank of new york, BONY, CWALT, Denise Mulligan, MERS, shack
Posted in bubble, Corruption, Eviction, evidence, expert witness, Modification, Motions, Pleading, securities fraud, Servicer |

“I’m more worried than I have ever been about the future of the U.S. economy,” said Allen Sinai, co-founder of the consulting firm Decision Economics and a longtime participant in the symposium. “The challenge is unique: poor and diminishing growth, a sticky unemployment rate, sky-high deficits and a sovereign debt that makes us one of the most fiscally irresponsible countries…[...]

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Tags: FINANCIAL MARKETS, Ny Times, recovery, SEWELL CHAN
Posted in bubble, Corruption, Modification |

Editor's Comment: Only one Bank has failed in Louisiana since the financial crisis began. And only one bank in the United States has commenced operations in the year 2010 -- this one in Louisiana. Despite an unofficial moratorium on new bank charters of 70-year-old retiree, Hartie Spence, managed to navigate the regulations and got the only new start-up bank to…[...]

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Tags: ANDREW MARTIN, FDIC, Harties Spence, Lakeside Bank, Louisiana, moratorium, Ny Times, St. Chales
Posted in Uncategorized |

Editor's Comment: Without inventing anything, an increasing number of Judges are coming to the same conclusion. If they apply the rules and deny the pretender lender the benefit of presumptions to which they were not entitled in the first place, the case can be heard on the merits. They don't need to decide who is right or who is wrong.…[...]

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Tags: affidavit, evidence, Florida, judges, motion for summary judgment, Rules
Posted in Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

Foreclosure Crisis New strategy attacks validity of affidavits August 26, 2010 hen it comes to fighting foreclosures, homeowners and their lawyers may have found a new strategy to score courtroom victories. Defense lawyers across the state are increasingly attacking the validity of affidavits that owners of notes must file with the courts as part of the foreclosure process. Attorneys like…[...]

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Tags: affidavits, DUSTIN ZACKS, evidence, Florida, ICE LEGAL, Paola Iuspa-Abbott
Posted in Corruption, Eviction, evidence, expert witness, foreclosure mill, Motions, Pleading, securities fraud, Servicer |

Damnedest thing I ever saw. BAC-Stewart - Plaintiff_s Memorandum in Opposition to Defendants_ Motion to Vacate (8_13_10) With the left hand in the right pocket and the left foot in the left pocket and the right foot in the back pocket. Read the whole thing through and give me comments.[...]

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Posted in Uncategorized |

Submitted by Jose Semidey CASE IN POINT: FORECLOSURE MILLS, JUDICIAL FRAUD, CONSUMER EXPLOITATION, GOVERNMENT SHAMS (an abstract) Unscrupulous foreclosure mill activities are more criminally exploitive than what becomes reported –not only in Florida. Appalling collection abuses have resulted in mill lawyers (or their affiliates) obtaining ownership of fraudulently foreclosed properties via purported bids at “simulated” auctions. Certain fraudulently auctioned properties…[...]

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Posted in Uncategorized |

EDITOR'S NOTE: It's always slower than we want. But the Bench is starting to groan at the absurd "settlements" being reached that are actually a vehicle for immunizing the major players from liabilities that vastly exceed the settlements. In most cases, class actions, government actions and other major agency complaints at state and federal levels are being settled for a…[...]

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Posted in Uncategorized |

THIS SERVICE IS AVAILABLE TO ANY PAID SUBSCRIBER OR MEMBER: SEE $9.95 PER MONTH DONATION/SUBSCRIPTION LLB SEE LL SUBSCRIPTION MEMBERSHIP $49.95 PER MONTH REQUEST FOR LEGAL SERVICE IN CALIFORNIA: We have a customer who has gone through the title search, securitization search and who has filled out the GTC Registration form on the right hand side of the Blog. Reference…[...]

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Posted in Uncategorized |