CLASS ACTION AMENDED against MERSCORP to include Shareholders, DJSP

Via StopForeclosureFraud Kenneth Eric Trent, P.A. of Broward County has amended the Class Action complaint Figueroa v. MERSCORP, Inc. et al filed on July 26, 2010 in the Southern District of Florida. Included in the amended complaint is MERS shareholders HSBC, JPMorgan Chase & Co., Wells Fargo & Company, AIG, Fannie Mae, Freddie Mac, WAMU, … Read more

Shocking – Goldman Sachs Documents List Financial Institutions with Whom Goldman Had Hedged The Risk of its Exposure to an AIG Default

“It’s as if the New York Fed used A.I.G. as a front man to bail out big banks all over the world,” Mr. Grassley said in a statement. “It took nearly two years for the public to learn these details, and they only were revealed because Congress wouldn’t take no for an answer. Taxpayers deserve … Read more

A Judge Judging Himself: Judicial Recusal

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… Enjoy! I don’t know how else to express my frustration with some–not all, of the mortgage lenders in my court… Why do I cite these institutions to you? Freddie Mac, Fannie Mae, AIG and the Lehman … Read more

SEC Charges Goldman Sachs With Fraud in Structuring and Marketing of CDO Tied to Subprime Mortgages

FOR IMMEDIATE RELEASE 2010-59 Washington, D.C., April 16, 2010 — The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter. Additional Materials … Read more

Here we go!!! U.S. Accuses Goldman Sachs of Fraud Mortgage Investment Was Designed to Fail, Agency Says

Brendan McDermid/Reuters The new Goldman Sachs global headquarters in Manhattan.   By LOUISE STORY and GRETCHEN MORGENSON Published: April 16, 2010 Readers’ Comments Share your thoughts. Post a Comment » Read All Comments The move marks the first time that regulators have taken action against a Wall Street deal that helped investors capitalize on the … Read more

In Search of Our Lost Prosperity

Here is another amazing article written by George Mantor. RISMEDIA, January 12, 2010—Regular readers of my column know that I have been searching for America’s lost prosperity for the last few months, and the ongoing revelations and discoveries have provided ample material for my writing. What I have discovered is easily the largest financial story … Read more