Blog Feed: finanancial reality revisited

Home Prices Rise in Half of U.S. Cities as Markets Stabilize - Bloomberg

Published on 2012-05-16 01:40:00

Home Prices Rise in Half of U.S. Cities as Markets Stabilize - Bloomberg > read more

Jamie Dimon Misrepresented “London Whale” Risks, Admits to $2+ Billion Loss Plus Risk Management Black Eye

Published on 2012-05-11 10:26:55

Jamie Dimon Misrepresented “London Whale” Risks, Admits to $2+ Billion Loss Plus Risk Management Black Eye Jamie Dimon Misrepresented “London Whale” Risks, Admits to $2+ Billion Loss Plus Risk Management Black Eye As readers likely know by now, Jamie Dimon hastily arranged an after hours conference call today, in which he admitted to $2 billion in losses in the last six weeks from a trade by the “London Whale”, Bruno Michel Iksil in the bank’s Chief Investment Office, [..] > read more

Chase bank faking it?

Published on 2012-05-09 14:35:52

May 7, 2012 Here is great story from foreclosure defense nationwide regarding chase bank, link to story is below article. The nonsense and outright lies perpetrated by the banks just keeps getting more and more unbelieveable. This latest example is laughable out loud. Numerous homeowners around the United States have been sending us correspondence from Chase Home Finance (which merged into JPMorgan Chase some time ago) and attorneys representing Chase stating that “Chase is commi [..] > read more

Lack of Trust – Caused by Institutional Corruption – Is Killing the Economy - Washington's Blog

Published on 2012-05-07 02:44:30

Lack of Trust – Caused by Institutional Corruption – Is Killing the Economy - Washington's Blog Chris LaHaie Realtor List with Chris Prudential Americana Group, Las Vegas, NV > read more

DSNews - Default Servicing In Print and Online

Published on 2012-04-27 12:30:30

DSNews - Default Servicing In Print and Online > read more

BofA Makes Changes to Trim Short Sale Timeline

Published on 2012-04-27 11:27:09

BofA Makes Changes to Trim Short Sale Timeline > read more

The Home Equity Theft Reporter Cases & Articles

Published on 2012-04-24 09:37:42

The Home Equity Theft Reporter Cases & Articles > read more

abusive and illegal standard operating procedures

Published on 2012-04-11 03:18:49

abusive and illegal standard operating procedures Update: When reading about how “our” government sold us the servicing standards as the big prize in the deal (along with the $25 billion that isn’t) even as they agreed the standards wouldn’t be meaningfully implemented or enforced, remember that the Consumer Financial Protection Bureau will be rulemaking on servicing during the settlement’s duration, with its rules set to take effect in 2013 and 2014, well before the 2015 expiratio [..] > read more

FORECLOSURES UP IN LIGHT OF SETTLEMENT OF ATTORNEY GENERAL LAWSUITS

Published on 2012-04-11 03:16:15

FORECLOSURES UP IN LIGHT OF SETTLEMENT OF ATTORNEY GENERAL LAWSUITS Visit Income Property Las Vegas at http://www.incomepropertylasvegas.com > read more

More Proof of Obama Mortgage Settlement Lies: Woefully Underresourced Investigation Not Fully Staffed Yet

Published on 2012-04-11 02:24:04

More Proof of Obama Mortgage Settlement Lies: Woefully Underresourced Investigation Not Fully Staffed Yet > read more

It's on: The Fed vs. gas prices - 2 - Bernanke & inflation - MSN Money

Published on 2012-03-29 03:00:03

It's on: The Fed vs. gas prices - 2 - Bernanke & inflation - MSN Money Here is an interesting snippet from MSN Money. > read more

Income Property Las Vegas: Avoiding the pitfalls that come with older rental ...

Published on 2012-03-27 18:37:31

Income Property Las Vegas: Avoiding the pitfalls that come with older rental ...: Here is a good article that I first published on the Shelter Realty Blog.  It may give people a few things to consider when they are in the ... > read more

Chain of Title issues may be your leverage to get a new loan and stay in your home

Published on 2012-03-26 05:12:09

> read more

Banks all in on buying back real estate that they foreclosed on earlier, Matt taibbii

Published on 2012-03-19 22:25:38

> read more

More Financial Reality.

Published on 2012-03-19 21:53:50

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Matt Taibbi takes on too big to fail Bank of America: Too Crooked to Fail

Published on 2012-03-19 19:21:01

Bank of America: Too Crooked to Fail | Digg Politics > read more

Income Property Las Vegas: Bank of America: Too Crooked to Fail | Digg Politics

Published on 2012-03-17 16:58:24

Income Property Las Vegas: Bank of America: Too Crooked to Fail | Digg Politics > read more

Capital Economics Expects Housing Crisis to End in 2012

Published on 2012-03-13 16:05:29

Capital Economics Expects Housing Crisis to End in 2012 > read more

GAO: Almost Half of Bailed Banks Repaid the Government With Money “From Other Federal Programs” « naked capitalism

Published on 2012-03-08 19:47:08

Story today on Naked Capitalism The Government Accountability Office continues its subtle war on the talking point used by Treasury that “TARP made money”. Here’s the GAO, with a report out today. As of January 31, 2012, 341 institutions had exited CPP, almost half by repaying CPP with funds from other federal programs. Institutions continue to exit CPP, but the number of institutions missing scheduled dividend or interest payments has increased.Much of the government-supplied TARP fu [..] > read more

NORTH CAROLINA ATTORNEY GENERAL POST CONFIRMS LIMITATIONS ON BANK SETTLEMENT WITH ATTORNEYS GENERAL | Foreclosure Defense Nationwide - Mortgage Foreclosure Help - Free Advice

Published on 2012-03-07 10:37:45

NORTH CAROLINA ATTORNEY GENERAL POST CONFIRMS LIMITATIONS ON BANK SETTLEMENT WITH ATTORNEYS GENERAL | Foreclosure Defense Nationwide - Mortgage Foreclosure Help - Free Advice > read more

Servicer misconduct and housing crisis

Published on 2012-03-07 10:34:40

Editor’s Note: It seems that we can’t go three months without hearing about yet another species of misconduct by mortgage servicers that shifts losses onto the lienholders they are supposed to protect. We’ve read reports about force-placed insurance, inflated appraisal and maintenance fees, robosigning and other foreclosure irregularities, interference with loan mods and short sales due to second lien holdings, and, most recently, reports of the ongoing collection of fees by servicers [..] > read more

Michael Olenick: Shocking Economic Insight – Mass Foreclosures Will Drive Down Home Prices

Published on 2012-02-21 00:33:06

By Michael Olenick, creator of FindtheFraud, a crowd sourced foreclosure document review system (still in alpha). You can follow him on Twitter at @michael_olenick or read his blog, Seeing Through Data “A lie told often enough becomes the truth.” – Vladimir Lenin, adopted and reused by Joseph Goebbels Every doctor knows the fastest way to stabilize a patient is to kill them, because there is nothing more stable than death. While that solution may be fast and inexpensive it’s also s [..] > read more

“Crooks on the Loose? Did Felons Get a Free Pass in the Financial Crisis? “ « naked capitalism

Published on 2012-02-21 00:02:03

Not much is being done to prosecute criminal activity related to housing industry. I saw this on Naked Capitalism. I have to confess I have yet to do more than sample this video, but I intend to watch it in full as soon as I have a breather. This is a video of a panel discussion at NYU Law School earlier this month at which former prosecutors Neil Barofsky and Eliot Spitzer took on party-line-defending Lanny Breuer of the Department of Justice, and to a lesser degree, Mary Jo White, [..] > read more

Jesse's Café Américain: Chris Whalen: JPM and the Banks Have the MF Global Money And the Status Quo Is Protecting Them

Published on 2012-02-16 02:31:05

Jesse's Café Américain: Chris Whalen: JPM and the Banks Have the MF Global Money And the Status Quo Is Protecting Them > read more

Published on 2012-02-16 02:17:23

The more we continue to see information like that from the article on San Francisco Assessor's office the more we are seeing the fraudulent behavior being swept under the rug. I think the chain of title problems are so serious that politicians are afraid to actually investigate because they might uncover something far worse than is being discussed. The chain of title issues could be enormous……if and only if the current laws are followed. However, it seems that there is more likely a [..] > read more

Quelle Surprise! San Francisco Assessor Finds Pervasive Fraud in Foreclosure Exam (and Paul Jackson Defends His Meal Tickets Yet Again) « naked capitalism

Published on 2012-02-16 01:56:36

It is clear that there has been widespread abuse of mortgage recording procedures that are being ignored by everyone because no one is willing to stand up for the homeowners or to stand against the banks. It is tragic that the administration and the politicians of this country are unwilling to do the right thing. They are all turning their backs on the people every time a large dollar figure gets waved in front of their eyes as has been done with the bogus settlement with the banks and states [..] > read more

U.S. Stocks Fall on Greece as Apple Erases Rally - Bloomberg

Published on 2012-02-15 18:01:44

It is hard to say what is going on in the economy with the housing mess, the European mess and the stock market looking to break out but not sure if it has the strength. The proxy to the economy, in transportation averages fell today 2% and all of this after a strong close yesterday. U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a second day, as concern grew that Greece was moving closer to default and the Federal Reserve said policy makers were divided on buying mor [..] > read more

New York Creates New Foreclosure Courts to Clear Backlog Yves Smith

Published on 2012-02-15 17:50:54

More information on how quickly the courts are moving forward to take advantage of the so called settlement between mortgage lenders and Attorney's General. Clearly we are seeing an attempt by the administration to brush all criminal behavior by banks under the rug. A special court that will take advantage of the banks access to capital and documentation to work against the home owners who will have far less resources and capital to work with to fight the fraud and abuse. The speeding of the [..] > read more

CNBC’s Diana Olick’s Wrongheaded Analysis of the Foreclosure Fraud Settlement

Published on 2012-02-15 05:07:42

CNBC’s Diana Olick’s Wrongheaded Analysis of the Foreclosure Fraud Settlement > read more

Multifamily Buildings to Lead U.S. Construction Gains: Economy - Bloomberg

Published on 2012-02-15 04:55:47

Multifamily Buildings to Lead U.S. Construction Gains: Economy - Bloomberg Construction of multifamily units will lead the U.S. building industry again this year, allowing housing to contribute to growth for the first time in seven years, according to economists Michelle Meyer and Celia Chen. Work will begin on about 260,000 apartment buildings and townhouse developments in 2012, up 45 percent from last year and the most since 2008, according to Meyer, a senior economist at Bank of America Cor [..] > read more

Foreclosure Defense Nationwide - Mortgage Foreclosure Help - Free Advice

Published on 2012-02-15 03:09:28

Apparently the settlement that has not actually been finalized is a big win for the banks and a no win for homeowners. This article from Foreclosure Defense Nationwide gives a few of the details as to how the home owners are actually getting shafted again. The money that will be available is already being ear marked to help fill the holes in state budgets rather than be used to help and protect homeowners. It is unbelievable what the banks have pulled off again and how they have gotten away w [..] > read more

"Fraud Digest" Put an end to MERS, but damage already done

Published on 2012-02-13 14:12:48

Great article from "Fraud Digest" giving reasons why there should be an end to the scam called MERS that has been ripping off counties and states for several years. Now they have infected the real estate market in ways that may never be repaired in the next 25 years or more. It has only complicated the fraud and scam the banks have gotten away with that has vaporized years and years of hard work, years and years of precedent and years and years of law. What has changed in the world of mor [..] > read more

Mortgage Settlement as Attorney General Sellout: Deal is Not Done, and Final Version Guaranteed to be Worse Than Advertised

Published on 2012-02-13 14:04:21

Mortgage Settlement as Attorney General Sellout: Deal is Not Done, and Final Version Guaranteed to be Worse Than Advertised > read more

