More Deadbeat Banks Missing TARP Dividend Payments

Guess they took on too much government cheese… They should have known better… More banks missing TARP dividend payments By Brady Dennis Washington Post Staff Writer Monday, September 13, 2010; 9:17 PM Big Wall Street firms have the most bruised public reputations, but it’s a collection of smaller banks that continues to plague the Treasury … Read more

More and Better Predatory Loan Servicing Fraud

Commentary by George W. Mantor RISMEDIA, August 17, 2010—As the vast majority of applicants for loan modification have learned, HAMP, the Home Affordable Modification Program, is little more than a thinly disguised mechanism through which to conclude the foreclosure process on behalf of financial intermediaries who never loaned a dime and never lost a dime … Read more

Support Elizabeth Warren – The Main Street Brigade Presents: A Sheriff Warren Wrap (Video)

Elizabeth Warren, chair of the Congressional Oversight Panel and professor of law at Harvard University, is getting some eye-catching support in a progressive push for the bailout watchdog to lead a new consumer financial protection agency. In a new western-themed music video from Main Street Brigade, Warren is hailed as “the new sheriff.” The spot … 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

SIGTARP Report to Congress – Governmental Efforts to Stabilize Economy Increased 23% to $3.7 Trillion Over Past Year

Check out the full report below… ~ 4closureFraud.org ~ SIGTARP Quarterly Report to Congress – July 2010 Click link to view

PBS Need to Know – Elizabeth Warren on The Next Foreclosure Crisis

The 2,300 pages of the Restoring American Financial Stability Act of 2010 comes as home foreclosures have hit a historic high but another potential real estate crisis looms. Many commercial real estate loans will mature soon, and community banks will feel the strain if property owners can’t pay — much in the way bigger financial institutions … Read more

And it has Begun – Former Taylor Bean Chief Lee Farkas Charged With 16 Counts of Fraud

June 16 (Bloomberg) — Lee Farkas, the former chairman of Taylor, Bean & Whitaker Mortgage Corp., was accused by the U.S. of helping run a more than $1.9 billion fraud scheme that unsuccessfully attempted to steal money from the government’s Troubled Asset Relief Program. An indictment unsealed today in federal court in Alexandria, Virginia, alleges … Read more

Class Action – Bank of America Sued by Homeowners for Withholding Federal Bailout Funds

Bank of America Home Loans Date Filed: March 22, 2010 Court: U.S. District Court Location: Seattle Ticker Symbol: BAC Washington homeowners sued Bank of America claiming the lending giant is intentionally withholding government funds intended to save homeowners from foreclosure. Hagens Berman represents plaintiffs in the class-action lawsuit. Attorneys are interested to speak with other … Read more