| |||||
This precisely echoes how it was bloggers who broke the subprime story, while the mainstream media initially mocked them while doing nothing. Then finally managed to stumble across the story after bloggers did the hard work for them. WaPo profiles the bloggers at 4closeurefraud.org whose determination and research ignited foreclosure-gate. But, as it too [...] BofA denial over foreclosure-gate Pimco, NY Fed wants to force BofA to repurchase garbage mortgages. Pimco manages hundreds of billions in bonds and is a very big dog indeed Chicago sheriff says no to enforcing foreclosures. This is the same sheriff who a while back refused to evict renters who were in homes that [...] It’s happening: The Right is turning against Wall Street. Specifically Tea Partiers, and in opposition to the Republican Party too. More, please. Smoking gun: New evidence of How Wall Street shafted pension funds by misrepresenting mortgages; Rep Miller calls for full audit of Fannie Mae Calculated Risk details how foreclosure mills were pumping out [...] NY Times photo The foreclosure docs were robo-signed by an ethics-challenged drone at GMAC who said he ‘signed’ 400 a day and never reviewed any of them. GMAC calls this a “technicality” as does the Obama Administration. The stock markets would beg to differ, as banking stocks got clobbered today as everyone realizes just [...] The mortgage mess is making nonsense of claims that we have effective contract enforcement — in fact, the question is whether our economy is governed by any kind of rule of law. The fix is in, and at a very high level indeed. One set of laws for the banksters (i.e. no law at [...] The Obama Administration reaction to foreclosure-gate At JPMorgan Chase & Company, they were derided as “Burger King kids” — walk-in hires who were so inexperienced they barely knew what a mortgage was. At Citigroup and GMAC, dotting the i’s and crossing the t’s on home foreclosures was outsourced to frazzled workers who sometimes [...] Meanwhile, the Obama Administration says this is just a record-keeping problem and they expect it will be straightened out soon. Hey, that’s just what one of their bankster buddies says too! JP Morgan also says not to worry about this silly foreclosure-gate “blip.” Apparently 49 Attorney Generals of states would disagree with that [...] In case anyone has any lingering ideas as to where Obama’s loyalties lie. I get a sinking feeling hearing that the White House is encouraging a bunch of liars and cheats to “reconstruct” paperwork. I thought that was the big problem: banksters and their hired guns are making up documents and lying in affidavits and [...] Thousands of bank execs went to prison during the S&L crisis of the 1980′s. Not a single bankster has yet during this current debacle. In fact, virtually none have even been criminally charged. This is a disgrace, a subversion of justice, and an obvious corruption of the legal system. We need thousands of criminal prosecutions [...] |  | ||||
Copyright © 2012 Politics in the Zeros - All Rights Reserved | |||||
Recent Comments