Why are our courts routinely accepting allegations and documents from foreclosing banks that they would summarily throw out if the same allegations and documents came from borrowers?  How can possession of an ALLONGE construed as ownership of the debt without any other evidence being presented? Why is the standard definition of “Allonge” ignored? IF THE […]

Tags: allonge, assignment, banking, credit bids, creditor, debt, endorsement, equal treatemnt for borrowers vs. institutions, finance, foreclosure, money, Mortgage, note
Posted in Corruption, Eviction, foreclosure mill, securities fraud |

see also Guest Post: Why The Government Is Desperately Trying To Inflate A New Housing Bubble http://www.zerohedge.com/news/2013-03-25/guest-post-why-government-desperately-trying-inflate-new-housing-bubble The problem with the theory that criminal prosecution of the banks could have a negative effect on the world economies is that the banks have already had their effect on the world economy. Along with their own well-deserved […]

Tags: bank prosecutions, banking, Bond Ratings, business, Confifdence, Cyprus, Eric Holder, finance, TBTF
Posted in bubble, Corruption, Eviction, securities fraud |

You’ll probably never get to this point in litigation but if you do, you’ll be glad you read this. Obviously there is a lot of talk about where all the money went. Right off the top the banks took some 20%+ off of the money that investors gave them to invest in mortgages. That is […]

Tags: bonds, business, DJIA, DOW, economics, equity markets, finance, George Soros, stocks, Wall Street profits
Posted in bubble, Corruption, Eviction, securities fraud |

“What policy makers are starting to realize is that the absence of prosecutions and regulatory action against these banks has produced a profound loss of confidence not only in the financial markets but in the leader of the financial markets (the United States) to control itself and its own participants in finance. It’s not just […]

Tags: Bank of America, business, Chase, Citi, economics, finance, principal, principal correction, principal deduction, restitution, Simon Johnson, too big to fail, Wells
Posted in bubble, Corruption, Eviction, securities fraud |

“TARP was supposed to cover losses from defaulting loans. But then it was switched to make direct capital infusions into the mega banks. Why the switch? Because everyone realized very early on that the banks had no losses from defaulting loans. It was the investors who made the loans and would take those losses. But […]

Tags: business, control by banks, economy, finance, fraud, Master Servicer, OCC reviews, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

The Future of Securitization By ETHAN PENNER July 10, 2008; Page A15 The deconstruction of the financial services industry this past year has been something to behold. Unfortunately, the responses have been shortsighted, the equivalent of putting a band-aid on a gunshot wound. The blunt fact is that we’re in the midst of a major […]

Tags: currency, economy, finance, Mortgage
Posted in Uncategorized |

Today we have a bill pending that stops the meltdown. It is a courageous and creative step that protects all parties. It requires YOUR input, so pass this along to as many other people as you can. This is much more than a step in the right direction. It would be nice to see support […]

Tags: borrowers, congress, finance, House financial Services Committee, lenders
Posted in bubble, Corruption, Eviction, securities fraud |