Archives by Tag ' DAVID DAYEN '
https://shadowproof.com/2010/07/26/hamp-is-hurting-liberalism/ by David Dayen/Shadowproof.com I wanted to circle back to this point I made on our foreclosure panel that I really do think expresses both the frustration and the danger I and some other commentators are feeling about the situation. Simply put, HAMP is hurting liberalism. It’s putting a face of bureaucratic incompetence on a […]
Low-wage workers posed as bank presidents and signed bogus documents that kicked people out of their homes. Illustration by Dola Sun Flashback to May 2016. Inside the Abortive FBI Investigation of Illegal Foreclosure in Florida David Dayen May 31 2016, 4:30am The massive probe threatened to implicate the biggest banks in America, but sent just […]
By David Dayen May 2, 2017 http://www.thefiscaltimes.com/Columns/2017/05/02/How-Congress-Could-Make-Steve-Bannon-s-Wildest-Dream-Come-True Beyond the competing sets of spin about the success or failure of Donald Trump’s first hundred days, even the most committed liberal partisan can admit that he has allowed corporate America to run wild. A regulatory freeze on day one delayed every final rule awaiting its effective date. […]
The lawsuit against Ocwen is welcome, but should have happened four years ago. By David Dayen In December 2013, the Consumer Financial Protection Bureau and 49 states issued a $2.1 billion consent order against Ocwen, one of America’s largest mortgage companies, for “violating consumer financial laws at every stage of the mortgage servicing process.” Three […]
http://inthesetimes.com/article/20044/the-fight-for-public-banking A Bank Even a Socialist Could Love The fight for public banking is gaining ground in cities and states across the country. BY David Dayen “We have Tea Partiers and Occupiers in the same room liking public banking. What does that tell you?” “Money is a utility that belongs to all of us,” says […]
By David Dayen at Vice A married couple resorted to self-harm after being physically and psychologically terrorized by Bank of America over their house—until a judge fined the bank $46 million. https://www.vice.com/en_us/article/how-a-cruel-foreclosure-drove-a-couple-to-the-brink-of-death “Franz Kafka lives… he works at Bank of America.” Judge Christopher Klein’s words kick off an incredible ruling in a federal bankruptcy court […]
https://www.vice.com/en_us/article/how-a-cruel-foreclosure-drove-a-couple-to-the-brink-of-death A married couple resorted to self-harm after being physically and psychologically terrorized by Bank of America over their house—until a judge fined the bank $46 million. “Franz Kafka lives… he works at Bank of America.” Judge Christopher Klein’s words kick off an incredible ruling in a federal bankruptcy court in California last week, condemning […]
By David Dayen https://theintercept.com/staff/davidd/ Treasury secretary nominee Steven Mnuchin lied in his written responses to the Senate Finance Committee, claiming that “OneWest Bank did not ‘robo-sign’ documents,” when ample evidence proves that they did. Mnuchin ran OneWest Bank from 2009 to 2015 in a manner so ruthless to mortgage holders that he has been dubbed […]
Treasury Pick Steve Mnuchin Denies It, But Victims Describe His Bank as a Foreclosure Machine Treasury Secretary nominee Steve Mnuchin kicked off his confirmation hearing Thursday with a defiant opening statement, mostly defending his record as CEO of OneWest Bank. He cast himself as a tireless savior for homeowners after scooping up failed lender IndyMac. […]
‘They Are Both Profiteers’: Meet The Two Most Repellent Reptiles to Slither into Trump’s Swamp Steven Mnuchin and Wilbur Ross will bleed the country dry. By Amy Goodman / Democracy Now! December 2, 2016 Photo Credit: Screengrab/Democracy Now! We look at two of Donald Trump’s Cabinet picks: Steven Mnuchin for treasury secretary and Wilbur Ross […]
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