Jeff Thigpen | How One Local Official in North Carolina Is Trying to Hold Wall Street Giants Accountable for Widespread Fraud (AUDIO)
How One Local Official in North Carolina Is Trying to Hold Wall Street Giants Accountable for Widespread Fraud Jeff Thigpen is trying to restore the rule of law in one North Carolina county. When Wall Street hustlers figured out a scheme to make a fortune trading home mortgages in the 1990s, they faced some legal … Read more
Gretchen Morgenson: Wall Street Really Does Enjoy A Different Set of Rules Than The Rest of Us (PODCAST)
Gretchen Morgenson has earned a Pulitzer-winning career from exposing abuse and conflicts of interest on Wall Street. In this interview, she confirms that there is indeed a second set of rules that our elite financial institutions enjoy, largely unfettered by the constraints that apply to the rest of us. Consequences for failure and fraud are … Read more
John O’Brien, Southern Essex Register of Deeds, Wants to Sue Over Mortgage Mess
“I’ve waited for orders from above for long enough,” he says. “I have an obligation to my constituents. I’m derelict in my duties if I don’t go after this. I’m 99.9 percent sure I’m going to go ahead and do what I think I have the authority to do, and if I’m wrong, prove me … Read more
Less than 3 Percent of Over 4 Million Homeowners Accept Free “Independent” Foreclosure Fraud Review
Few homeowners accept free foreclosure-fraud review By Kimberly Miller Palm Beach Post Staff Writer Less than 3 percent of more than 4 million homeowners eligible for a free fraud review of their foreclosure have taken the government up on the offer, even though it could mean monetary compensation, a credit report fix or a loan … Read more
Florida Foreclosure Crisis Hits Courts Hard Too, Not Just Homeowners, Real Estate Agents and Banks
Florida foreclosure crisis hits courts hard too, not just homeowners, real estate agents and banks TALLAHASSEE — Florida’s foreclosure crisis has affected more than homeowners, real estate agents and banks. It has put the courts in a bind, and this year forced state legislators to reverse the way the third branch of government is funded, … Read more
Acting Comptroller of the Currency Talks About Efforts to Fix Foreclosure Practices at the 2012 Interagency Community Reinvestment Conference
Acting Comptroller of the Currency Talks About Efforts to Fix Foreclosure Practices at the 2012 Interagency Community Reinvestment Conference John G. Walsh Acting Comptroller of the Currency John Walsh became acting Comptroller of the Currency on August 15, 2010. The Comptroller of the Currency is the chief executive of the Office of the Comptroller of … Read more
Stand with Monique and Call for a Stop to Her Eviction
What would you do if someone tried to steal your home? Would you let them have it? Or would you fight back against the bank? Monique White of Minneapolis, Minnesota doesn’t have to wonder how she would respond. When US Bank and Freddie Mac started to foreclose on her home, she fought back. When Monique … Read more
William Black | “The only winning move is not to play” – the insanity of the regulatory race to the bottom
“The only winning move is not to play”—the insanity of the regulatory race to the bottom The plot of the movie WarGames (1983) involves a slacker hacker (played by Matthew Broderick) who starts playing the game “Global Thermonuclear War” with Joshua, a Department of Defense (DoD) supercomputer that has been given partial control by DoD … Read more