Washington Mutual/ Chase Bank attempting more acts of fraud

Published on 2011-07-05 17:10:21

Here is an excellent article from Foreclosure Defense NationWide that gets to the heart of the issue regarding certain that are evidence of bank fraud. This article specifically deals with the Washington Mutual/Chase take over. Chase is a > read more

Free market capitalism is fantasy

Published on 2011-07-05 16:56:57

Naked CapitalismI was reading this article at Naked Capitalism and checking out some of the comments and read a few that had me thinking we were a long way from ever having a free market or fair market system. Everyone seems to think a free m > read more

Bank of America in $8.5B mortgage settlement - Mortgage Crisis - Salon.com

Published on 2011-06-30 02:23:00

Bank of America in $8.5B mortgage settlement - Mortgage Crisis - Salon.com Make big money in penny stocks today > read more

Why did Bank of America escape prosecution? - Mortgage Crisis - Salon.com

Published on 2011-06-30 02:21:40

Why did Bank of America escape prosecution? - Mortgage Crisis - Salon.com Make big money in penny stocks today > read more

Bank of America Likely to Settle Case with NY Fed, Pimco, Blackrock for $8.5 Billion « naked capitalism

Published on 2011-06-29 02:43:00

Bank of America Likely to Settle Case with NY Fed, Pimco, Blackrock for $8.5 Billion « naked capitalism Make big money in penny stocks today > read more

Foreclosure Backlog Gives Homeowners a Reprieve - NYTimes.com

Published on 2011-06-19 14:33:12

Foreclosure Backlog Gives Homeowners a Reprieve - NYTimes.com Make big money in penny stocks today > read more

BofA ‘Significantly Hindered’ Foreclosure Review, U.S. Says - Bloomberg

Published on 2011-06-14 12:41:35

Here is more information the previous post relating to Bank of America and there cooperation with the investigation and the "foreclosure review" BofA ‘Significantly Hindered’ Foreclosure Review, U.S. Says - Bloomberg The bank was slow in pro > read more

HUD: Bank of America “Significantly Hindered” Mortgage Probe (Updated) « naked capitalism

Published on 2011-06-14 12:09:57

HUD: Bank of America “Significantly Hindered” Mortgage Probe (Updated) « naked capitalism Make big money in penny stocks today > read more

Down Market more news of manipulation

Published on 2011-06-12 21:31:21

Evidently the media can no longer deny the reality of our economy. They have milked the so called recovery for as long as possible. Now that the market is not being manipulated to the upside by large corporations any longer, the media has > read more

FDIC Sues LPS and CoreLogic Over Appraisal Fraud; Shows Investors Leaving Money on the Table | The Subprime Shakeout

Published on 2011-06-11 04:02:43

Buy A Flip Pal Scanner Today It is Shocking that after years of collusion between banks and appraisers, there has been little discussion as to what role the appraisers played in creating the doom for real estate. I have found it hard to believe that > read more

Critical Mers Decision in Michigan

Published on 2011-06-10 12:02:51

Another monster decision in Michigan effecting MERS and the transfer of mortgages into Trusts. It has been discussed that the banks were failing to abide by the Pooling Service Agreements for transferring loans into trusts for securitization.&n > read more

Quelle Surprise! Banks are Concerned About Mortgage Slowdown « naked capitalism

Published on 2011-06-07 12:54:28

It is no surprise that mortgage bankers are whining again about the low numbers of new originations. For some reason they think that a glut of buyers will be coming out of the wood work to save the banking industry from explaining their part in > read more

Is Las Vegas the new Detroit? - 1 - underwater homeowners - MSN Money

Published on 2011-06-07 11:59:06

Is Las Vegas the new Detroit? - 1 - underwater homeowners - MSN Money Make big money in penny stocks today > read more

Weiner comes clean or something to that effect

Published on 2011-06-06 22:17:13

Anthony Weiner Comes Clean After squirming through countless interviews trying to deny without lying, Weiner not only admits the photo in question was sent my him, but also that he has had several relationships through the Internet with other women > read more

Larry Platt, Prominent Securitization Lawyer, Made False Statements About BofA Mortgage Transfers « naked capitalism

Published on 2011-06-05 18:00:31

Here is a follow up article regarding story in Fortune regarding the cover up by the big banks and some of there representatives who have recently been caught in several different lies. From Yves Smith at Naked Capitalism (yves is the authori > read more

Fortune Confirms Pervasive Defects in Bank of America Mortgage Documents « naked capitalism#comment-404611#comment-404611#comment-404611

Published on 2011-06-04 11:03:03

This story as found on Naked Capitalism is a must read for anyone who has interest is seeing just how big the mortgage securitization and foreclosure crisis has grown. It appears that the banks and the courts, along with their lawyers, have been in o > read more

10 Year Real Wage Gains Lower Than During Depression « naked capitalism

Published on 2011-06-03 12:53:02

The reality of wage gains in the US is dismal. Regardless of how great the stock market has recovered or that we have "maintained 9%" unemployment, the government working hand and hand with corporate American and their lobbyists, have turned th > read more

Quelle Surprise! Consumer Confidence Falls on Oil Prices, Housing, Job Outlook « naked capitalism

Published on 2011-05-31 14:06:20

Quelle Surprise! Consumer Confidence Falls on Oil Prices, Housing, Job Outlook « naked capitalism Big Surprise today as consumer confidence falls along with housing prices. But wait haven't we heard all the economist, commentators, anyone in the gov > read more

Case-Shiller Index Expected to Show New Low in House Prices - NYTimes.com

Published on 2011-05-31 04:12:19

Case-Shiller Index Expected to Show New Low in House Prices - NY Times.com Nearly halfway through 2011 and Case-Shiller index is expected to show new lows in housing prices and the bottom looks to be a ways off as of yet. This is an interesting > read more

Housing recovery still not happening

Published on 2011-05-28 11:55:56

Funny how long it has been since the talking heads on Bloomberg and MSNBC, CNBC have been touting that the housing bottom had already happened. A 12% drop in sales this spring according to data from NAR (national association of realtors) would > read more

Mark Provost: Why the Rich Love Unemployment « naked capitalism

Published on 2011-05-25 10:51:44

Mark Provost: Why the Rich Love Unemployment « naked capitalism As readers may know, we’ve been engaged in a long-running argument with a persistent Administration defender on the subject of Dodd Frank resolution, which is the one of the big argu > read more

Former LPS Employees Allege 30% to 78% Error Rate in Borrower Mortgage Records, Contradicting Banker/Regulator Cover-Up « naked capitalism

Published on 2011-05-20 22:40:31

Former LPS Employees Allege 30% to 78% Error Rate in Borrower Mortgage Records, Contradicting Banker/Regulator Cover-Up « naked capitalism The document goes through a detailed account of firm’s use of robosigners, surrogate signers (aka forgers) > read more

Washington's Blog

Published on 2011-05-20 02:30:48

Washington's Blog Questioning twin towers building 7 collapse. > read more

Registrars of Deeds as Unexpected Foot Soldiers Fighting Mortgage Abuses? « naked capitalism

Published on 2011-05-20 00:05:05

Registrars of Deeds as Unexpected Foot Soldiers Fighting Mortgage Abuses? « naked capitalism http://www.buyscanner.net > read more

Registrars of Deeds as Unexpected Foot Soldiers Fighting Mortgage Abuses? « naked capitalism

Published on 2011-05-20 00:05:04

Registrars of Deeds as Unexpected Foot Soldiers Fighting Mortgage Abuses? « naked capitalism http://www.buyscanner.net > read more

HUD Audits Show Five Biggest Servicers Defrauded Taxpayers « naked capitalism

Published on 2011-05-17 02:45:03

HUD Audits Show Five Biggest Servicers Defrauded Taxpayers « naked capitalism From Shahien Nasiripour at Huffington Post: A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their h > read more

US Trustee Estimates Servicing “Errors” at 10x Level Claimed by Banks (and Parroted by Federal Regulators) « naked capitalism

Published on 2011-05-15 13:19:49

US Trustee Estimates Servicing “Errors” at 10x Level Claimed by Banks (and Parroted by Federal Regulators) « naked capitalism Massive cover up still underway US Trustee throws a wrench in the works by revealing more realistic numbers related t > read more

The New York Fed Working to Bend Real Estate Law to Suit Needs of Banks « naked capitalism

Published on 2011-05-15 03:02:11

The New York Fed seems to be trying figure out how to let the banks off the hook for their transgressions. The New York Fed Working to Bend Real Estate Law to Suit Needs of Banks « naked capitalism So the real reason that industry is havin > read more

Capitalists Who Make vs. Capitalists Who Take | Dylan Ratigan

Published on 2011-05-14 17:43:43

This is a seriously good discussion on productivity and GDP and how it relates to the financial and unemployment crisis in the country. It reveals how inaccurate gdp is and how it fails to account for real cost to society during a recession. Read t > read more

Banks and government continue to play Americans for fools

Published on 2011-05-08 11:18:59

Yes some people do exhaust their savings and retirement trying to stay in their home and trying to meet obligations. Many of those people did so early on in the recession believing the lies told about the crisis being "contained" in sub prime or lies > read more

A New Zombie Lumbers On: The Mortgage Settlement Negotiations « naked capitalism

Published on 2011-05-08 10:58:19

A New Zombie Lumbers On: The Mortgage Settlement Negotiations « naked capitalism From what we can tell (and others who have tried to get a grip on this question have come to similar conclusions) sudden defaulters have hit a financial wall (job lo > read more

Marshall Auerback: Obama Needs to Get Serious About Jobs « naked capitalism

Published on 2011-05-08 10:41:35

How did FDR put people back to work ? An accoplishment that has yet to be matched as we see unemployment rates tick back up. Marshall Auerback: Obama Needs to Get Serious About Jobs « naked capitalism Make big money in penny stocks today > read more

Washington's Blog

Published on 2011-05-07 02:05:36

Washington's Blog Check out Washington's Blog. He tells us about the ceos getting paid better this year than in 2007. > read more

Arizona Representative Drops Chain of Title Notification Provision After Apparent Bribe by Servicer « naked capitalism

Published on 2011-04-30 22:44:23

More unbelievable BS from the banks and the politicians. Funny how the AZ rep gets a loan mod that is a 56% principal reduction after two previous failed requests for loan modification. The coincidence is that the Az Rep was set to initia > read more

The Booger Rule of Antitrust in the Debit Card Fight « naked capitalism

Published on 2011-04-29 22:57:26

Although we were big fans of the HuffPo piece yesterday on the DC war over debit card regulation, Adam Levitin was a bit less happy since the article focused on the politics and was thin on why the card fees were burdensome to merchants. Althoug > read more

How the Failure to Manage Foreclosed Homes Kills « naked capitalism

Published on 2011-04-29 22:51:21

How the Failure to Manage Foreclosed Homes Kills « naked capitalism > read more

How the Failure to Manage Foreclosed Homes Kills « naked capitalism

Published on 2011-04-29 22:51:21

How the Failure to Manage Foreclosed Homes Kills « naked capitalism > read more

S&P Negative Watch for US Flagged Financial Sector as Major Risk « naked capitalism

Published on 2011-04-20 13:44:21

S&P Negative Watch for US Flagged Financial Sector as Major Risk « naked capitalism Click Here! > read more

County Recorder tells truth about MERS

Published on 2011-04-17 03:55:16

More Shots Across MERS’s Bow « naked capitalism From the Times Herald and from Naked Capitalism Montgomery County Recorder of Deeds Nancy Becker is urging registers of deeds across state and the country to withdraw public money from any ban > read more

naked capitalism

Published on 2011-04-17 03:47:13

from naked capitalism Admittedly, this act of rebellion against MERS, the electronic mortgage registry by a Pennsylvania county is comparatively minor, but nevertheless illustrates the efforts various local bodies are taking to assert their authorit > read more

