Financial links 1/30

How can the architects of the crisis investigate it?

Food speculation: ‘People die from hunger while banks make a killing on food’

Bailout watchdog probes suspected tarp fraud at 64 banks

New York prosecutor Vance seeks mandatory jail terms for securities frauds

Bank Of America stops issuing notices of default in non-judicial states

Insurance companies sue Bank Of America over “massive mortgage fraud”, find 91% of securitized loans are misrepresented

Dead woman’s name robosigned on thousands of affadavits

She died in 1995. Yet her signature later appeared on thousands of affidavits submitted by one of the nation’s largest debt collectors, Portfolio Recovery Associates Inc., in lawsuits filed against borrowers.

This would appear to be organized crime, pure and simple. All involved should go to prison. If we had a functioning justice system, they would already be in prison.

There’s a monster on the loose, it’s got our heads into a noose

So said Steppenwolf in the 60’s, in prescient lyrics.

Newshoggers reviews The Monster

Do you like a good crime novel – a corporate crime novel? If so The Monster: How a gang of predatory lenders and Wall Street bankers fleeced America – and spawned a global crisis by Michael W. Hudson is for you. Unfortunately it’s not a fictional novel but the history of the mortgage crisis that may yet bring down the US and world economy

Foreclosures on people who never missed a payment

Yves Smith of Naked Capitalism. What the banks are doing is stealing property under the assumption that the government will do nothing to stop them.

Bank Of America’s Christmas present: Foreclose even though not a payment missed.

Even though BofA has sent an apology, somehow the foreclosure is still happening. Those responsible for this should be fired and then be indicted. Foreclosures like this are happening far too often for it all to be accidental.

D.A. files complaint against lawyer of family who broke back into their illegally foreclosed home

Thus, we have law enforcement defending and protecting criminal behavior regardless of the obvious and grotesque injustice. The D.A. should be fired or recalled.