Shelley Erickson

Story by: Clinton Kirby (October 30, 2013)

It’s almost as if the banking industry has never heard the old saw that “Hell hath no fury like a woman scorned.”  The banks are finding this out the hard way, as Shelley Erickson is indeed channeling her fury against them into the kind of sustained resistance that will teach said banks (and indeed, has already taught them) not to scorn homeowners.

When Erickson is not running Shelley’s Total Body Works–her successful salon in Auburn, Washington—she’s blasting out emails to her fellow foreclosure fraud fighters regarding the latest legal strategies, case law, depositions, helpful blog posts, and the like.  To be honest, she does all this while she is running her salon, talking to her customers about their own problems with the banks, and just generally being a one-woman bastion of resistance against the corrupt financial system.  Indeed, if you’ve ever…

I have news for you, Dimon. Improper and illegal transfers of residential and commercial mortgage loans through securitization will never go away..

Watch 60 Minutes this Sunday. H/T to CREW:

Over the past few months, CREW has been working with 60 Minutes to expose yet another scheme by members of Congress to fill their families’ pockets with other people’s money.

And here is a snippet video from 60 minutes investigated by Steve Kroft on CBS This Morning. Click here. And here is the report of Congressional members in all states that use political action committee funds to employ family members:

Lawmakers call for banks to rescue federal employees

Lawmakers urged financial institutions to work proactively with borrowers facing financial distress because of the government shutdown. For three weeks, federal employees have been out of the job without pay.

As the nation enters day 14 of the federal freeze, many government employees are beginning to feel the early signs of financial hardship.

Rep. Maxine Waters, D-Calif, spearheaded a concurrent resolution, along with 30 other policymakers, urging institutions such as banks and consumer reporting agencies to work with customers affected by the shutdown.

“The shutdown of the federal government has forced thousands of people into financial distress through no fault of their own,” Waters said. “Financial institutions should not penalize — or profit from — those affected by these difficult circumstances.”

The proposal calls on institutions to identify customers affected by the government halt and asks the entities to adopt flexible…

US banks no longer ‘too big to fail’, says Tucker

DOJ Said to Open Criminal Probe of FX Market Rigging

The U.S. Justice Department has opened a criminal investigation of possible manipulation of the $5.3 trillion-a-day foreign exchange market, a person familiar with the matter said.

The Federal Bureau of Investigation, which is also looking into alleged rigging of interest ratesassociated with the London interbank offered rate, or Libor, is in the early stages of its currency market probe, said the person, who asked not to be identified because the inquiry is confidential.