Guest Post: Too Much Finance? « naked capitalism

Published on 2011-04-16 00:00:55

Guest Post: Too Much Finance? « naked capitalism > read more

Guest Post: Too Much Finance? « naked capitalism

Published on 2011-04-16 00:00:55

Guest Post: Too Much Finance? « naked capitalism > read more

Satyajit Das: Economic Uppers & Downers « naked capitalism

Published on 2011-04-13 22:51:35

Satyajit Das: Economic Uppers & Downers « naked capitalism Make big money in penny stocks today > read more

Our Polarized and Money-Driven Congress: Created Over 25 Years By Republicans (and Quickly Imitated by Democrats) « naked capitalism

Published on 2011-04-13 14:52:05

Our Polarized and Money-Driven Congress: Created Over 25 Years By Republicans (and Quickly Imitated by Democrats) « naked capitalism Make big money in penny stocks today > read more

Louisiana Bankruptcy Court Ruling Confirms Claims Made Against Lender Processing Services in Class Action Filings « naked capitalism

Published on 2011-04-13 14:51:12

Read the Full Story At Naked Capitalism Louisiana Bankruptcy Court Ruling Confirms Claims Made Against Lender Processing Services in Class Action Filings « naked capitalism > read more

Faulty Reasoning Behind Calomiris Post Dodd Frank Reform Proposals « naked capitalism

Published on 2011-04-09 04:59:37

Faulty Reasoning Behind Calomiris Post Dodd Frank Reform Proposals « naked capitalism Make big money in penny stocks today > read more

It’s Now Official: No More Joint Federal/State Attorney Mortgage Settlement Effort « naked capitalism#comment-369688#comment-369688#comment-369688

Published on 2011-04-09 04:46:36

It’s Now Official: No More Joint Federal/State Attorney Mortgage Settlement Effort « naked capitalism#comment-369688#comment-369688#comment-369688 Make big money in penny stocks today > read more

It’s Now Official: No More Joint Federal/State Attorney Mortgage Settlement Effort « naked capitalism#comment-369688#comment-369688#comment-369688

Published on 2011-04-09 04:45:56

It’s Now Official: No More Joint Federal/State Attorney Mortgage Settlement Effort « naked capitalism Not likely to see the dreaded 50 state settlement with the banksters. Of course a 5o state settlement would have been a propaganda campaign to ma > read more

Stiglitz Tells Us the Redistribution Fairy is Dead, but She Still Lives in Economists’ Fantasies « naked capitalism

Published on 2011-04-05 23:30:07

Stiglitz Tells Us the Redistribution Fairy is Dead, but She Still Lives in Economists’ Fantasies « naked capitalism Vanity Fair has published a short article by Joseph Stiglitz on how the top 1% aren’t merely taking way more than their fair sha > read more

Alabama Judge Accepts New York Trust Theory, Dismisses Foreclosure Action for Failure to Comply With Pooling and Servicing Agreement « naked capitalism

Published on 2011-04-02 12:50:06

Alabama Judge Accepts New York Trust Theory, Dismisses Foreclosure Action for Failure to Comply With Pooling and Servicing Agreement « naked capitalism > read more

Banks to AGs on Servicing Fraud: Drop Dead - Credit Slips

Published on 2011-03-31 23:41:38

from Credit Slips There are lots of other points to criticize with this counterproposal, but it's hardly worthwhile doing so--it's such an obvious in-your-face document that it's really not worthwhile engaging with serious. This isn't the basis for a > read more

ThinkProgress » After Congressional Progressives Ask ‘Where Are The Jobs?,’ GOP Rep. Biggert Says ‘Stop Talking About Jobs’

Published on 2011-03-31 23:32:21

ThinkProgress » After Congressional Progressives Ask ‘Where Are The Jobs?,’ GOP Rep. Biggert Says ‘Stop Talking About Jobs’ Make big money in penny stocks today > read more

GOPers Demand Sean Duffy Salary Tape Be Pulled From The Internet (VIDEO) | TPMDC

Published on 2011-03-31 23:29:20

GOPers Demand Sean Duffy Salary Tape Be Pulled From The Internet (VIDEO) TPMDC what a fool !......any wonder he was on MTV real world. this guy is perfect for being a politician becuase he is so dam stupid. Make big money in penny stocks today > read more

Nightly News stays mum on GE’s $0 tax bill - Yahoo! News

Published on 2011-03-31 23:26:44

Nightly News stays mum on GE’s $0 tax bill - Yahoo! News Make big money in penny stocks today > read more

The Subprime Shakeout: Federal Regulators Pick Fight with Banks Over Collapsed Credit Unions

Published on 2011-03-31 23:23:58

The Subprime Shakeout: Federal Regulators Pick Fight with Banks Over Collapsed Credit Unions The most interesting thing about the NCUA's efforts is their focus on misrepresentation. As I've noted, we're seeing a trend away from putback lawsuits and > read more

Matt Stoller: Comptroller of the Currency Orders National Banks to Cover Up Foreclosure Scandal « naked capitalism

Published on 2011-03-31 23:16:54

Matt Stoller: Comptroller of the Currency Orders National Banks to Cover Up Foreclosure Scandal « naked capitalism > read more

BofA to try again on dividend increase - UPI.com

Published on 2011-03-25 03:48:46

BofA to try again on dividend increase - UPI.com Wow the Fed actually did something smart. After letting nearly all the TBTF banks increase their dividend eventhough they have been using smoke and mirrors accounting, they deny Bank of America. It > read more

Study: Young adults firm in faith, more likely fat by 50 - Faith & Reason

Published on 2011-03-25 03:10:39

Interesting story here. Correlation between religion and obesity. Study: Young adults firm in faith, more likely fat by 50 - Faith & Reason > read more

Breaking: Sen. Claire McCaskill, D-Mo., Failed to Pay $287,000 in Property Taxes on Aircraft | The Weekly Standard

Published on 2011-03-24 01:32:25

Breaking: Sen. Claire McCaskill, D-Mo., Failed to Pay $287,000 in Property Taxes on Aircraft The Weekly Standard Make big money in penny stocks today > read more

Attorney's scam the mediation system ripping off clients repeatedly

Published on 2011-03-24 01:13:22

Attorney's seem to think they are smarter than everyone. I have not hired an attorney that lived up to their BS. This real estate meltdown is just another way for incompetent lawyers to take advantage of people who come to them expecting them to do s > read more

97% of All U.S. Mortgages are Backed by the Government → Washington's Blog

Published on 2011-03-23 17:08:12

97% of All U.S. Mortgages are Backed by the Government → Washington's Blog Make big money in penny stocks today > read more

Fannie and Freddie Hiding Over $100 Billion of Losses?

Published on 2011-03-23 17:03:56

Fannie and Freddie Hiding Over $100 Billion of Losses? Given the prevalence of PMI insurance, their thin capitalization, and the big wipeout in home values, they should be as dead as the monolines. But they aren’t. That’s because they are engagi > read more

Banks Blamed for Ills at Credit Unions

Published on 2011-03-23 01:14:39

Banks Blamed for Ills at Credit Unions Make big money in penny stocks today > read more

Costco drops Coke products in showdown over prices - USATODAY.com

Published on 2011-03-23 00:23:31

Costco drops Coke products in showdown over prices - USATODAY.com Make big money in penny stocks today > read more

US government turning into corruption machine

Published on 2011-03-23 00:17:22

We are seeing it more and more everyday. The government is becoming a virtual cesspool for criminal activity. The current adminstration is behaving more like an organized crime ring that a government for the people by the people and of th > read more

Wow Obama true to his words. War Monger. oh wait he didn't say that did he?

Published on 2011-03-22 01:20:59

The Obama lies. How he fooled so many voters. The country has become so shallow, What in the world would have led anyone to think Obama was qualified to be President? This is why we have so many liars and swindlers in Washington. Americ > read more

Minnesota GOPers Want to Criminalize Poor People Carrying Money | AlterNet

Published on 2011-03-21 01:17:22

What a phony headline! I read this and thought it might be something earth shattering that was being done so Minnesota government could have more control of the lower middle class but the title is just spin. The phrase about poor people is so mislead > read more

Beware if your buying a short sale or Bank of American Foreclosure

Published on 2011-03-19 17:50:33

This is an incredible story but considering what Bank of America has gotten away with lately it is par for the course. The government continues to fail the people and they continue to believe the banks are doing nothing wrong even though the banks ar > read more

The 1677 Statute of Frauds: History We Neglect at Our Peril

Published on 2011-03-19 16:11:13

The 1677 Statute of Frauds: History We Neglect at Our Peril Make big money in penny stocks today > read more

Government is failing the people by ignoring property law

Published on 2011-03-19 16:05:03

It won't be title insurers because they will cave in if the banks are given a free pass. If the government twists their arm they will fold and insure everything just like they always have for a fee and then try to fight against any claims that happen > read more

Mers and Title Mess is an issue that likely will not go away

Published on 2011-03-19 14:45:16

See the full Story here at Naked Capitalism Friday March 18, 2011 A few months ago, the Massachusetts Supreme Judicial Court issued its Ibanez decision, which made it clear that the banks’ foreclosure practices — and indeed, the standard securi > read more

Mirabile Dictu! FDIC Suing Former WaMu CEO, Two Execs, for $900 Million

Published on 2011-03-17 18:09:48

Mirabile Dictu! FDIC Suing Former WaMu CEO, Two Execs, for $900 Million Make big money in penny stocks today > read more

Double Dip in Action? Banksters and Politicians collude to wipe out Middle class American Dream

Published on 2011-03-17 15:00:57

Read this comment on Naked Capitalism from Yesterday Says a lot about what is actually going on in the country. We have lost control of the country and it is no longer for the people. We have created a new state that is for and by t > read more

Levitin Addresses possible settlement with banksters

Published on 2011-03-16 03:29:39

This article can been read in full at http://www.creditslips.org/creditslips/2011/03/foreclosure-fraud-settlement-the-empire-strikes-back-or-why-are-republicans-so-obsessed-with-backdoo.html#more Requiring servicers maximize NPV is just making expli > read more

Dylan Ratigan: Rescue Choppers or Corporate Jets?

Published on 2011-03-15 02:51:49

Dylan Ratigan: Rescue Choppers or Corporate Jets? Great story on just how much the banks have sucked out of our economy so they could pay billions in bonuses and travel around the world in their multi million dollar jets. All thanks to the American > read more

Where is the American Dream Now?

