Elderly widow’s home saved; foreclosure reversed

Brings a whole new meaning to “mrs. Bown you’ve got a lovely daughter…” hopefully, they don’t believe this was just a mistake or that the banks actually care whether anyone dies…

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BUFFALO, N.Y. (WIVB) – Patricia Brown seemed to be living in a bad dream that she couldn’t wake up from. The North Buffalo widow’s house on Edge Park Avenue had been sold at a city foreclosure auction to pay the back property taxes.

With help from family members, Brown paid her bills, even those from City Hall, “Every time a bill came I would pay it, and I’ve done that for my whole life,” said Brown, “There is never anything that I would not pay, because you are supposed to.”

But Brown’s daughter Debra Nasca obtained records showing the property tax bills, and the subsequent foreclosure notices were sent to Pat’s previous address, not the address on Edge Park Avenue, “Losing her house would have been devastating–she would have died.”

Faced with losing her mom’s home that the city auctioned off for less than half of what the property is…

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NY banking regulator probing Barclays, Deutsche Bank’s FX algorithm – source

Maybe they’ll eventually realize the entire mortgage crisis was built on the same frickin’ algorithm process and it’s all patented, licensed and trademarked as if it were legal – in the USPTO!

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(Reuters) – The New York banking regulator is investigating if Deutsche Bank (>> Deutsche Bank AG) and Barclays Plc (>> Barclays PLC) used algorithms on their trading platforms to manipulate foreign exchange rates, a source with direct knowledge of the matter told Reuters.

Benjamin Lawsky, the head of New York’s Department of Financial Services (DFS), has ordered a monitor to be installed at Deutsche Bank and already has one in place at Barclays – a move that will allow him to collect greater evidence of alleged manipulation, said the source who did not want to be named.

Deutsche Bank spokeswoman Renee Calabro declined to comment but cited an earlier statement on the probes.

“Deutsche Bank has received requests for information from regulatory authorities that are investigating trading in the foreign exchange market. The Bank is cooperating with those investigations,” Calabro said, quoting the earlier statement.

Read on.

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