Tag Archive | foreclosure
Housing Crisis – Can We Do Something Already?
As an update to an earlier post that is continued below, there are more minds examining eminent domain and our real estate collective action problem. It has been shown that when the value of a home falls below the value of the mortgage debt — when it is underwater — a person is much more […]
Mortgage Fraud Task Force PR Campaign
Why the noisy public relations campaign for the mortgage fraud task force? Thankfully, main street has not stopped demanding accountability. As Politico reports, Members of the liberal activist group CREDO Action have made more than 3,000 calls since March to the White House and Obama’s Chicago campaign headquarters urging the administration to assign more investigators […]
Press Release by Invertebrate Schneiderman on Law Day
UPDATE: As I covered in a previous post, Schneiderman penned an Op-Ed article in which he used phrases like “attacking the foreclosure crisis” and “working aggressively to provide accountability”, in describing the mortgage fraud task force. Below, in another post, I suggested that any new press releases for this ‘force-to-be-reckoned-with’ should include indictments. Unfortunately, another […]
Bank Mortgage Settlement Is Another Sell Out
The federal government bank mortgage settlement is a clear demonstration of who wields power in America (hint: not “we the people”). We, the taxpayers, got sold out again in regards to this criminal enterprise that is mortgage servicing. This just reaffirms that we now live in a society of the few unaccountable privileged and the many […]
Arizona Bill Writes Down Underwater Loans For Homeowners
A state politician finally proposes a solution and stands up to the lenders. Arizona Senator Michelle Reagan submitted the “Arizona Housing Finance Reform Act” (SB 1451) on January 31st, 2012. Senator Reagan’s bill represents BREAKTHROUGH THINKING as far as solutions to the housing crisis are concerned. There’s been nothing like it proposed anywhere as yet, […]
The Shattered Economy Is A Crime Scene
During the State of the Union address by President Obama, The New York Attorney General, Eric Schneiderman, was announced as leading a new Financial Crimes Unit. I was skeptical of this appointment because we have had an active Financial Fraud Task Force that wasted over two years already. Obviously enough American citizens are screaming about the […]
Top Justice Officials Are Connected to Mortgage Banks
U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division, were partners for years at a Washington law firm that represented the 4 largest mortgage-holding banks as well as Freddie Mac and MERS, a Reuters inquiry shows. Since their appointments, two subordinates have moved from their government departments to that […]
Our Taxes Pay Millionaires’ Salaries
Taxpayers have been giving cash to Freddie Mac and Fannie Mae every quarter since September 2008 and the top 10 executives have taken home about $6 Million each per year! So we work hard and pay our taxes to give to multi-millionaires? Refer to article: Fannie Mae and Freddie Mac executives score $100 million […]
World Champion Boxing fight: Banking Industry vs. Lawyer Industry
On the surface this hotly debated topic of the Florida Fair Foreclosure Act appears to be the World Champion Boxing fight between the Banking industry and the Lawyer Industry. It is difficult to believe anything said by either side. Historically both special interest groups have shamelessly stomped all over the average citizen for personal gain. […]
