Archive for the ‘Bank News’ Category

Weighing in on the DOJ/AGs Mortgage Fraud Settlement

09 Feb

Here’s a run down of the posts worth reading on the ‘historic’ settlement. Yves Smith gives her top 12 things to hate – we are completely on page with her on every one; especially the first which is very important. Since when does fraud have a simple price association? David Davey gives a comprehensive look […]


DOJ, State AGs Deliver Get Out of Jail For 25B Cards to Banks: What Homeowners Need to Know To Protect Their Rights

09 Feb

Let’s all get a good laugh out of their propaganda headlines first; and then get on to what you need to know about it. Here is the DOJ Press Release on the Bank Bailout, er, ‘Settlement’: We warn you it is heavy with feel good language that may make you want to hurl, but try […]


DocX Senior Exec Indictment in Missouri: HuffPost Reports

08 Feb

Huff Post article on DocX Grand Jury Indictment in Missouri. As some 40 plus Attorneys General consider taking settlements from the big banks; the indictment is a small spark; but it is a spark. Still leaving the people to fend for themselves at this point, however. Robo-Signing Forgery Charge Hits First Top Executive In Financial […]


Push Button Fraud.

07 Feb

Herej’s one that went by a few months ago that is worth repeating in light of the current talk of potential new financial crisis and big banks seeking settlement on their fraudulent behavior. No settlement. Full criminal prosecution – and that starts with investigations. So, we guess that means we have to fire Eric Holder […]


Ellen Brown: Why The AG’s MUST NOT SETTLE; The Hidden Truth Behind the Mortgage/Financial Crisis

06 Feb

Let all your Attorneys General know right now that you do not approve of any settlement with the big banks. PERIOD. This is not an issue of simple robo-signing. This is about system and massive fraud which was at the basis of the entire mortgage and financial scandal. Read this entire article from Ellen Brown […]


Freddie Mac Bets Against Homeowners, Holder & Breuer’s Covington Bank Representing Past: Creating M.E.R.S. Corp

30 Jan

In his latest all out seriously spot on rant, Mandelman brings us the most recent and most recently uncovered crimes in the long list of criminal acts as yet going unpunished in the United States mortgage fraud scandal. That scandal which has devastated our economy, destroyed our housing market and left vast numbers of families […]


Psychopathic Bankers, The Story Expands: Bloomberg and Washington’s Blog

04 Jan

We were very delighted to see this latest post over at Washington’s Blog on the Psychopathy of bankers and others in our currently run amok global financial disaster – nice to see the word is getting around. As we wrote in November, 2011: Corporate Psychopathy: The Root of the Global Financial Crisis? 21 Nov We’ve […]


Charles Hugh Smith: When Things Fall Apart: Disorientation, Desperation, Chaos

09 Dec

When Things Fall Apart: Disorientation, Desperation, Chaos Submitted by Charles Hugh Smith from Of Two Minds When Things Fall Apart: Disorientation, Desperation, Chaos  The global “shadow” banking system is unraveling, with dire consequences for financial assets and failed policies. We’re not used to things falling apart, and so our first reaction is disorientation. What we’ve […]


Foreclosure Shockwave From BofAML’s Michelle Meyer: After 6 Million Foreclosures, We Still Have 8 Million More To Go

05 Dec

As Business Insider Reports, “Michelle Meyer, the well-known housing analyst for BofA/ML, has some bad news:” [...] “The most crucial input to our forecast for construction and home prices is our assumption for foreclosures. Our securitized products research team estimates another eight million homes will be liquidated over the next four years, which adds to […]


How Sweet it is: Fed to Bail Out IMF? Well, Why the Heck Not?

05 Dec

Just when the American people have been given the news that they are soon to be subject to indefinite detainment or detention in foreign prisons without a trial, hearing or any of that ‘messy’ stuff needed in order to conform to the rule of law or the constitution…And just after the latest FED audit has […]

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