Guest Post: Mortgages Were Pledged to Multiple Buyers at the Same Time from naked capitalism by Yves Smith 2 people liked this By George Washington Bank of America alleged in a court filing this June: It appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies . [...]
This site is dedicated to providing historical and current education and information about the US banking system, banks, and their relationship to the lives and well being of the people of the United States and around the world.
- If you’re new to the site we suggest you click here to get started.
- You may wish to start with these powerful short video interviews of William Black on the Mortgage Control Fraud of the Lenders:
NakedCapitalism: Cook County Sheriff Refuses to Execute Foreclosures on Behalf of banks that Suspended Foreclosures
Here it comes – the actual parties who must enforce the laws say that the laws must be upheld – imagine! What a GREAT guy!Â He wants to know that any foreclosures he executes are not fraudulent – and that is a good point – as he could be potentially liable if they are not! [...]
Michael Hudson On CounterPunch: Why the U.S. has Launched a New Financial World War – and How the Rest of teh World Will Fight Back
Why the U.S. has Launched a New Financial World War — And How the the Rest of the World Will Fight Back By MICHAEL HUDSON â€œComing events cast their shadows forward.â€ â€“ Goethe What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on their computer [...]
How can we express our appreciation for Yves Smith and nakedcaptialism – They are just so awesome. Just more evidence of their logical and rational approach to this whole mess: Investor Alert: It Isnâ€™t Just Borrowers That Are Suffering At Servicer Hands from naked capitalism by Yves Smith By MBSGuy, a securitization expert In comments [...]
Bill Isaac VS Hank Paulson from The Daily Bail Â« Bill Isaac Vs. Hank Paulson’s Bailout Machine — How The Former FDIC Chairman ALMOST StoppedÂ TARP Â» By Dr. Pitchfork The little-known story behind the House’s initial rejection of TARP from Bill Isaac’s new book Senseless Panic. — Bill Isaac was Chairman of the FDIC from [...]
Volatility Blog on Propaganda on Foreclosure Fraud: If you Have not Figured Out This is a War Against the People You are Still Asleep
This piece was also posted at nakedcaptialism as a guest post – it is through that blog that we first found Volatility – a great site and this piece is seriously direct on target. “So long as the government is the water boy of the banks.” – that’s one piece… this next quote is pretty [...]
The fraud and criminal activity of the foreclosure process has now begun to roll out into the media- and through the Attorney General’s offices:Â This one is from Florida – the hotbed of the fraudclosure wars where homeowners have been routinely having their homes stolen from them with blatantly fraudulent documents. How much more of [...]
This might not be the smoothest rap ever but it is the clearest one session story of the truth of how it really all went down and every detail is right on the money, all the way to the 10K loan mod fee that ends up being eaten for nothing in a foreclosre that was [...]
There is going to be a backlash of media now claiming that robo signers and other ‘errors’ are all simply procedureal in nature.Â This piece from naked Capitalsim makes plain that the larger question is still being ignored and must not be. Don’t let the denial peddlers fool you. Keep watching the ball. It is [...]