The Court That Rules The World: The Secret Justice System That Lets Executives Escape Their Crimes

The Secret Justice System That Lets Executives Escape Their Crimes A parallel legal universe, open only to corporations and largely invisible to everyone else, helps executives convicted of crimes escape punishment. Imagine a private, global super court that empowers corporations to bend countries to their will. Say a nation tries to prosecute a corrupt CEO … Read more

Woman Found in Foreclosed Home Had Been Dead For Over a Year

Woman Found in Foreclosed Home Had Been Dead For Over a Year A woman’s body was discovered in a foreclosed Fountain home, and police believe she may have been there for more than a year. bought in an auction by a Colorado Springs realtor. He didn’t go inside until August 11, and that is when … Read more

“I’ve Never Seen Anything Like This Before” – The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing

“I’ve Never Seen Anything Like This Before” – The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing One month ago, we said that “it is not looking good for the US housing market”, when in the latest red flag for the US luxury real estate market, we reported that sales in the … Read more

AIG Reaches Deal to Sell Mortgage Insurance Unit

AIG Reaches Deal to Sell Mortgage Insurance Unit The United Guaranty sale to Arch Capital Group will create the world’s largest private mortgage insurer American International Group Inc. said late Monday afternoon that it had reached an agreement to sell its mortgage insurance unit, United Guaranty Corp., to Bermuda-based Arch Capital Group for about $3.4 … Read more

Tim Miller – “Love, Your Broken Home” (Live Studio Recording)

 Tim Miller – “Love, Your Broken Home” (Live Studio Recording) A little while back I listened to an interview on the radio involving predatory lending practices. On one side, they had a family on the verge of being homeless because of these predatory practices. On the other side, they interviewed a twenty something year old … Read more

New Jersey: Big Banks Make Bad Neighbors

“And yet, having foreclosed on these homes and kicked out the families, banks allow neighborhoods to rot and force honest, taxpaying citizens to suffer for their neglect.  The people of New Jersey deserve better than this.” ~ New Jersey: Big Banks Make Bad Neighbors The house across the street from you got foreclosed on in … Read more

To Settle SEC Case, Government Pays Itself $100,000

To Settle SEC Case, Government Pays Itself $100,000 Former Fannie Mac CEO reaches agreement that places no restrictions on future work Former Fannie Mae chief executive  Daniel Mudd reached a “settlement” with the Securities and Exchange Commission in a crisis-era case it filed against him. The deal, filed on Monday, requires essentially nothing of Mr. Mudd. … Read more

Foreclosure Crisis Worsens Spurring Cries of State Inaction

Foreclosure crisis worsens in Massachusetts, spurring cries of state inaction The effects of the Great Recession may be receding, but many Massachusetts homeowners remain underwater. The number of foreclosures is rising, and that trend is expected to continue. The reason, experts say, is a backlog of old foreclosures that were stalled due to a state … Read more