GLAZER v CHASE HOME FINANCE: FDCPA – 6th Circuit Court of Appeals Rules Mortgage Foreclosure is Debt Collection Under the Act

FDCPA – 6th Circuit Court of Appeals Rules Mortgage Foreclosure is Debt Collection Under the Act UNITED STATES COURT OF APPEALS FOR THE SIXTH CIRCUIT _________________ LAWRENCE R. GLAZER, Plaintiff-Appellant, v. CHASE HOME FINANCE LLC; CINDY A. SMITH; REIMER, ARNOVITZ, CHERNEK & JEFFREY CO., L.P.A.; RONALD CHERNEK; and DARRYL E. GORMLEY, Defendants-Appellees. No. 10-3416 Appeal … Read more

Bank of America v. Casey: Paragraph 22 of Mortgage – Substantial Compliance Rejected, “Bring a court action” Language Does Not Substantially Comply

The “Bring a court action” language does not substantially comply with Paragraph 22, says Broward County judge in blistering opinion Substantial compliance rejected A Broward county judge has issued a new ruling, in what I think should be the last word on the matter: defective letters just don’t constitute substantial compliance. Here’s the scorching language … Read more

Kentucky Attorney General Conway Files Suit Against “MERS” In Foreclosure Investigation

Kentucky Attorney General Conway Files Suit Against “MERS” In Foreclosure Investigation Attorney General Jack Conway announced that his office filed a lawsuit today in Franklin Circuit Court against MERSCORP Holdings, Inc., and its wholly owned subsidiary Mortgage Electronic Registration Systems, Inc. (MERS) for violations of Kentucky law. The lawsuit is a result of General Conway’s … Read more

Explosive Charge: Morgan Stanley Peddled Security Its Own Employee Called ‘Nuclear Holocaust’

Explosive Charge: Morgan Stanley Peddled Security Its Own Employee Called ‘Nuclear Holocaust’ On March 16, 2007, Morgan Stanley employees working on one of the toxic assets that helped blow up the world economy discussed what to name it. Among the team members’ suggestions: “Subprime Meltdown,” “Hitman,” “Nuclear Holocaust,” “Mike Tyson’s Punchout,” and the simple-yet-direct: “Shitbag.” … Read more

Honest Rating Agency, Egan-Jones, Is Punished for Telling the Truth, Barred From Rating The US And Other Governments

While Hooey-Peddling Agencies Are Rewarded The big 3 government backed ratings agencies (technically known as Nationally Recognized Statistical Rating Organization) – S&P, Moody’s and Fitch – all committed massive fraud, which was a prime cause of the 2008 economic crash. They took bribes for higher ratings, “sold their soul“, engaged in a “culture of covering … Read more

Psywar – The Real Battlefield is the Mind (DOCUMENTARY)

This film explores the evolution of propaganda and public relations in the United States, with an emphasis on the elitist theory of democracy and the relationship between war, propaganda and class. Includes original interviews with a number of dissident scholars including Noam Chomsky, Howard Zinn, Michael Parenti, Peter Phillips (Project Censored), John Stauber (PR Watch), … Read more

Squatting in Style: 23-Year-Old Occupies Foreclosed $2.5 Million Boca FL Home

“We’re all going crazy, trying to figure out what to do,” she said. “It’s unbelievable that it can be done. Plus, if they’ve got the balls to break in the house, what’s to prevent them from coming over here?” ~ Squatting in style: 23-year-old occupies empty $2.5 million Boca home Boca Raton — Andre Barbosa … Read more

No Details Yet on How Bulk of Florida’s $334 Million Fraudclosure Settlement Will be Spent

No details yet on how bulk of $334 million foreclosure settlement will be spent GOP legislative leaders vowed that $200 million from a mortgage foreclosure settlement will be spent on helping homeowners but said they do not know yet how they will divvy up the money. “We’re not going to be spending this money on … Read more

DoJ “Will Never Cooperate” with Frontline Again After Airing of “Hit Piece” Untouchables

DoJ “Will Never Cooperate” with Frontline Again After Airing of “Hit Piece” Untouchables Via twitter pics- http://t.co/j6We5E6m ~ 4closureFraud.org Tweet

Lanny Breuer, Justice Department Criminal Division Chief, is Stepping Down After FRONTLINE Untouchables Report

Lanny Breuer, Justice Department Criminal Division Chief, is Stepping Down After FRONTLINE Untouchables Report Lanny A. Breuer is leaving the Justice Department after leading the agency’s efforts to clamp down on public corruption and financial fraud at the nation’s largest banks, according to several people familiar with the matter. As one of the longest-serving heads … Read more

Too Big To Jail? The Top 10 Civil Cases Against the Banks

Too Big To Jail? The Top 10 Civil Cases Against the Banks The Justice Department’s initial response to the financial crisis did not take long to materialize. In June 2008, three months before the Lehman Brothers collapse, the department brought its first criminal case, charging two former Bear Stearns executives with securities fraud for their … Read more

Dr Doom says quantitative easing will create zombie banks, firms and borrowers

Dr Doom says quantitative easing will create zombie banks, firms and borrowers Nouriel Roubini said at Davos that central bankers risked saddling the economy with debt-burdened QE addicts Nouriel Roubini, the economist dubbed “Dr Doom” for predicting the credit crunch, has sounded a stark warning about the long-term effects of relying on quantitative easing to … Read more

The Biggest Bubble In History: Fraud

Forget the Housing, Bond or Derivatives Bubbles … Fraud Is the Biggest Bubble of All Time The housing bubble which burst in 2007 or so was the biggest bubble of all time. Many argue that the bubble in U.S. bonds has surpassed the housing bubble as the largest ever. Of course, given that the derivatives … Read more