Bloomberg News Columnist – Banks Foreclose First, Ask Any Questions Later: Ann Woolner

Banks Foreclose First, Ask Any Questions Later: Ann Woolner Ann Woolner Sept. 16 (Bloomberg) — U.S. home seizures reached a record for the third time in five months in August as lenders completed the foreclosure process for thousands of delinquent owners, according to RealtyTrac Inc. Bloomberg’s Su Keenan reports. (Source: Bloomberg) There was a time, … Read more

Now This is FUNNY!!! Ally’s / GMAC’s New Campaign Replaces Commercials That Showed Bankers as Cheaters

HA ha ha HA ha HA ha he he Ha HA! The article below, Ally’s New Campaign Replaces Commercials That Showed Bankers as Cheaters, came out on Bloomberg at 7:00am Monday Sept 20, 2010, just about an hour before they reported on Ally’s GMAC Mortgage Halts Home Foreclosures in 23 States By Denise Pellegrini – … Read more

Bloomberg – Ally Said to Tell Freddie Mac of Faulty Foreclosures Weeks Ago

Ally Financial Inc.’s GMAC Mortgage unit told Freddie Mac that foreclosures by the auto and home lender might have been faulty weeks before halting its own evictions, according to two people briefed on the matter. Ally informed Freddie Mac on Aug. 25 that affidavits for court proceedings might not be valid, according to a person … Read more

How to Launder Mexican Drug Money: Be a Large Bank

Banks Financing Mexico Gangs Admitted in Wells Fargo Deal Intro… Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying … Read more