FINALLY! A Real Reporter Dissects the Flawed Foreclosure Data…
FINALLY! A Real Reporter Dissects the Flawed Foreclosure Data…. There’s a regular ritual that the mainstream press, news and policy makers engage in. Private companies release press releases that suggest DRAMATIC TRENDS IN REAL ESTATE IN…..(PICK YOUR MARKET)! It works like this: FORECLOSURES IN TAMPA INCREASED 2139% IN JUNE 2012! HOME PRICES SURGE 456% IN … Read more
Berkshire Bank Files Libor Lawsuit – “Libor could well be the asbestos claims of this century.”
“Libor could well be the asbestos claims of this century.” James Cox, law professor ~ New York Lender Files Libor Lawsuit In the latest sign of the potential legal vulnerability facing banks ensnared in the world-wide probe of interest-rate manipulation, a New York lender alleges in a lawsuit that it was cheated out of interest … Read more
Libor, Mortgage Rates and Wall Street – Fair Game
Changed by Wall Street, for Wall Street AND so Liborgate drags on and on and on. Last week, two senior Washington officials — Timothy F. Geithner, the Treasury secretary, and Gary Gensler, the head of the Commodity Futures Trading Commission — testified before Congress about the scandal surrounding Libor, the benchmark for global interest rates. … Read more
Yikes! | Pam Bondi makes Mitt Romney’s V.P. Shortlist?
As most of you know, Bondi is not a friend to some on this list and is definitely not a friend to our fight against unnecessary/fraudulent and illegal foreclosures. ~ Could This Woman Be On Mitt Romney’s V.P. Shortlist? As Mitt Romney draws closer to a decision about his 2012 running mate, speculation about who … Read more
Chicago Explores Eminent Domain Mortgage Seizure for Underwater Properties
City of Chicago Ordinances Eminent Domain On July 25, the City of Chicago City Council heard a resolution calling for a “hearing concerning the implementation of a program under which the City of Chicago would acquire underwater mortgages through eminent domain.” Eminent Domain The resolution states “that the Corporation Counsel, the Commissioner of the Department … Read more
Cummings Issues Statement on DOJ, OCC Settlement Against Capital One for Violating the Rights of Servicemembers
Cummings Issues Statement on DOJ, OCC Settlement Against Capital One for Violating the Rights of Servicemembers Washington, DC (July 26, 2012)—Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued a statement today in response to an announcement by the Department of Justice and the Office of the Comptroller … Read more
KABOOM | COURSEN vs JP MORGAN CHASE, FIDELITY NATIONAL FINANCIAL (FNF) MTD DENIED – RICO, Racketeering, Perjury, Fraud, Sham, Fabricated, Manufactured Evidence
UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF FLORIDA TAMPA DIVISION ELIZABETH H. COURSEN, Plaintiff, v. JP MORGAN CHASE & CO., et al., Defendants. Motion to Dismiss DENIED – RICO, Racketeering, Perjury, Fraud, Sham, Fabricated, Manufactured Evidence BIG, BIG, BIG WIN A FLA Fed court accepted arguments of “manufactured default” allowed discovery to establish that FNF, … Read more
Numerous Top Bankers Call for Break Up of Giant Banks
Banking Titans Call for Break Up of “Too Big to Fail” The following bankers are calling for the big banks to be broken up: Former Citi CEO Sandy Weill Former Citi CEO John Reed Former Citi chairman Richard Parsons Former Merrill Lynch chairman and CEO David Komansky Former Morgan Stanley CEO Philip Purcell Former managing … Read more
Corrupt Government Officials Should Be In Jail… Alongside Corrupt Banksters
Sigtarp: “I Hope We See People in Handcuffs” Wall Street fraud caused the Great Depression and the current financial crisis. Top economists and financial experts agree that our economy will never recover unless Wall Street fraud is prosecuted. Yet the government has more or less made it official policy not to prosecute fraud, and instead … Read more
REVEALED | Corzine’s MF Global Was Client of Eric Holder’s Law Firm