Published on 2011-03-15 02:01:28

I think there is no such thing as Main stream media, that actually covers the views of the main stream or main street anymore. Everything is beholden to big money. I saw only one thing left for the little guy create some nice wealth start > read more

Bill Maher Tells Poor People: Stop Thinking the Rich are On Your Side « naked capitalism

Published on 2011-03-14 21:59:42

Bill Maher Tells Poor People: Stop Thinking the Rich are On Your Side « naked capitalism Make big money in penny stocks today > read more

“Anonymous” Whistleblower Charges BofA With Large Scale Force Placed Insurance Scheme With Cooperation of Servicers « naked capitalism

Published on 2011-03-14 21:53:57

Ooh, this is ugly. The charge made in this Anonymous release (via BankofAmericaSuck) is that Bank of America, through its wholly-owned subsidiary Balboa Insurance and the help of cooperating servicers, engaged in a mortgage borrower abuse called > read more

BofA Offers to Help Fix Mortgages...If You're a State Legislator - DailyFinance

Published on 2011-03-14 21:33:20

BofA offers to help fix mortgages for legislators...If You're a State Legislator you are in the clear- DailyFinance This is a great story that tells us a lot about just how the system works. The banks have bought the politicians and have > read more

A Reason to Stop Banking with Wells Fargo « naked capitalism

Published on 2011-03-13 03:52:05

A Reason to Stop Banking with Wells Fargo « naked capitalism This is a great story and certainly lays out a great case for not banking with Well or with anyone TBTF bank. All the TBTF banks are full of hypocrites and liars who never get questioned > read more

Gretchen Morgenson Confirms Lack of Attorney General Investigations into Foreclosure Fraud « naked capitalism

Published on 2011-03-13 03:33:40

Gretchen Morgenson Confirms Lack of Attorney General Investigations into Foreclosure Fraud « naked capitalism Sunday, March 13, 2011 Gretchen Morgenson Confirms Lack of Attorney General Investigations into Foreclosure Fraud This is the key sni > read more

Quelle Surprise! Fed Issues “See No Evil” Report Using Bogus Methodology to Defend Servicers « naked capitalism

Published on 2011-03-10 22:39:38

Quelle Surprise! Fed Issues “See No Evil” Report Using Bogus Methodology to Defend Servicers « naked capitalism > read more

Banks Beef About Fraudclosure Settlement As Stocks Rise on the News « naked capitalism

Published on 2011-03-09 03:57:07

Even though the banks are complaining like spoiled brats the government and the AG's have failed the people once again. Most of the items in the new settlement proposal is merely clarification of what the servicers were supposed to do on there > read more

Privatization of Housing Finance System Creates Risk - Room for Debate - NYTimes.com

Published on 2011-03-08 03:46:55

Privatization of Housing Finance System Creates Risk - Room for Debate - NYTimes.com from article written by Adam levitin Shielding consumers from housing finance risks is critical to economic stability. Consumer spending drives the economy, and h > read more

“The 25 Best Financial Blogs” « naked capitalism

Published on 2011-03-08 03:25:51

"The 25 Best Financial Blogs” Time Magazine has come out with a list of Best Financial Blogs. I am partial to Naked Capitalism. Yves is excellent and extremely bright. She knows the reality of Washington DC&nbs > read more

Many Foreclosures in Oregon Halted Due to Decisions Against MERS « naked capitalism

Published on 2011-03-07 23:22:12

MERS was flawed at conception, those critics say. The bankers who midwifed its birth hired Covington & Burling, a prominent Washington law firm, to research their proposal. Covington produced a memo that offered assurances that MERS could operate > read more

A Liberal Is a Villager Who’s Been Screwed By a Mortgage Servicer | FDL News Desk

Published on 2011-03-06 18:21:27

The past week has seen a pronounced evolution in the writing of Dana Milbank. Earlier in the week he severely criticized the incestuous relationship between the political and media culture in Washington – including engaging in a healthy dose of sel > read more

MERS Must Read for all Home owners or those soon to be homeowners

Published on 2011-03-06 01:21:08

Mortgage brokers hip deep in profits handed out no-doc mortgages to people with fictional incomes. Wall Street shopped bundles of those loans to investors, no matter how unappetizing the details. And federal regulators gave sleepy nods. That world la > read more

Democracy, Free Market? Not Here thank you congress

Published on 2011-03-05 00:51:30

I don't think there is any question that free markets and democracy are more fantasy than reality. There is no free market even in "democracy" when the representatives of the people are criminals themselves. The lust for power and mone > read more

Head of World's Largest Asset Manager: "Markets Like Totalitarian Governments" → Washington's Blog

Published on 2011-03-05 00:28:47

Blackrock is the world's largest investment manager. As Wikipedia notes: BlackRock is the largest global investment management firm headquartered in New York City. It is one of the most prominent financial institutions in the US. The company acquired > read more

The Bizarre Mortgage “Settlement” Negotiations

Published on 2011-03-04 11:08:28

Full Story here: The Bizarre Mortgage “Settlement” Negotiations 1. There has not been anything even remotely resembling an investigation. As we have said earlier, the eight week Federal exam was a joke. As Adam Levitin noted: …we don’t actua > read more

GSE 2.0 Scare Tactics: False Claim That No Government Guarantee = No Thirty-Year Mortgage

Published on 2011-03-04 11:06:03

The propaganda strategy for selling the public on the creation of supposedly new improved GSEs is becoming more apparent. Recall that we had an initial skirmish a month ago, when the Center for American Progress published a plan to reform Fannie/Fred > read more

Is the Foreclosure Fraud Settlement Overbroad? - Credit Slips

Published on 2011-03-04 03:20:23

There are a lot of problems with this line of argumentation. First, we don't actually have a tally of servicer malfeasance. Neither the AGs nor the federal regulators have done the sort of investigation necessary to really know the full extent of > read more

Former Goldman Sachs Board Member Accused Of Insider Trading

Published on 2011-03-04 03:02:34

Former Goldman Sachs Board Member Accused Of Insider Trading Make big money in penny stocks today > read more

Poll Results Show 75% Of Wall Street Lies At Least Half The Time

Published on 2011-03-04 02:49:56

Surprise Surprise!! Poll Results Show 75% Of Wall Street Lies At Least Half The Time > read more

Another County Seeking to Collect Unpaid Recording Fees From MERS

Published on 2011-03-03 14:59:01

Another county seeking recording fees from MERS, from Naked Capitialism I must confess I get a perverse sense of satisfaction from watching MERS suffering pushback on a variety of fronts. The latest, as we mentioned a few weeks ago, is the prospec > read more

Judges accused of 'predetermining' foreclosure cases - News - ReviewJournal.com

Published on 2011-03-02 23:22:27

Judges accused of 'predetermining' foreclosure cases - News - ReviewJournal.com "The threshold is minimal," he said. Lenders must follow two rules: Bring all required loan documents to the mediation; have someone available who can approve loan a > read more

BAC, Countrywide v Stenz Motion to Dismiss Granted – “A thief who steals a check payable to bearer becomes the holder of the check… but does not become the owner of it.” « Foreclosure Fraud – Fighting Foreclosure Fraud by Sharing the Knowl

Published on 2011-03-02 22:54:58

BAC, Countrywide v Stenz Motion to Dismiss Granted – “A thief who steals a check payable to bearer becomes the holder of the check… but does not become the owner of it.” « Foreclosure Fraud – Fighting Foreclosure Fraud by Sharing the Knowl > read more

Banks need to reduce loan balances

Published on 2011-03-02 14:13:54

Why? The majority of loans have been picked up for pennies on the dollar with government and tax payer funds being used….the funds that were to remove toxic assets from balance sheets so we could avoid the additional drop in real estate. IF you > read more

How this $83 fountain pen helped save a family home from foreclosure — The Florida Foreclosure Fraud Weblog

Published on 2011-03-02 13:31:03

How this $83 fountain pen helped save a family home from foreclosure — The Florida Foreclosure Fraud Weblog Make big money in penny stocks today > read more

MERS IS BEING HAD BY ITS MEMBERS

Published on 2011-03-02 12:03:45

MERS IS BEING HAD BY ITS MEMBERS Make big money in penny stocks today > read more

Megan McArdle Uses Straw Men to Argue Against Principal Mods

Published on 2011-03-02 11:07:45

Megan McArdle Uses Straw Men to Argue Against Principal ModsMegan McArdle has a post up discussing why she thinks the benefits of principal mods would be “at best small and mixed”. The problem with her lengthy discussion is that it is rife with s > read more

Does MERS Registration and Mortgage Fractionalization Extinguish Mortgage Rights?

Published on 2011-03-02 01:48:51

Does MERS Registration and Mortgage Fractionalization Extinguish Mortgage Rights? Make big money in penny stocks today > read more

FDN’S JEFF BARNES, ESQ. ADMITTED PRO HAC VICE IN MICHIGAN; CONGRESSIONAL OVERSIGHT REPORT HIGHLIGHTS ILLEGALITY OF ASSIGNMENTS OF MORTGAGE LOANS TO TRUSTS WITHOUT COMPLIANCE WITH POOLING & SERVICING AGREEMENTS

Published on 2011-03-02 01:38:04

FDN’S JEFF BARNES, ESQ. ADMITTED PRO HAC VICE IN MICHIGAN; CONGRESSIONAL OVERSIGHT REPORT HIGHLIGHTS ILLEGALITY OF ASSIGNMENTS OF MORTGAGE LOANS TO TRUSTS WITHOUT COMPLIANCE WITH POOLING & SERVICING AGREEMENTS FDN’s Jeff Barnes, Esq. has been > read more

HSBC HALTS ALL FORECLOSURES; POSSIBLE IMPOSITION OF FINES AND CIVIL MONEY PENALTIES ARISING OUT OF “DEFICIENT DOCUMENTATION” IN FORECLOSURES

Published on 2011-03-02 01:26:31

HSBC Bank USA and HSBC Finance Corp. have halted all foreclosures until further notice, and may be faced with regulatory actions, fines, and penalties arising out of “certain deficiencies” in foreclosure procedures and mortgage loan servicing. Th > read more

Dylan Ratigan: Will Washington wake up to Wall Street greed?

Published on 2011-03-02 01:22:50

Dylan Ratigan is one of the few in the MSM that are willing to call out the banksters for their frudulent behavior. He is just one, however, in a see of media that refuses to report the truth about the financial crisis. We can only hope the others wi > read more

Citi under fire over disclosure

Published on 2011-03-02 01:08:01

Citi under fire over disclosure Make big money in penny stocks today > read more

Guest Post: “The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement” « naked capitalism

Published on 2011-02-28 23:12:57

Great Article from Washington's blog via Naked Capitalism. Washington hits the nail on the head. We are witnessing reality that we never imagined would come to pass. Well I think most people never imagined it would happen or at least not to this de > read more

Foreclosures numbers down, investigating cause

Published on 2011-02-28 09:59:26

This story sheds some light no what is really going on at the TBTF banks. It reveals ample evidence that all is not well in bank and servicer land that they TBTF banks may not be giving the public the entire truth about the housing situation.&n > read more

Why isn’t Wall Street in jail? — War in Context

Published on 2011-02-28 01:34:44

At least some people are still wondering why the banksters have gotten free pass after the fleecing they put on the Americans by crushing the golden goose we have had in the housing market. Why isn’t Wall Street in jail? — War in C > read more

Google's algorithm change hits 12% of search results - Feb. 25, 2011

Published on 2011-02-27 19:54:44

Google's algorithm change hits 12% of search results - Feb. 25, 2011 Make big money in penny stocks today > read more

Guest Post: The 10 Most Systemically Risky Financial Firms in the US

Published on 2011-02-27 19:42:36

Guest Post: The 10 Most Systemically Risky Financial Firms in the US Make big money in penny stocks today > read more

Arrests Starting in Wisconsin

Published on 2011-02-27 19:42:13

Arrests Starting in Wisconsin Make big money in penny stocks today > read more

Matt Stoller: AG Tom Miller Negotiating in Secret with Banks Over Whether to Put Bankers in Jail

Published on 2011-02-27 19:41:29

Matt Stoller: AG Tom Miller Negotiating in Secret with Banks Over Whether to Put Bankers in Jail > read more

Regulator Stands In Way Of Potential Multi-Billion Dollar Mortgage Settlement

Published on 2011-02-27 00:48:11

Regulator Stands In Way Of Potential Multi-Billion Dollar Mortgage Settlement Make big money in penny stocks today > read more

Corporate Profits Soaring Thanks to Record Unemployment | The Economic Populist

Published on 2011-02-27 00:30:40

Corporate Profits Soaring Thanks to Record Unemployment The Economic Populist Make big money in penny stocks today > read more

The Housing Bubble and Negative Equity are a Major Predictor of State Budget Gaps, Not Unions. « Rortybomb

Published on 2011-02-26 23:38:32

The Housing Bubble and Negative Equity are a Major Predictor of State Budget Gaps, Not Unions. « Rortybomb Make big money in penny stocks today > read more

