Foreclosure Fraud, Rocket Dockets, Senior Judges and Judicial Bonuses

Where is the OUTRAGE??? If what I am about to present below, that was released by the Florida Bar News last week, does not infuriate you more than any other post that I have published, then I do not know what will… If everyone who reads this takes a stand and says no more, the … Read more

Open Letter to Louis Ranieri, Father of Mortgage Backed Securities – Solving America’s Foreclosure Crisis

An open letter to Louis Ranieri* My name is Michael Olenick.  I’m the founder and owner of Legalprise, Inc.  We work for foreclosure defense lawyers.  Their clients face the same wall that yours do, from the same people, mortgage servicers who – using the verbiage defining right from wrong in our local courts – “[have] … Read more

Fair Game – In the Mortgage Drama, One Role Is Enough – Gretchen Morgenson

Enter Mr. Miller’s bill, the Mortgage Servicing Conflict of Interest Elimination Act. It bars servicers of first loans they do not own from holding any other mortgages on the same. ~ “Unless we can make servicers modify mortgages through bankruptcy or eminent domain, the servicers are not going to reduce principle,” ~ “Their stance does … Read more

An August Surprise from Obama? Rumors – Administration is About to Order Government-Controlled Lenders Fannie Mae and Freddie Mac to Forgive Portion of Mortgage Debt

An August Surprise from Obama? James Pethokoukis Political Risk Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of … Read more

How We Ended the Great Recession – White Paper on The Great Depression 2.0

I found this little gem over at washington’s blog And Alan Blinder (economist, banking consultant and former Vice Chairman of the Board of Governors of the Federal Reserve System) and chief Moody’s economist Mark Zandi wrote a paper yesterday called How We Ended the Great Recession: A source on Capitol Hill sent this to me, … 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