NY Fed Joins Other Investors on Loan Repurchase Bid

These investors have topped the key 25 percent threshold for voting rights on 2,300 “private-label” mortgage bonds, which will give them the ability to force trustees to act on repurchase requests. Investors heretofore have been frustrated by trustees and servicers, who have said they are limited in the information they can share. ~ “Investors have … 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

Ouch, Thats Gotta Sting – Motion for Disqualification of PBC Judge Meenu Sasser for a $425,063.50 Conflict of Interest Involving Billlions Upon Billions in Assets

Some excerpts from the motion… Defendants  reasonably fear  they will not receive a fair trial or hearing and that the Judge before whom the case is pending is interested in the result thereof. Judge Sasser Owns Stock in Bank of America Corporation. According to the Full and Public Disclosure of Financial Interest filed by Judge … Read more