Want to get away with murder? Become a Bank
Allan Sloan Fortune The biggest danger to the U.S. capitalist system doesn’t come from communists or community activists or left-wing academics. It comes from some…
Housing
FDIC Head Sounds the Alarm on Foreclosure Litigation
Reuters Litigation arising from foreclosure paperwork problems could be “very damaging” to the housing market, a top U.S. banking regulator said Monday. Federal Deposit Insurance…
Foreclosure Mess Scares Away Investors as ‘Fear has Taken Hold’
Dees Illustration Reuters Investors who have been snapping up foreclosed homes are backing off in the wake of the U.S. foreclosure fiasco, driven off by…
Foreclosure Mess Scares Away Investors as ‘Fear has Taken Hold’
Dees Illustration Reuters Investors who have been snapping up foreclosed homes are backing off in the wake of the U.S. foreclosure fiasco, driven off by…
Getting Real About Real Estate
An interview with real estate professional Andy Miller, Miller Frishman Group David Galland Casey Research In 1990, following the real estate debacle of the 1980s,…
Wells Fargo Reports Record Profit as Credit Improves
Image: alta-california.com Dakin Campbell Bloomberg Wells Fargo & Co., the largest U.S. home lender, reported record third-quarter profit that beat most analysts’ estimates as credit…
Welcome to the Machine: MERS and The Shadow Banking System
4closurefraud.org Chink in the Armor A story is breaking upon the nation as I write this. It is a story I have been forced to…
Task force probing whether banks broke federal laws during home seizures
Dees Illustration Zachary A. Goldfarb Washington Post Federal law enforcement officials are investigating possible criminal violations in connection with the national foreclosure crisis, examining whether…
Wall Street, White House blame homeowners in foreclosure crisis
Tom Eley Global Research Wall Street has raised its voice against any government moratorium on foreclosures, even as evidence mounts that banks systematically and illegally…
Facing Foreclosure: Demand to see your mortgage note
Activist Post In our most recent weekly newsletter, our Action Item was Fraudclosure. The magnitude of the banking fraud that has taken place, and the…
Poverty In Suburbs Increasing Rapidly During Economic Downturn
Suburban Slums – GETTY image Hope Yen Associated Press WASHINGTON — The American suburb is no longer a refuge from poverty in cities. A pair…
Obama-Goldman Sachs Administration Sides with Banks on Foreclosure Moratorium
Kurt Nimmo Infowars It was predictable. Obama and his Goldman Sachs insiders have sided with Bank of America and JP Morgan on the growing call…
How Countrywide Covered the Cracks
Angelo R. Mozilo CEO – Countrywide Financial Gretchen Morgenson NY Times ON June 27, 2006, Countrywide Financial, the nation’s largest mortgage lender, was about to…
The Mortgage Morass: Obama Opposes Any Action That May Upset the Banks
Paul Krugman NY Times American officials used to lecture other countries about their economic failings and tell them that they needed to emulate the U.S….