Will Rogers: FDR explained “the banking crisis so clearly that even the bankers understood it.”

Will Rogers: FDR explained “the banking crisis so clearly that even the bankers understood it.” h/t Matt Stoller That’s from an amazing podcast between Congressman Brad Miller and Dylan Ratigan, part of the Huffington Post/Dylan Ratigan series this week “No Way to Live”.  The Huffington Post is looking at how housing is crashing muni revenues, … Read more

PB Post | Florida Bar Says Foreclosure Lawyers MUST Report Fraud to Court

“I haven’t seen any widespread problem” ~ If they only would of listened… Florida Bar says foreclosure lawyers must report fraud to court By Christine Stapleton and Kimberly Miller In an opinion that could have unfathomable consequences in countless foreclosure cases, The Florida Bar says attorneys must notify a judge about potential fraud — including … Read more

Search All the Documents in the FCIC’s Treasure Trove

Search All the Documents in the FCIC’s Treasure Trove by Marian Wang ProPublica, Jan. 31, 2011 After the Financial Crisis Inquiry Commission released its final report last Thursday, many considered it a rather lackluster report telling us little more than what we already know. But while the 662-page report may not be a page-turner, the … Read more

Ohio | Local Judges Get Tough on Foreclosure Documents

Local judges get tough on foreclosure documents By John Futty In response to a national outcry over fraudulent foreclosure filings, three Franklin County judges are requiring lawyers to verify that all of the documents in residential-foreclosure actions are valid. Six of the lawyers affected by the order are fighting back. They have asked the Ohio … Read more

Securities Fraud | Fresno County Employees’ Retirement Association v. Countrywide

The Fresno lawsuit accuses Countrywide of having “repeatedly touted its prudent, conservative and risk-managed lending practices,” while abandoning them in a drive for greater market share in a booming housing market that began to collapse four years ago. Once losses began to mount, prices on Countrywide securities plummeted, causing losses of millions of dollars for … Read more