Sanctimonious Wells Fargo ‘Fesses Up That it Will Probably Pay Fines in Enforcement Actions « naked capitalism

Published on 2011-02-26 23:35:05

Although banks are having to pay fines or make settlements now and again that are grossly inadequate relative to the damage they’ve inflicted on consumers and communities, I thought I’d single out this example. The reason is simple. Wells Fargo > read more

Bankers Apoplectic Over Arizona’s Republican Dominated Senate Passing Chain of Title Bill, 28-2 - Mandelman Matters

Published on 2011-02-25 21:23:25

Bankers Apoplectic Over Arizona’s Republican Dominated Senate Passing Chain of Title Bill, 28-2 - Mandelman Matters Finally a government body is doing something about the banking industry abuses. AZ senate passes a that requires banks to do what > read more

Daniel Pennell: MERS Counsel Calls Me « naked capitalism

Published on 2011-02-24 23:32:21

Daniel Pennell: MERS Counsel Calls Me « naked capitalism MERS is Flush with hubris and evidently full of supreme confidence that because they are involved with so many mortgages in the US, they will be labeled as too big to fail, and be rescued and > read more

Google Penalizes Overstock for Search Tactics - WSJ.com

Published on 2011-02-24 23:00:07

Google cracking down on SEO (also known as Search Engine Optimization) tactics that violate the Page Rank Rules. It will be interesting if Google continues to penalize the offenders or if they are just using JC Penney and Overstock as high profile ex > read more

$20 Billion “Get Out of Jail Free” Settlement Floated « naked capitalism

Published on 2011-02-24 10:45:13

The servicers, as well as Fannie and Freddie, would be required to provide principal mods. But given the meager settlement amount, this is a complete and utter joke. The mods will be too shallow and too few in number to help either borrowers or the h > read more

Mortgage Fraud Whitewash: $20 Billion “Get Out of Jail Free” Settlement Floated « naked capitalism

Published on 2011-02-24 10:43:09

Mortgage Fraud Whitewash: $20 Billion “Get Out of Jail Free” Settlement Floated « naked capitalism: "Even so, the mortgage “settlement” trial balloon floated in the Wall Street Journal this evening is an offense to common sense and decency. > read more

Mortgage Fraud Whitewash: $20 Billion “Get Out of Jail Free” Settlement Floated

Published on 2011-02-24 10:37:57

Mortgage Fraud Whitewash: $20 Billion “Get Out of Jail Free” Settlement Floated > read more

America Should Sell National Assets to Balance the Books - The Daily Beast

Published on 2011-02-24 01:37:20

America Should Sell National Assets to Balance the Books - The Daily Beast > read more

banks net 21.7 billion in profits for 4th quarter

Published on 2011-02-23 12:38:32

Here is an interesting development. The banks net profit of 21.7 billion dollars as they continue to push harder for foreclosures. Now what is the issue? Are the banks not willing to negotiate mortgages because it will lead to more > read more

What is wrong with the US Congress?

Published on 2011-02-23 04:46:54

Why are we seeing very high unemployment, decreasing housing prices, record foreclosures? Why are we letting congress get away with coddling the banks and fleecing the homeowners? Besides the fact that the majority of elected officials ca > read more

Standard & Poor's/Case-Shiller index, double dip: Home prices edge toward double dip - latimes.com

Published on 2011-02-23 04:36:59

Case-Shiller Index shows downward trend toward double dip in housing. We are seeing effects of the failure of the the administration and congress to get the banks to negotiate with home owners and reduce mortgage payments and/or principal reduc > read more

Consumer Stress Continues to Rise While DC Goes into “Mission Enough Accomplished” Mode « naked capitalism

Published on 2011-02-23 04:01:49

Consumer Stress Continues to Rise While DC Goes into “Mission Enough Accomplished” Mode « naked capitalism Make big money in penny stocks today > read more

How to Foreclose on Your Bank « naked capitalism

Published on 2011-02-23 03:53:05

How to Foreclose on Your Bank « naked capitalism Various Philadelphia media outlets have told the tale of one Patrick Rogers, who was increasingly unhappy over his inability to get satisfaction from Wells Fargo over fees related to hi > read more

Ugly Out There! « naked capitalism

Published on 2011-02-23 03:41:16

We might be getting that correction. After HP dropped 12% after a pretty good quarter the rest of the world seemed to be a little spoked by the the unrest in the middle east and all markets are down. Read more here: Ugly Out There! « naked capitalis > read more

CDS or the Credit Default Swamp SCAM by Wall Street

Published on 2011-02-21 23:55:15

One more time people. For anyone that has forgotten how the derivatives market was gamed and how foolish it was for anyone to be selling CDS on RMBS here is a recap. From Wikipedia, the free encyclopedia A credit default swap (C > read more

Mediation in FL laying ground work for Nevada, both failing

Published on 2011-02-21 23:38:57

This sounds like it will be how the mediation program goes in Nevada as well. It is purely a propaganda campaign. More than a year after mediation became a required step, however, barriers including the impasse complaints and trouble con > read more

Foreclosure mediators: Banks pushed us to fail

Published on 2011-02-21 23:33:26

Foreclosure mediators: Banks pushed us to fail I am sure this is no different from Nevada. The government has created a boon for banks and lawyers as they take huge fees for little work, show up to mediation for 30 minutes and have made about 1000 > read more

Foreclosure mediators: Banks pushed us to fail

Published on 2011-02-21 23:33:25

Foreclosure mediators: Banks pushed us to fail I am sure this is no different from Nevada. The government has created a boon for banks and lawyers as they take huge fees for little work, show up to mediation for 30 minutes and have made about 1000 > read more

Woman pays off mortgage, finds herself in default - chicagotribune.com

Published on 2011-02-21 23:13:06

This is just one more example of the incompetent servicers for Bank of America and how they are willing to do everything wrong until someone calls them on it. A paid off mortgage results in default notice in Chicago. It has taken several months for t > read more

Another Reminder That Crime Pays: No Charges Filed Against Countrywide’s Mozilo « naked capitalism

Published on 2011-02-21 00:50:10

No one is being held accountable yet for all the criminal activity by the banks for their hand in the housing meltdown. The banks have brain washed all of Washington D.C. and most people across the country. Another Reminder That Crime Pays: No Char > read more

The Housing Crisis reveals continuation of wealth transfer to the rich

Published on 2011-02-21 00:43:30

Being wealthy used to be the right of every American. The old adage work hard and then work harder and do the right things and you can be rich one day. It is all up to you. This is still is the case but now you have to be very > read more

Obama’s HAMP Program Helps Some Homeowners With Home Loan Modification | Daily Planet Dispatch

Published on 2011-02-20 00:24:15

The home loan modification program, set up by the government, was developed to rescue home owners from foreclosure and slow the drop in home prices. The Making Home Affordable Program’s website has been updated in order to make it more user-friendl > read more

The TBTF Banks only placating the media and congress not helping to reduce foreclosures

Published on 2011-02-18 22:58:22

The too big to fail banks have milked the system for so long that they know no other way to do business. They are saying all the right things, saying they don't want more houses back, saying they are putting major resources to the HAMP program > read more

AMERICAblog News: Matt Taibbi on the 'unjailables' of Wall Street

Published on 2011-02-18 00:20:55

AMERICAblog News: Matt Taibbi on the 'unjailables' of Wall Street > read more

Wells Fargo CFO’s Departure Might Not Have Been About Just Needing A Little Me-Time

Published on 2011-02-17 23:18:23

Another CFO Departure. Wells CFO jumps ship. There is speculation that he is leaving for more than just personal time. However, the arguments might be true but there is no reason for anyone with the TBTF banks to be worried about repercussions for th > read more

GMAC Wins Ruling in Maine Case Over False Foreclosure Documents

Published on 2011-02-17 13:05:23

GMAC Wins Ruling in Maine Case Over False Foreclosure Documents Make big money in penny stocks today > read more

MERS Ends Foreclosures in Its Own Name

Published on 2011-02-17 13:02:34

MERS Ends Foreclosures in Its Own Name Make big money in penny stocks today > read more

Chairman Issa Issues Subpoena for All Countrywide VIP Docs

Published on 2011-02-17 12:57:39

Chairman Issa Issues Subpoena for All Countrywide VIP Docs > read more

U.S. Loans in Foreclosure Tie Record; Lenders Delay Seizures - Bloomberg

Published on 2011-02-17 10:51:42

HTTP The median sale price nationally fell 1.1 percent in December from a year earlier, according to the National Association of Realtors. Declining home prices contribute to foreclosures because if homeowners who have lost equity fall behind on thei > read more

Bloomberg - Business & Financial News, Breaking News Headlines

Published on 2011-02-17 09:48:44

Bloomberg - Business & Financial News, Breaking News Headlines Make big money in penny stocks today > read more

Merscorp Doesn't Have Right To Transfer Mortgages, Judge Says

Published on 2011-02-17 01:45:16

Merscorp Doesn't Have Right To Transfer Mortgages, Judge Says Make big money in penny stocks today > read more

Bank Regulator Pushing For Modest Settlement With Industry Over Improper Mortgage Practices

Published on 2011-02-17 01:29:52

Not Surprising. Bank Regulator Pushing For Modest Settlement With Industry Over Improper Mortgage Practices > read more

FRB: Speech--Raskin, Putting the Low Road Behind Us--February 11, 2011

Published on 2011-02-17 00:51:34

FRB: Speech--Raskin, Putting the Low Road Behind Us--February 11, 2011 Make big money in penny stocks today > read more

The Subprime Shakeout

Published on 2011-02-17 00:50:00

But the most surprising moment in the conference came with Fed Gov. Raskin's speech, the full text of which is available here. Striking a decidedly more direct tone than her Fed counterparts, Raskin noted that "widespread weaknesses exist in the serv > read more

The 7 Things Really Wrong with the Treasury’s GSE Reform Plan

Published on 2011-02-16 17:00:04

The 7 Things Really Wrong with the Treasury’s GSE Reform Plan Make big money in penny stocks today > read more

All You Need to Know About Why Things Fell Apart: Michael Lewis - Bloomberg

Published on 2011-02-16 01:46:39

All You Need to Know About Why Things Fell Apart: Michael Lewis - Bloomberg > read more

FDN ATTORNEYS STOP FORECLOSURE SALE IN HAWAII; HAWAII’S NONJUDICIAL FORECLOSURE PROCEDURE BEING CHALLENGED IN UNITED STATES SUPREME COURT; NY BANKRUPTCY DECISION BLASTS MERS

Published on 2011-02-15 23:25:56

FDN ATTORNEYS STOP FORECLOSURE SALE IN HAWAII; HAWAII’S NONJUDICIAL FORECLOSURE PROCEDURE BEING CHALLENGED IN UNITED STATES SUPREME COURT; NY BANKRUPTCY DECISION BLASTS MERS February 15, 2011 FDN attorneys Jeff Barnes, Esq. and Ronald Grant, Esq. > read more

Hard work, not investment gurus (published with permission from Investors.com)

Published on 2011-02-15 23:18:44

If you are serious about learning stocks, Investors.com is where you need to go. It is a great resource for learning about specific stocks and the market in general. Make big money in penny stocks today > read more

5 Ways Corporate Scavengers Are Making Big Money Off Our Economic Pain | | AlterNet

Published on 2011-02-14 22:29:35

5 Ways Corporate Scavengers Are Making Big Money Off Our Economic Pain AlterNet Make big money in penny stocks today > read more

Housing Crash Is Hitting Cities Thought to Be Stable - NYTimes.com

Published on 2011-02-14 21:43:50

Housing Crash Is Hitting Cities Thought to Be Stable - NYTimes.com Neatdesk Deals Direct > read more

