Archives by Tag ' rescission '
Jan 12, 2012

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: Some of you may remember that when Nixon tried to get Richardson to fire the special prosecutor in the Watergate investigation, it was called the Saturday Massacre, as he fired Richardson, then U.S. AG, and replaced him with someone who would […]

Jan 12, 2012

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT See Full Article on ritholz.com By Barry Ritholz Think back to the giant fraud that was Enron. It was enabled — indeed, it was only possible — by the criminal behavior of their “Big Five” accounting firm, Arthur Andersen. This massive fraud perpetrated […]

Jan 12, 2012

MOST POPULAR ARTICLES ONE ON ONE WITH NEIL GARFIELD — CLICK HERE I’m writing this because many questions have come in asking exactly what they can expect from a consultation. Hopefully this post will reach enough people to reduce the number of calls on this subject. First the rules. I do not give legal advice […]

Jan 11, 2012

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Use this form under the heading “Best Practices” — Excellent in every respect. Hats off to Ivan Young of the Young Law Group in Bohemia, New York. I say the Defendants have a collective exposure of several million dollars. If I can find […]

Jan 11, 2012

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S NOTE: Anyone surprised by this news hasn’t been watching the Bank moves for the last 5 years. Of course this process will at least go past the next election cycle. The foreclosures are fraudulent, the loans are defective, the paperwork is a […]

Jan 11, 2012

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S NOTE: Once upon a time banks made their money by accepting deposits, paying interest to customers on their balances and lending out the money at a higher rate than what they paid their customers. Then the new money morality took over and […]

Jan 11, 2012

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: People are voting with their feet. The fact is that Credit Unions and Community Banks provide all the services that the average customer needs at a lower cost than the Mega banks. If this leads to decentralizing the power of the […]

Jan 11, 2012

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT “an overwhelming proportion of the “quick cash” in the global financial system is uninsured and prone to manic-depressive behavior, swinging unpredictably from thoughtless yield-chasing to extreme risk aversion. Much of this flighty cash finds its way into banks through lightly regulated vehicles like […]

Jan 10, 2012

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: Money makes its own morality. Here again the FED and the SEC are planning to slap the wrist of criminals with fines amounting to rounding errors on the scope of theft these people committed. Martha Stewart went to jail and paid […]

Jan 10, 2012

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT In reviewing the title chain going back further than the current homeowner in foreclosure, I discovered some familiar names, like Linda Green, who signed a satisfaction of mortgage on one deal that was “refinanced.” Up until now, we have been focused strictly on […]