Drones to Patrol Skies, Ground During Republican Convention
“The Wraiths, also built by United Drones, have the capability of carrying surveillance cameras and even lethal and non-lethal weapons.” ~ Drones to patrol skies over Republican convention TAMPA — Security-conscious authorities will be using a wide variety of devices and technology to monitor the skies, streets and waterways around Tampa during next week’s Republican … Read more
REPORT | FHFA’s Certifications for the Preferred Stock Purchase Agreements w/ Fannie & Freddie
FHFA’s Certifications for the Preferred Stock Purchase Agreements The FHFA’s Office of Inspector General has issued a report assessing whether the FHFA has fulfilled its Senior Preferred Stock Purchase Agreement (PSPA) commitments. Following the housing crisis in 2008, the Treasury Department invested more than $187 billion in Government-Sponsored Enterprises Fannie and Freddie pursuant to the … Read more
NPR Runs Bank of America PR Piece, Neglects to Explain Why Bank is Donating Foreclosed Homes
NPR Runs Bank of America PR Piece, Neglects to Explain Why Bank is Donating Foreclosed Homes NPR ran a sappy story yesterday about Bank of America donating foreclosed homes, which got a critical response in their comment section. Here’s a representative sample of the comments: This was a poorly researched, uncritical story by NPR. Why … Read more
Quelle Surprise! Former JP Morgan Chairman Offers Dubious Defenses of Big Banks
Quelle Surprise! Former JP Morgan Chairman Offers Dubious Defenses of Big Banks Ordinarily, it might not seem worth the bother to debunk yet another piece of bank propaganda. However Thursday’s op ed by former JP Morgan Chase chairman William Harrison, “Don’t Break Up the Big Banks,” recites a classic set of time-worn canards. As regulatory … Read more
Judge to Consider Use of Fraudclosure Settlement Money in Arizona
Judge considers use of mortgage settlement money PHOENIX (AP) — While critics say the money should be used to help mortgage borrowers, a lawyer for the state said Wednesday that Arizona is entitled to use $50 million of its share of a multistate foreclosure settlement paid by lenders to help balance the state budget because … Read more
AG Coakley Warns Fannie Mae, Freddie Mac to Comply with Massachusetts Loan Modification Law
AG Coakley Warns Fannie Mae, Freddie Mac to Comply with Massachusetts Loan Modification Law BOSTON, Aug. 23 — The Massachusetts Attorney General issued the following news release: Fannie Mae and Freddie Mac will be required to offer commercially reasonable loan modifications under Massachusetts’ recently passed loan modification statute, Attorney General Martha Coakley stated today in … Read more
HSBC in Settlement Talks With U.S. Over Money Laundering
HSBC in Settlement Talks With U.S. Over Money Laundering HSBC Holdings Plc (HSBA), which is under investigation by U.S. regulators for laundering funds of sanctioned nations including Iran and Sudan, is in talks to settle the matter, two people with knowledge of the case said. The bank, Europe’s largest by market value, made a $700 … Read more
Matt Taibbi: If an Individual on Wall Street was Punished, Banks Would Take Note (VIDEO)
In this “Viewpoint” Web exclusive, Matt Taibbi, contributing editor for Rolling Stone, talks about how the lack of any individual prosecutions relating to the 2008 financial crisis has emboldened Wall Street. Taibbi recently took to task Attorney General Eric Holder and the Department of Justice for failing to bring any cases against Goldman Sachs in … Read more
Fraudclosure | The Death of Sunny Sheu
The Death of Sunny Sheu The cover-up of the death of an anti-corruption whistleblower by numerous agencies and the mainstream media. In the months following the February killing of Trayvon Martin, that story dominated headlines across the nation and around the world. Mainstream media venues have dedicated thousands of hours and countless pages to every … Read more