Bear was far from a paragon of virtue

Published on 2011-02-14 02:33:47

Bear was far from a paragon of virtue Paulson Denies Culpability in Crisis, Yet Even Bear Turned Down His Deals « naked capitalism It nevertheless attempts to do a “multidimensional analysis” which evidently gives heavy weight to FICO (how “ > read more

Servicers, loan insurer stocks soar on Treasury's GSE report « HousingWire

Published on 2011-02-13 23:02:09

Servicers, loan insurer stocks soar on Treasury's GSE report « HousingWire Make big money in penny stocks today > read more

APPELLATE DIVISION OF NEW JERSEY SUPERIOR COURT REVERSES SUMMARY JUDGMENT IN FAVOR OF WELLS FARGO, FINDING THAT STANDING TO FORECLOSE WAS NOT ESTABLISHED

Published on 2011-02-13 22:59:11

APPELLATE DIVISION OF NEW JERSEY SUPERIOR COURT REVERSES SUMMARY JUDGMENT IN FAVOR OF WELLS FARGO, FINDING THAT STANDING TO FORECLOSE WAS NOT ESTABLISHED The Court concluded that Wells Fargo failed to establish its standing to pursue the foreclosur > read more

MIAMI-DADE COUNTY, FLORIDA CIRCUIT JUDGE SLAMS FORECLOSURE MILL BEN-EZRA & KATZ, P.A. FOR PERPETRATING FRAUD UPON THE COURT, DISMISSES FORECLOSURE WITH PREJUDICE AND ENTERS ORDER COMMANDING OWNERS OF BEN-EZRA & KATZ TO EXPLAIN TO COURT WHY TH

Published on 2011-02-13 22:54:07

MIAMI-DADE COUNTY, FLORIDA CIRCUIT JUDGE SLAMS FORECLOSURE MILL BEN-EZRA & KATZ, P.A. FOR PERPETRATING FRAUD UPON THE COURT, DISMISSES FORECLOSURE WITH PREJUDICE AND ENTERS ORDER COMMANDING OWNERS OF BEN-EZRA & KATZ TO EXPLAIN TO COURT WHY TH > read more

StreetInsider.com - Treasury Sets Options to Get Taxpayers Out of Fannie, Freddie

Published on 2011-02-13 22:50:52

StreetInsider.com - Treasury Sets Options to Get Taxpayers Out of Fannie, Freddie Make big money in penny stocks today > read more

Wynn Resorts (WYNN) Swings to Strong Q4 Profit; Macau Revs Up 79%

Published on 2011-02-13 22:49:51

Wynn Resorts (WYNN) Swings to Strong Q4 Profit; Macau Revs Up 79% Make big money in penny stocks today > read more

5 Ways Corporate Scavengers Are Making Big Money Off Our Economic Pain | | AlterNet

Published on 2011-02-13 20:23:37

5 Ways Corporate Scavengers Are Making Big Money Off Our Economic Pain AlterNet Make big money in penny stocks today > read more

Don't be blinded by the web. The world is actually stagnating | Will Hutton | Business | The Observer

Published on 2011-02-13 20:21:42

Don't be blinded by the web. The world is actually stagnating Will Hutton Business The Observer Make big money in penny stocks today > read more

The Federal Reserve Caused the Financial Crisis

Published on 2011-02-12 23:14:46

The Federal Reserve Caused the Financial Crisis Make big money in penny stocks today > read more

So Why is the FCIC Protecting Bernanke & Co?

Published on 2011-02-12 23:13:15

So Why is the FCIC Protecting Bernanke & Co? Make big money in penny stocks today > read more

New York Times Article Perpetuates Short-Sighted Management Attitudes

Published on 2011-02-12 23:11:20

New York Times Article Perpetuates Short-Sighted Management Attitudes Neatdesk Deals Direct > read more

Commodities-are-overbought-Marc-Faber

Published on 2011-02-12 03:10:05

http://www.commodityonline.com/news/Commodities-are-overbought-Marc-Faber-36360-3-1.html Make big money in penny stocks today > read more

Deep T: Australian Banking System on Unstoppable Path to Collapse or Government Bailout

Published on 2011-02-12 03:05:23

Deep T: Australian Banking System on Unstoppable Path to Collapse or Government Bailout Make big money in penny stocks today > read more

Dimon Calls Fannie, Freddie ‘Biggest Disasters of All Time’

Published on 2011-02-12 02:55:33

Dimon Calls Fannie, Freddie ‘Biggest Disasters of All Time’ Make big money in penny stocks today > read more

NY Fed: 2005 Bankruptcy Bill Led to Hundreds of Thousands of Unnecessary Foreclosures

Published on 2011-02-12 02:14:22

NY Fed: 2005 Bankruptcy Bill Led to Hundreds of Thousands of Unnecessary Foreclosures > read more

JPMorgan Thinks Credit Suisse Did A Pretty Poor Job Capitalizing On The Financial Crisis

Published on 2011-02-11 02:54:12

JPMorgan Thinks Credit Suisse Did A Pretty Poor Job Capitalizing On The Financial Crisis Neatdesk Deals Direct > read more

Questioning Goldman’s “Market Making” Defense

Published on 2011-02-10 20:49:41

Questioning Goldman’s “Market Making” Defense Make big money in penny stocks today > read more

Questioning Goldman’s “Market Making” Defense

Published on 2011-02-10 20:49:40

Questioning Goldman’s “Market Making” Defense Make big money in penny stocks today > read more

Exclusive: Harvard Economists Prove that Bankruptcy is Mythical « naked capitalism

Published on 2011-02-10 15:04:34

Exclusive: Harvard Economists Prove that Bankruptcy is Mythical « naked capitalism Quote from full Article is perfect for our own assessment of economic theory! It is theory based on unrealistic assumptions, how else could the RMBS market have bee > read more

Why the Krugman “I See No Commodities Speculation” Analysis is Flawed « naked capitalism

Published on 2011-02-10 14:42:04

Why the Krugman “I See No Commodities Speculation” Analysis is Flawed « naked capitalism Neatdesk Deals Direct > read more

Wells Fargo Springs Finance Surprise

Published on 2011-02-09 16:09:54

Wells Fargo Springs Finance Surprise Make big money in penny stocks today > read more

Officials to unveil housing finance plan Friday

Published on 2011-02-09 16:09:32

Officials to unveil housing finance plan Friday Make big money in penny stocks today > read more

Foreclosure Defense Nationwide - Mortgage Foreclosure Help - Free Advice

Published on 2011-02-09 16:08:27

The tide is finally, after years of struggle, starting to turn, at least in some jurisdictions. As most of you know from the web this week, MERS’ President and CEO R.K. Arnold has resigned. MERS is under attack from all directions, and a securitize > read more

Is AIG Getting Yet More Presents from the Treasury, Meaning the Chump Taxpayer?

Published on 2011-02-09 15:53:43

More money to the criminal entities and the culprits! The engines that drove the housing and mortgage meltdown are still getting treated like royalty as home owners carry the weight of all the RMBS that were really just ponzi schemes that allowed CDS > read more

Barney Frank is a true congressman

Published on 2011-02-09 15:22:37

Barney Frank says they congress is repsonsible for better mortgages now. Now he says we need more rental housing after a few years ago he said everyone should own a home. He is lying through his teeth. I have heard his quote regardi > read more

UBS Cuts Bonus Pool – Wall Street Journal | Guerilla Stock Trading.com

Published on 2011-02-09 04:58:45

This is a big switch. Lately seems like the all the banks were paying even more in bonuses. UBS Cuts Bonus Pool – Wall Street Journal Guerilla Stock Trading.com > read more

Mortgage Lenders Seeking Court Permission To Destroy 22,100 Boxes Of Original Loan Documents | Phil’s Stock World

Published on 2011-02-08 12:55:38

Mortgage Lenders Seeking Court Permission To Destroy 22,100 Boxes Of Original Loan Documents Phil’s Stock World Make big money in penny stocks today > read more

Mirabile Dictu! SEC is Taking a Hard Look At Bad Mortgage Practices « naked capitalism

Published on 2011-02-08 12:53:41

Mirabile Dictu! SEC is Taking a Hard Look At Bad Mortgage Practices « naked capitalism Neatdesk Deals Direct > read more

Bank of America Creates New Unit For Foreclosures

Published on 2011-02-07 21:33:06

I thought this was what banks were going to do 3 years ago when they were bailed out with TARP Funds. I guess they needed a little time to get their house in order. The accounting rules had to be changed and the banks had to see if they could g > read more

Learning To Walk: Fear, Shame And Your Underwater Mortgage

Published on 2011-02-07 21:25:32

Again here is another article written about the brainwashing of the American public by the banking system. It is have been years in the making and people have been fooled into believing the banks are so much more righteous than everyone else. The r > read more

A Mortgage Isn't a Life Sentence

Published on 2011-02-07 21:01:46

This is the segment I did with someone who walked away from his mortgage, his home, and his $120,000 down payment after wrestling with the bank for months. It's powerful, and it's hopeful. "It feels great," Burton said without hesitation. "I'm starti > read more

Securitization Quality Declines as Wall Street Revives Issuance - Bloomberg

Published on 2011-02-07 20:38:06

Securitization Quality Declines as Wall Street Revives Issuance - Bloomberg: "It’s been surprising how quickly investors have returned to accepting transactions with numerous AAA rated classes, said Blewitt, co-head of securitized assets at BlackRo > read more

Florida Foreclosure Mill King David Stern Shows Crime Sure Did Pay

Published on 2011-02-07 05:58:48

Florida Foreclosure Mill King David Stern Shows Crime Sure Did Pay The article suggests that it was the foreclosure mills in response to servicer pressure on fees. And notice the stance of the writer in this extract. Most MSM accounts so far have be > read more

AOL Buys Huffington Post

Published on 2011-02-07 05:47:58

AOL makes a strategic move to buy the Huffington Post for 315 million dollars. AOL is building up a large base of blogs and online news media outlets. The Huffington post should go a long way with its large viewership to keeping AOL from slipping fur > read more

From Nevada Office of Attorney General 2 arrests in mortgage payment scam

Published on 2011-02-06 14:06:15

OFFICEOF THEATTORNEYGENERAL Catherine Cortez Masto, Attorney General 555 E. Washington Avenue, Suite 3900 Las Vegas, Nevada 89101 Telephone - (702) 486-3420 Fax - (702) 486-3283 Web - http://ag.state.nv.us FOR IMMEDIATE RELEASE Edie Cartwrigh > read more

Commentators Concur: Trustee Involvement Signals Shift in RMBS Litigation from Subprime Shakeout

Published on 2011-02-06 13:55:31

Commentators Concur: Trustee Involvement Signals Shift in RMBS Litigation from Subprime Shakeout A few weeks ago, I published an article suggesting that the increased cooperation of MBS trustees may signal the turning point in bondholder litigati > read more

Fraud being uncovered in some states regarding foreclosures and big banks

Published on 2011-02-06 13:43:44

from FDN web site This month, FDN attorneys have been successful in both Oregon and New Jersey in compelling, by court Order and over objection of the “bank’s” attorneys, the production of PSAs, trust formation documents, trust prospec > read more

links 3/4/11

Published on 2011-02-04 06:49:38

will the fraudulent foreclosures continue? http://watch.bnn.ca/squeezeplay/february-2011/squeezeplay-february-3-2011/#clip412311 Will State AG's whither in the face of the banks? Major law firms Losing document on the way to the mass. supreme cou > read more

Proposed class action targets BofA on foreclosures | Reuters

Published on 2011-02-03 06:56:28

Proposed class action targets BofA on foreclosures Reuters > read more

Links of interest

Published on 2011-02-02 14:49:02

Make big money in penny stocks today Climate op eds at WSJ accurate? Food prices squeezing certain income groups -business insider Betting on Foreclosures may have proven to be a mistake. David J. Stern may be the best-known benefic > read more

