HAPPY INDEPENDENCE DAY! WHY ARE THE BANKS FIGHTING TO GET AS LITTLE AS POSSIBLE FROM EACH “FAILED” LOAN? A drama is playing out in the state of Massachusetts. Bank of America is pretending to be the lender or the authorized servicer or both. But it outsourced the task of dealing with borrowers seeking modification. The […]

Tags: Bank of America, credit default swaps, Department of the Treasury, Federal reserve, HAMP, HARP, insurance, Master Servicer, of deposition, sub servicer, TARP, taxpayers, transcript, Urban Lending Solutions
Posted in Corruption, Eviction |

What’s the Next Step? Consult with Neil Garfield CHECK OUT OUR NOVEMBER SPECIAL For assistance with presenting a case for wrongful foreclosure, please call 520-405-1688, customer service, who will put you in touch with an attorney in the states of Florida, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than you think). Editor’s […]

Tags: 401k, credit default swaps, Deny and Discover, Federal Agencies, Federal bailouts'pension funds, FHA, insurance, IRA, mortgage backed bonds, Ponzi, securitization, taxpayers, underfunded pension funds
Posted in bubble, Corruption, Eviction, securities fraud |

COME TO THE ANAHEIM 1/2 SEMINAR WEDNESDAY MORNING It appears as though LIBOR is being thrown under the bus as a distraction from the much larger mortgage securitization scam. Both cases relied upon trust that was breached, money that was invented, figures that were fabricated, lying, cheating and inside trading to the detriment of the […]

Tags: borrowers, distressed properties, fraud, homeowners, insidekr trading, insider trading, intermediaries, Libor, nominees, securitization scam, taxpayers, VICTIMS, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

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Tags: Accountable, American Banker, Anat Admati, BALANCE SHEETS, Bank of America, banks, Banks are Too Big to Regulate, Bloomberg, Brown-Kaufman amendment, Camden Fine, chief of staff, Citigroup, creditor, DELAWARE, Dodd-Frank, Economix, Fair and Efficient Banking Act, FDIC, Federal Deposit Insurance Corporation., Federal Reserve Bank of Dallas, Federal Reserve Bank of Kansas City, Federal Reserve window, financial lobby, free house, free money, governor of the Bank of England, governor of Utah, insurance payoff, investor-lenders, Jamie Dimon, Jeff Connaughton, Jon Huntsman, JP Morgan, JPM people, Lender Liability, leverage ratio, MEGABANKS, Mervyn King, mortgage bonds, mortgage loan, Myth, non-bank financial institutions, Politico, predatory lending, President of the Independent Community Bankers of America, principal reduction, Professor admati, public policy, regulators, REMIC, risk management, Safe, securitization chain, Senate, Senate banking committee, Senator Bernie Sanders, Senator Brown, Senator Sherrod Brown, Senator Ted Kaufman, Sheila Bair, Simon Johnson, taxpayer bailout, taxpayers, Tom Hoenig, too big to fail, Too Big to Manage, toxic loans, tranches, Treasury Department, Truth in Lending Law, Wall Street lobby, Wells Fargo, Who Wants to Break Up the Big Banks?
Posted in Uncategorized |

see bully-bonus-11-7-billion-jpm If they earned it, what business is it of ours or the government? On the other hand, if they stole it, why are they not in jail? If there is money for bonuses it is because of illusory (fake) profits from an illegal scheme that I would call fraudulent. If that is profit […]

Tags: bonuses, constructive trust, excessive risk, fraud, homeowners, investors, risk, TARP, taxpayers
Posted in bubble, Corruption, Eviction, securities fraud |