REVEALED: Corzine’s MF Global Was Client of Eric Holder’s Law Firm Those wondering why the Department of Justice has refused to go after Jon Corzine for the vaporization of $1.6 billion in MF Global client funds need look no further than the documents uncovered by the Government Accountability Institute that reveal that the now-defunct MF … Read more
“I Hope We See People (Geithner) In Handcuffs” | Neil Barofsky Weighs in on LIBOR Scandal (VIDEO)
“I Hope We See People In Handcuffs”: Neil Barofsky Weighs in on LIBOR Scandal It was a “message to the banks ‘if we commit fraud, we break the rules, don’t worry, we’re too big — they’ll never bring the appropriate steps against us,’” Barofsky says in an interview with The Daily Ticker. “And that is … Read more
Chase Burning Artist, Alex Schaefer, Arrested for Chalking on Sidewalk (VIDEO)
“Do this (sidewalk chalking) at the place where they’re committing the crime.” ~ Alex Schaefer’s Chalking Protest Artist Alex Schaefer chalking as his act of civil disobedience against the collusion between banks and state. Guess how many cops it takes to stop this madman…. For more on Alex see the link below… Well worth the … Read more
Sheila Bair is ‘Flabbergasted’ by Weill’s Comments to Break Up the Big Banks (VIDEO)
Bair is ‘Flabbergasted’ by Weill’s Big Banks Comments Discussing Sanford Weill’s remarks on going back to Glass-Steagall, with Sheila Bair, former FDIC chairman. ~ 4closureFraud.org Tweet
Adam Levitin | Geithner on Financial Crimes: The Dog Ate My Homework
Geithner on Financial Crimes: The Dog Ate My Homework If I rob a federally insured bank and make off with $20,000, I’m facing years of federal prison time. If I defraud federal insurance programs, be they FHA or Medicaid, I’m also facing years of prison. If I engage in insider trading, I could also be … Read more
No Worries | Deutsche Bank’s Internal Libor Investigation Finds Deutsche Bank Mostly Innocent
Deutsche Bank’s Internal Libor Investigation Finds Deutsche Bank Mostly Innocent Great news, you guys. We can go ahead and scratch at least one bank off the list of egregious interest-rate manipulators. That’s because this bank has heroically determined that it is totally innocent. Almost totally, anyway. Reuters reports that Deutsche Bank, the biggest German bank, … Read more
Foreclosure Filings Increase in 60% of Large U.S. Cities
Foreclosure Filings Increase in 60% of Large U.S. Cities Foreclosure filings rose in almost 60 percent of large U.S. cities in the first half of 2012, indicating many areas will have more distressed homes on the market later this year, RealtyTrac Inc. reported. More than 1 million homes in metropolitan areas with populations of … Read more
Barclays Case Opens a Window on Wall St.
The British, at Least, Are Getting Tough THE unfolding story of how Barclays — and, in all likelihood, other big banks — rigged interest rates is full of telling tidbits about the way Wall Street works. It also represents yet another teachable moment. By now the world knows that Barclays manipulated the most widely used … Read more
GOP Lawmakers Blast Geithner’s Handling of Libor Scandal – Rough Cuts (VIDEO)
GOP Lawmakers Blast Geithner’s Handling of Libor Scandal – Rough Cuts Treasury Secretary Tim Geithner came under withering fire from Republicans on a House panel Wednesday who said he should have done more about Libor manipulation when he was the New York Federal Reserve president. ~ 4closureFraud.org Tweet
Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount
Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount Timothy Geithner claimed on Wednesday that the government had no choice during the financial crisis but to lend to banks and AIG using an interest rate, Libor, that everybody knew was flawed. Call it a back-door bailout: By using an artificially low … Read more
Ohio Bombshell | Former AG takes on LPS, Mills & Servicers
BOMBSHELL: CLASS ACTION COMPLAINT filed in Cuyahoga County (Cleveland) MARC DANN (Former OHIO AG) of DANN, DOBERDRUK & WELLEN, LLC Explosive Legal News: Cuyahoga County: Court of Common Pleas Case: 2012 CV 787639 Judge: Michael Donnelly Jury Trial Demanded Linda Clark, Doehner, Lowery, Whiteman, Yeager Plaintiffs VS. Lender Processing Services (LPS) LPS Default Solutions DOCX … Read more