The 2011 Foreclosure Flood

Published on 2011-02-02 05:37:14

The 2011 Foreclosure Flood Make big money in penny stocks today > read more

naked capitalism

Published on 2011-02-02 05:31:02

naked capitalism Make big money in penny stocks today > read more

Florida Bar re emphasizes lawyer's duty to report fraud in foreclosure casese

Published on 2011-02-02 04:30:18

From Naked Capitalism Florida, which has been Ground Zero of the foreclosure crisis as well as a hotbed of judicial abuses, ranging from the biggest and most active foreclosure mills to kangaroo courts known as “rocket dockets”, has taken a surpr > read more

FT.com / Search

Published on 2011-02-01 15:54:55

FT.com / Search Make big money in penny stocks today > read more

US Political, Financial & Business News | FT.com

Published on 2011-02-01 15:54:00

US Political, Financial & Business News FT.com Make big money in penny stocks today > read more

CRE "extend and pretend" reaching breaking point « HousingWire

Published on 2011-02-01 15:52:15

CRE "extend and pretend" reaching breaking point « HousingWire Make big money in penny stocks today > read more

Washington's Blog

Published on 2011-02-01 15:44:20

Washington's Blog Click Here! > read more

Housing Market News

Published on 2011-01-31 21:17:09

Housing Market News Make big money in penny stocks today > read more

Analyst recaps bungled housing predictions of yesteryear - Las Vegas Sun

Published on 2011-01-31 21:13:25

Analyst recaps bungled housing predictions of yesteryear - Las Vegas Sun Make big money in penny stocks today > read more

Sisolak calls for investigation of firefighter sick leave - Friday, Jan. 21, 2011 | 2 a.m. - Las Vegas Sun

Published on 2011-01-31 21:03:35

Sisolak calls for investigation of firefighter sick leave - Friday, Jan. 21, 2011 2 a.m. - Las Vegas Sun Make big money in penny stocks today > read more

Mish's Global Economic Trend Analysis: Buried One Mile Deep In Economic News: Rand Paul Proposes Elimination of HUD; Churches "Walk Away"; China Hard Landing; Repeal of Davis-Bacon

Published on 2011-01-31 20:58:22

Mish's Global Economic Trend Analysis: Buried One Mile Deep In Economic News: Rand Paul Proposes Elimination of HUD; Churches "Walk Away"; China Hard Landing; Repeal of Davis-Bacon Make big money in penny stocks today > read more

Mish's Global Economic Trend Analysis: Buried One Mile Deep In Economic News: Rand Paul Proposes Elimination of HUD; Churches "Walk Away"; China Hard Landing; Repeal of Davis-Bacon

Published on 2011-01-31 20:57:24

Mish's Global Economic Trend Analysis: Buried One Mile Deep In Economic News: Rand Paul Proposes Elimination of HUD; Churches "Walk Away"; China Hard Landing; Repeal of Davis-Bacon Make big money in penny stocks today > read more

Second-guessing the WaMu seizure and sale: FCIC report « HousingWire

Published on 2011-01-31 20:45:37

Second-guessing the WaMu seizure and sale: FCIC report « HousingWire Make big money in penny stocks today > read more

Published on 2011-01-31 20:43:06

The Banks still have judges in their pocket. Recon Trust doesn't not have to prove anything as to whether they even have the right to foreclose or have followed the service agreement rules over the past several years. A judge ruled today > read more

How Banks Influence People in High Places « naked capitalism

Published on 2011-01-31 16:51:03

How Banks Influence People in High Places « naked capitalism Make big money in penny stocks today > read more

More Judges Pushing Back on Dubious Foreclosure Documents « naked capitalism

Published on 2011-01-31 16:49:55

More Judges Pushing Back on Dubious Foreclosure Documents « naked capitalism Make big money in penny stocks today > read more

from Naked Capitalism on Demand for Sub Prime

Published on 2011-01-31 16:15:17

Make big money in penny stocks today Let us step through some simple math. If a hedge fund invested $50 million in shorting MBS via an equity investment in a CDO, it would lead to the creation of a $1 billion mezzanine ABS CDO (note this 5% assumpt > read more

Bank of America Fighting to Reverse Foreclosure Freeze in Nevada « naked capitalism#comment-311098

Published on 2011-01-29 23:04:44

Of course they are fighting to reverse the ruling!.......Why? Because they will be busted for years of fraud and illegal foreclosures if the ruling does not get reversed. The issues is not just about rule of law. It is about property rights in ou > read more

Common Sense: Will Google Survive Facebook? - WSJ.com

Published on 2011-01-29 22:22:38

Links Interesting speculation that Google is worried about Facebook competition. Common Sense: Will Google Survive Facebook? - WSJ.com Vupoint Magic Wand Scanner Flip Pal Portable Scanner NeatDesk and Neatworks Try Neat! > read more

Housing bad, Consumer confidence good… What gives?

Published on 2011-01-28 17:14:41

Housing bad, Consumer confidence good… What gives? Make big money in penny stocks today > read more

Normal Recovery? No Way

Published on 2011-01-28 17:14:16

Normal Recovery? No Way Make big money in penny stocks today > read more

Quantitative Easing Is Causing Food Prices to Skyrocket → Washington's Blog

Published on 2011-01-28 17:12:15

Quantitative Easing Is Causing Food Prices to Skyrocket → Washington's Blog Make big money in penny stocks today > read more

THE HOUSE OF FRAUD STARTS TO FALL: MERS’ PRESIDENT QUITS, JUDGES ORDERING PRODUCTION OF MERS AND TRUST DISCOVERY IN SECURITIZATION CASES

Published on 2011-01-28 17:10:03

THE HOUSE OF FRAUD STARTS TO FALL: MERS’ PRESIDENT QUITS, JUDGES ORDERING PRODUCTION OF MERS AND TRUST DISCOVERY IN SECURITIZATION CASES Make big money in penny stocks today > read more

Daniel Pennell: Mortgage Shenanigans in Virginia (The Wall Street – Washington – Richmond Axes)

Published on 2011-01-28 16:50:05

Great story about the major scam completed by the banks with the creation of MERS. This was there play to skirt paying fees to municipalities when transferring title and it was their attempt to eliminate the actual "chain of title" and elimina > read more

Bank of American/Recon Trust

Published on 2011-01-28 04:39:27

From Housing Wire A Nevada county court placed an injunction against a foreclosure by Bank of America (BAC: 13.67 0.00%) and its default management subsidiary ReconTrust on Jan. 20. Robert Lane, a judge in the Nye County District Court, delivere > read more

Foreclusure still growing problem

Published on 2011-01-28 04:28:03

From Housing Wire Wedneday January 26, 2011 Metro areas with the 10 highest foreclosure rates saw filings decrease in 2010, but for nearly everywhere else activity was on the rise, according to RealtyTrac, which tracked activity in 206 cities across > read more

Goldman president warns on bank rules

Published on 2011-01-28 04:22:12

Goldman president warns on bank rules Make big money in penny stocks today > read more

US Trustee Motion in CT for 2004 Examination

Published on 2011-01-28 04:20:45

US Trustee Motion in CT for 2004 Examination > read more

Stay on Forecllosures from BOA/Recon Trust until Feb 28 2011

Published on 2011-01-26 16:27:24

UPDATE Judge orders stay on foreclosures by BOA/Recon trust until February 28, 2011. Evidently there is question as to whether or not Recon Trust has the right to foreclose and if they actually are the legal party of record. It will be ve > read more

Nevada Judge official Court order on foreclosures by BOA/Recon trust

Published on 2011-01-26 16:22:15

North w Make big money in penny stocks today > read more

Case-Shiller numbers confirm housing double dip

Published on 2011-01-26 16:07:37

Case-Shiller numbers confirm housing double dip Make big money in penny stocks today > read more

States May Require Redocumenting Loans in Foreclosure - American Banker Article

Published on 2011-01-26 16:04:56

States May Require Redocumenting Loans in Foreclosure - American Banker Article Make big money in penny stocks today > read more

FCIC Insiders Say Report Gives Wall Street a Free Pass, Simply Sought to Validate Conventional Wisdom About Crisis

Published on 2011-01-26 15:57:30

FCIC Insiders Say Report Gives Wall Street a Free Pass, Simply Sought to Validate Conventional Wisdom About Crisis > read more

American Lose Faith in Pretty Much All Big Organizations, Especially Banks and Corporations « naked capitalism

Published on 2011-01-26 03:39:52

From the Financial Times and Naked Capitalism Just 46 per cent of Americans last year said they trusted business, down eight points from 2009, according to research by Edelman, a communications consultancy, which will be presented on Wednesday. Globa > read more

Judge tells Bank of America to stop all Nevada foreclosures - KTNV ABC,Channel 13,Las Vegas,Nevada,News,Weather,Sports,Entertainment,KTNV.com,Action News .:.

Published on 2011-01-25 19:10:16

This is another development in the foreclosure crisis in Nevada. A judge in Nye county sited irreparable harm was being done to homeowners during foreclosure process. There is even question as to whether Recon Trust, BOA foreclosure division, is ev > read more

Bankers to Lobby Against New Rules - WSJ.com

Published on 2011-01-25 13:47:03

Bankers to Lobby Against New Rules - WSJ.com Of course the banks are lobby against new rules. I am sure it another self serving ploy that will give bankers a way out when they come back for another bailout. They will use the new rules as the ancho > read more

Economist's View: "Zero-Interest Policies as Hidden Subsidies to Banks"

Published on 2011-01-25 06:18:29

Economist's View: "Zero-Interest Policies as Hidden Subsidies to Banks" Make big money in penny stocks today Shell game: Zero-interest policies as hidden subsidies to banks, by Axel Leijonhufvud, Vox EU: The two pioneers of modern monetary eco > read more

Will WikiLeaks’ Early 2011 “Big American Bank” Leak Be BAC? Trading the Threat « Dealbreaker: A Wall Street Tabloid – Business News Headlines and Financial Gossip

Published on 2011-01-25 05:54:23

Will WikiLeaks’ Early 2011 “Big American Bank” Leak Be BAC? Trading the Threat « Dealbreaker: A Wall Street Tabloid – Business News Headlines and Financial Gossip > read more

The State of the Union: What the President Should Say

Published on 2011-01-24 03:01:48

The State of the Union: What the President Should Say > read more

Myth of no inflation

Published on 2011-01-23 15:47:42

Number of the Week: Americans Dipping Into Savings - Real Time Economics - WSJ: "The less money they have for a rainy day, the more vulnerable they will be to job losses and other income shocks. As we have learned in the most recent crisis, credit > read more

Myth of no inflation

Published on 2011-01-23 15:47:41

Number of the Week: Americans Dipping Into Savings - Real Time Economics - WSJ: "The less money they have for a rainy day, the more vulnerable they will be to job losses and other income shocks. As we have learned in the most recent crisis, credit > read more

Number of the Week: Americans Dipping Into Savings - Real Time Economics - WSJ

Published on 2011-01-23 15:41:40

Mixed messages from the government regarding the need for people to save. The question has arisen whether or not the Fed is making it impossible for people to save by keeping interest rates near zero. Sitting on your money right now in a savings ac > read more

Gingrich Touting State Bankruptcy Bill to Gut Pensions

Published on 2011-01-22 23:30:09

Gingrich Touting State Bankruptcy Bill to Gut Pensions Make big money in penny stocks today > read more

Wells Fargo Sues EMC as Trustees Start Playing Ball with RMBS Investors; Servicers Still Holding Out

Published on 2011-01-22 23:01:57

We might be seeing a break through in the Mortgage finance as a few of the big money banks start battling each other. The Parent company to EMC is JP Morgan. Even though they have connections in the White House now it might not be enough to stop th > read more

Over 170 Million Watch Video Online With Little Promise For Profit - 24/7 Wall St.

