The first thing to think about is how many of these student loans were securitized or are subject to claims of securitization and assignments. Based upon anecdotal evidence collected thus far, most of them were securitized. That means that many of the defenses suggested for mortgage foreclosures are equally applicable to student loans. AND it […]

Tags: consumer debt, credit card, essential providers, medical students, mortgage loans, PRINCIPAL REDUCTIONS, student loans, values
Posted in bubble, Corruption, Eviction, securities fraud |

“the banks should not be allowed to be larger than the government’s ability to regulate them” If you ask someone about big government, they will probably tell you they don’t want government meddling in their personal business. What they really mean is that they don’t want ANYONE meddling in their lives. In reality, that opened […]

Tags: AT&T, big government, consumer costs, credit card, debit cards, electronic payments and transfers, financial system, GOOD government, lobbying, private taxes, too big to fail
Posted in bubble, Corruption, Modification, securities fraud |