Challenge everything, assume nothing. The chances are that through this shadow banking system, your loan was paid in whole or in part through third party insurers, counterparties, federal bailout etc. Without an accounting from the CREDITOR, there is no basis for claiming a default. What the other side is doing is centering in on the […]

Tags: accounting, creditor, DEBTOR, discovery, enforcement of obligation, Lehman, motino practice, Obligation, unsecured obligationunsecured note
Posted in Corruption, Eviction, securities fraud |

“relief from the sale order is warranted by law whether there was an innocent mistake or deliberate concealment.” Editor’s Note: When you watch these events unfold, you might begin to realize that the windfall is not to the homeowner who gets the foreclosure thrown out of court, it already happened for the financial players who […]

Tags: bankruptcy, Barclays, BLOOMBERG NEWS, Bryan Marsal, disclosure, foreclosure defense, foreclosure offense, Gaffey, HERS, Jones Day, Judge James Peck, Lehman, United States District Court in New York, windfall
Posted in Corruption, Eviction, expert witness, securities fraud, Servicer |

The five biggest U.S. commercial banks in the derivatives market — JPMorgan, Goldman Sachs, Bank of America Corp., Citigroup and Wells Fargo & Co. — account for 97 percent of the notional value of derivatives held in the banking industry [$605 trillion], according to the Office of the Comptroller of the Currency. Goldman Sachs Demands […]

Tags: AIG, Alexander Samuelson, Bank of America, BEAR STEARNS, Blankfein, Bloomberg, Brad Hintz, Brian Marchiony, Chistine Harper, Citigroup, collateral arbitrage, Craig Stein, Darrell Duffie, David Viniar, derivatives, Financial Crisis Inquiry Commission, Goldman Sachs, International Swaps and Derivatives Association, ISDA, Jamie Dimon, JPMorgan, Kevin McPartland, Lehman, Michael DuVally, Michael J. Moore, Morgan Stanley, New York Fed report, Paul Hastings Janofsky & Walker, Richard Lindsey, Robert Claasen, Schulte Roth and Zabel LLP, Stanford University, Tabb Group, Wells Fargo
Posted in bubble, Corruption, securities fraud |

This is pretty aggressive and pretty abusive. I don’t know how under GAAP this follows the rules whatsoever,” he said, referring to Generally Accepted Accounting Principles.“That reeks of an auditor who, rather than being really truly independent, is beholden to management,” he said, adding that the S.E.C. and the Justice Department should follow up on […]

Tags: Barclays, Ernst and Young, forensic analysis, forensic auditor training, forensic report, forensic review, gaap, Goldman Sachs, K&L Gates, Lehman, Linklaters, Lynn E. Turner, Michael Missal, New Century Financial Corp, Patricia Hynes, repo, Richard S. Fuld Jr, S.E.C., Valukas, workshop
Posted in bubble, Corruption, Eviction, Modification, securities fraud, Servicer |

Editor’s Note: 180787_86_opinion Lehman My reading of this report is that the underlying principle of the ADDITION of conditions and co-obligors changed the homeowner’s note from being negotiable to non-negotiable. This decision doesn’t say that but the underlying reasoning leads me to believe that we are on the precipice of a paradigm shift in the way […]

Tags: bankruptcy, CDO, constructive trust, counterparty, credit default swaps, Dante, derivative, Diana Golobay, Judge James Peck, Lehman, Lehman Brothers Holding, Lehman Brothers Special Financing, negotiable instrument, Obligation, securitization, subordination
Posted in bubble, Corruption, Eviction, securities fraud |

Looking for the Lenders’ Little Helpers By GRETCHEN MORGENSON Published: July 11, 2009 IT is hard not to be dismayed by the fact that two years into our economic crisis so few perpetrators of financial misdeeds have been held accountable for their actions. That so many failed mortgage lenders do not appear to face any […]

Tags: borrower, disclosure, First Alliance, foreclosure defense, foreclosure offense, fraud, Lehman, Lender Liability, predatory lending, rescission, RESPA, RICO, securitization, trustee, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

GRETCHEN MORGENSON of the New York Times Keeps Getting It Better and Better. In Today’s article she demonstrates tenacity, insight and combines it with her excellent writing skills. Send her some fan mail. What follows is one of my annotations on one of the many books, treatises and articles that I am constantly reading on […]

Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, JP Morgan, Lehman, Lender Liability, lost note, mortgage meltdown, predatory lending, rescission, securitization, trustee
Posted in bubble, Eviction |

lehman-web-of-originators-servicers-and-depository-institutions Dear Neil; Good News, Pro Bono:  I have been contacted by a local law firm that is contemplating within the next several weeks to motion the Lehman Bankruptcy Courts to Appoint a Borrowers Committee for all borrowers who are otherwise unrepresentative in the Lehman Bankruptcy!  This is very good news! The law firm will […]

Tags: bankruptcy, Lehman, sale of assets, Tim Cotten
Posted in Eviction |

In both cases — housing prices and CDO/CMO prices, there was no intervening factor that caused the decline. No meteor hit the earth, no world war broke out, no material event occurred to account for these changes. It is therefore impossible to come to any conclusion except that the fair market values of the houses […]

Tags: Federal reserve, junk, Lehman, Ponzi, Wall Street Journal, WSJ Freedom
Posted in bubble, Corruption, securities fraud |