Published on 2011-01-22 22:50:12

Over 170 Million Watch Video Online With Little Promise For Profit - 24/7 Wall St. Make big money in penny stocks today > read more

Meta cell phone analysis: Text more, talk less

Published on 2011-01-22 05:49:52

Meta cell phone analysis: Text more, talk less Make big money in penny stocks today > read more

HP proposes new probe into Hurd's departure

Published on 2011-01-22 05:47:03

HP proposes new probe into Hurd's departure > read more

Facebook coughs up information on Goldman deal

Published on 2011-01-22 05:37:00

Facebook coughs up information on Goldman deal Make big money in penny stocks today > read more

Google ready for action against content farms | Relevant Results - CNET News

Published on 2011-01-22 05:35:37

Google ready for action against content farms Relevant Results - CNET News > read more

Matt Stoller: The Real China Problem Runs Through JPM and Goldman

Published on 2011-01-21 17:03:34

Matt Stoller: The Real China Problem Runs Through JPM and Goldman Make big money in penny stocks today > read more

Mass Supreme Court to Consider Whether Buyers Out of Faulty Foreclosures Actually Own Property

Published on 2011-01-21 17:03:07

Mass Supreme Court to Consider Whether Buyers Out of Faulty Foreclosures Actually Own Property Make big money in penny stocks today > read more

Guest Post: “The Vast Majority Of This Contraction Of Credit Availability To American Industry Has Been By The Larger Banks”

Published on 2011-01-21 16:59:31

Guest Post: “The Vast Majority Of This Contraction Of Credit Availability To American Industry Has Been By The Larger Banks” Make big money in penny stocks today Bank Board Member Proposes Legislation in Virginia to Change UCC to Help Banks > read more

More Evidence of Undercapitalization/Insolvency of Major Banks

Published on 2011-01-21 16:54:58

More Evidence of Undercapitalization/Insolvency of Major Banks > read more

Learning to trade stocks: The Importance of Open Interest When Trading Options | TradingMarkets.com

Published on 2011-01-20 20:47:40

Learning to trade stocks: The Importance of Open Interest When Trading Options TradingMarkets.com > read more

Larry Page taking over as Google CEO, Eric Schmidt will remain as Executive Chairman -- Engadget

Published on 2011-01-20 20:17:34

Larry Page taking over as Google CEO, Eric Schmidt will remain as Executive Chairman -- Engadget Make big money in penny stocks today > read more

Customers Close Accounts To Protest Wall Street, Abusive Lending Practices

Published on 2011-01-20 20:01:30

Interesting story found at the Huffington Post. It is a small number to the big name banks but at least some people are letting them know how unhappy they are about the irresponsible banking behavior. It looks as though the push back against t > read more

JPMorgan Chase Wrongly Forecloses On Military Families (VIDEO)

Published on 2011-01-20 00:51:12

JPMorgan Chase Wrongly Forecloses On Military Families (VIDEO) > read more

Mortgage Insurers Fall After MGIC Results

Published on 2011-01-19 13:29:18

Mortgage Insurers Fall After MGIC Results Make big money in penny stocks today > read more

Facebook Flop Riles Goldman Clients

Published on 2011-01-19 13:28:08

Facebook Flop Riles Goldman Clients Make big money in penny stocks today > read more

Wells Fargo Net Rises

Published on 2011-01-19 13:20:17

Wells Fargo Net Rises Make big money in penny stocks today > read more

American Express to Cut Jobs

Published on 2011-01-19 13:13:52

American Express to Cut Jobs Make big money in penny stocks today > read more

Goldman Profit Slides

Published on 2011-01-19 13:12:01

Goldman Profit Slides Make big money in penny stocks today > read more

Guest Post: Most Economists Fall Back Into Neoclassical Stupor … “If They Don’t Know Anything, Then Why Should We Listen To Them?”

Published on 2011-01-19 13:03:45

Another great post on Washington's Blog, first view at Naked Capitalism. Guest Post: Most Economists Fall Back Into Neoclassical Stupor … “If They Don’t Know Anything, Then Why Should We Listen To Them?” Is it possibly time to > read more

MERS Admits NO Interest in Mortgage and No Loss On Default « Livinglies's Weblog

Published on 2011-01-18 01:22:06

MERS Admits NO Interest in Mortgage and No Loss On Default « Livinglies's Weblog Make big money in penny stocks today By Mark Mausert, Nevada mark@markmausertlaw.com 2010/03/07 at 8:24pm On September 25, 2009, R.K. Arnold, the President and CEO > read more

The Dangers of Investment Bank Franchise Model, by Yves Smith posted on Naked Capitalism

Published on 2011-01-18 00:52:41

Make big money in penny stocks today This is another fantastic Article by Yves Smith, the owner of Naked Capitalism Web Site and Author of the fantastic book Econned. Econned is a book that everyone should read. I added a few underl > read more

Pending Legislation in VA Would Give End Use of MERS, Give Borrowers More Foreclosure Defenses « naked capitalism

Published on 2011-01-18 00:35:08

Pending Legislation in VA Would Give End Use of MERS, Give Borrowers More Foreclosure Defenses « naked capitalism Make big money in penny stocks today Legislation may be moving toward more common sense regarding the chain of title abuses t > read more

BANKS DESPERATE TO GET AWAY WITH NOT HAVING POSSESSION OF ORIGINAL DOCUMENTS, DIG INTO STATUTES AND ADD THEM TO ALL DOCUMENTS

Published on 2011-01-17 23:58:15

LEARN TO SCORE WITH PENNY STOCKS HERE BANKS DESPERATE TO GET AWAY WITH NOT HAVING POSSESSION OF ORIGINAL DOCUMENTS, DIG INTO STATUTES AND ADD THEM TO ALL DOCUMENTS NRS 104.3309 Enforcement of lost, destroyed or stolen instrument. 1. A person not i > read more

Big Lenders May Lose With Simpler Mortgage Disclosure

Published on 2011-01-17 06:44:52

Big Lenders May Lose With Simpler Mortgage Disclosure Penny STock Profits Here The Flip Pal is revolutionizing the scanning business. > read more

More banks walking away from homes, adding to housing crisis - Chicago Tribune

Published on 2011-01-17 06:36:35

More banks walking away from homes, adding to housing crisis - Chicago Tribune Interesting story here. Wonder how many people were kicked out in foreclosure to have the bank just walk away from the property? Still makes no sense for the banks to not > read more

Guest Post: “The Fed No Longer Even Denies that the Purpose of Its Latest Blast of Bond Purchases … Is To Drive Up Wall Street

Published on 2011-01-16 21:49:38

This is true on many levels. the Fed, along with the banks know they will not be challenged so why would they try to hid their ridiculous policies. Guest Post: “The Fed No Longer Even Denies that the Purpose of Its Latest Blast of Bond Purchases > read more

Same old Same old with TBTF banks

Published on 2011-01-16 21:37:31

Number of the Week: Big Banks Gobble Up Market Share - Real Time Economics - WSJ: "13.3%: Assets of the top five U.S. banks as a percentage of all U.S. financial firms’ assets. Size has advantages. But in the case of the biggest U.S. banks, it coul > read more

States Where Housing Will Rebound First - Real Time Economics - WSJ

Published on 2011-01-16 21:30:10

Here is an article on which states may see housing recovery first. I am not sure if they first three could actually have a recovery when they didn't seem to have a meltdown like most parts of the USA. But the Article might be interesting for real est > read more

Number of the Week: Big Banks Gobble Up Market Share - Real Time Economics - WSJ

Published on 2011-01-16 21:09:13

Number of the Week: Big Banks Gobble Up Market Share - Real Time Economics - WSJ: "Banks can use a lot of debt — as opposed to equity, or capital — in large part because it allows them to play a heads-I-win-tails-you-lose game with taxpayers. In > read more

Evidence of an American Plutocracy: The Larry Summers Story

Published on 2011-01-16 20:41:27

Evidence of an American Plutocracy: The Larry Summers Story > read more

Banks thumb nose at PPIP, already flush from TARP

Published on 2011-01-15 00:58:12

Click Here To Get Rich Trading Penny Stocks Banks behaving like spoiled children. Here is a great story on the PPIP program that was again another attempt to relieve the TARP banks from their toxic assets. The program was just another effort > read more

Published on 2011-01-14 14:03:53

PENNY STOCK PROPHETS > read more

Coinstar plunge isn't surprising

Published on 2011-01-14 14:00:16

CoinStar missed estimates today and guided lower and the stock has gotten hammered in after hours trading. I was never a fan of Coinstar for the long term because I thought their service of counting coins was ridiculously over priced. It > read more

NYT: Banks poised for dividends after 3-year gap - Business - The New York Times - msnbc.com

Published on 2011-01-14 05:12:16

Banks on a role. Amazing what trillions of dollars in bailout money will do to get you through a recession. Our government and citizens do not have the will to hold the banks accountable for their law breaking activity, regardless of the damage they > read more

Bill Gross Elaborates On His “US Policy Makers Are Praying Mantises Having Sex With Us And Then Biting Our Heads Off” Metaphor « Dealbreaker: A Wall Street Tabloid – Business News Headlines and Financial Gossip

Published on 2011-01-14 03:42:32

Interesting Quote from Bill Gross. I see the humor in it but I am surprised that Gross has had enough of the current policies. Pimco seemed to be benefiting from some of the over zealous spending. You can follow the link and read the full story. Bill > read more

Massachusetts Supreme Court voids foreclosures - Jan. 7, 2011

Published on 2011-01-12 23:40:05

Massachusetts Supreme Court voids foreclosures - Jan. 7, 2011 Mass. Supreme court will not allow bank to foreclose without proper evidence of title. The Foreclosure fiasco is exactly right. It is hard to believe the only reason this ended up in court > read more

Moody's lowers ratings at Citigroup, Citibank - MarketWatch

Published on 2011-01-12 22:11:17

Moody's lowers ratings at Citigroup, Citibank - MarketWatch > read more

Investor optimism may be rising too fast MarketWatch First Take - MarketWatch

Published on 2011-01-12 20:23:35

Investor optimism may be rising too fast MarketWatch First Take - MarketWatch > read more

Pending Massachusetts Supreme Court Ruling May Invalidate Securitization Mortgage Transfers « naked capitalism

Published on 2011-01-06 14:30:56

Image via WikipediaPending Massachusetts Suprem Court Ruling From Naked Capitalism Pending Massachusetts Supreme Court Ruling May Invalidate Securitization Mortgage Transfers « naked capitalism: "The fight between homeowners and banks before the Sup > read more

Banking and mortgage industry has not changed, regulators hide out afraid to cross the TBTF companies

Published on 2011-01-05 22:45:42

Image by Getty Images via @daylifeThese two stories are evidence that nothing has changed in the banking world and the bankers are walking away with bonuses in hand ready to gamble another day. We have seen months of criminal activity that can > read more

Dylan Ratigan tells the truth about foreclosures, fraud and other abuses by Banks and Servicers

Published on 2011-01-05 05:53:12

Ratigan pulls no punches and comes right out and says the banks run the government. Few people on television or in print have had the nerve to tell the truth about what has happened to our "free market" system that has allowed fraud, faulty for > read more

Government likely to change more laws to faver the banking industry

Published on 2011-01-04 19:54:07

From the Huffington Post and Mary Bottari With a $4.7 trillion bailout under their belts and no harm done to their billion-dollar bonuses, don't expect Wall Street bankers to be chastened by the 2008 financial crisis. Below we list eight things to wa > read more

brain washed by lenders and the government revised

Published on 2010-12-31 15:14:23

Revision of post from several months ago. Americans Have Been Brainwashed by the Government and Financial Institutions. This is one more story that reveals the manipulation of the financial system by Wall Street and Washington.&nbs > read more