Mortgage fraud settlement a slap on wrist, pushed by Obama
The mortgage fraud settlement for $25 billion is pennies on the dollar, ignores rampant criminality, and was pushed for hard by Obama.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Tag mortgage fraud
Mortgage securitization. Charting who owns a home
Dan Edstrom is an expert in charting such relationships and it took him a year to find out who actually owned his home. Note the “Black Hole” on the right side near the top. Apparently some details are unknowable, even…
It’s so hard to tell organized crime from bankers now
How subprime mortgage processing works, via the fine folks at Zero Hedge
Janet Tavakoli: “Biggest fraud in the history of capital markets”
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…
Foreclosure-gate. Rampant criminality and fraud
Obama vetoed the odious save-the-banksters foreclosure bill. See Mr. President, it’s just not that hard to oppose the banksters. You should do it more often. Grayson sends letter to Geithner, Bernanke demanding foreclosure freeze, warns of systemic bank failure risk…