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see Robot Can Write Your Letter and Signature

In a typical day in Court, the “borrower” is asked by the lawyer for the “lender” whether THAT is his or her signature on the note and the mortgage. The initial response is yes. By admitting that signature you have validated the note and mortgage and that you signed it and that the foreclosing party has it. That is a lot of admitting based upon a single “yes” answer.

My question to you is whether you have answered truthfully. Do you really remember what you signed, what was written on the documents and exactly how you signed each document? In most cases it is years before. The homeowner answers “yes’ because he or she knows they went to a closing and signed a bunch of papers.

It frequently does not occur to either…

Since approximately 2008, consumers in the United States have seen the majority of their wealth disappear.  David Dayen, in his new post, “A Needless Default“, states that according to economists Emmanuel Saez and Gabriel Zucman, the bottom 90% of Americans have seen at least one-third of their wealth disappear.  That is a staggering number. It means that the middle class is disappearing.  That is one of the reasons why the economy is growing so slowly.  According to John Maynard Keynes, a stable middle class consumption is needed in order to grow investment.  The middle class has always been the backbone of the economy.  Knowing this, why would an Administration favor bailing out the financial industry and not the middle class?

So what happened in the past several years.  For one thing, the financial industry drove the world’s economy to the edge of a very high precipice.  Spurred by the temptation…

A bombshell report released Sunday sheds light on the highly secretive Swiss banking system that allowed U.K. bank HSBC to profit from accounts linked to arms traffickers and corrupt dictatorships. The files detail nearly $120 billion in murky accounts, much of it shielded from the gaze of tax authorities.

According to the report, HSBC’s Swiss private bank attracted the ultra-wealthy of the world by exploiting loopholes in international tax law — for example, by registering individuals as corporations. In other cases HSBC allegedly created undeclared “black” accounts to help customers hide their cash from domestic authorities.

via HSBC Helped Tax Dodgers Hide Billions, Largest Banking Leak In History Reveals.

Reading the biased judicial opinion in the transcripts of the Florida case, Deutsche Bank vs. Renee Cuenca compels the apparent need to make an early opening statement.

Maybe it needs to be dialogue on a new television series – like “Fraud & Foreclosure” … or “Un-Justice”.

The Cuenca transcripts – like the more recent foreclosure orders dissing the borrowers’ rights to challenge the Assignment of Mortgages, instill a vivid picture of the “cow jumped over the moon.”  How does the Judge get from point A to point D without connecting the dots?

Two congressional Democrats have asked the Federal Reserve Board for a briefing about its investigation into a leak of confidential Fed policy deliberations two years ago.

Sen. Elizabeth Warren, D-Massachusetts, and Rep. Elijah Cummings, D-Maryland, sent the request today to Scott G. Alvarez, the board’s general counsel, saying that neither Alvarez “nor any other Federal Reserve official has made public any information about the conduct of the investigation or its outcome.”

“We are disturbed by this lack of transparency regarding such an important topic,” the two wrote. “This leak contained key market-moving information, violated Federal Reserve policy on disclosure, and may have represented a violation of federal law.”

ProPublica reported in December that details from discussions of the Federal Open Market Committee found their way into a financial analyst’s private newsletter. The leak occurred in October 2012, the day before the scheduled public release of committee meeting minutes that promised…

Wells Fargo (WFC) will pay a $4 million penalty after an investigation by the New York Department of Financial Services found that a former affiliate of the bank falsified mortgage loan origination files, made loans to customers that were secured by an interest in the borrower’s home, and committed other infractions in violation of New York State law.

According to the NYDFS, beginning in 2006, Wells Fargo Financial Credit Services of New York issued a series of home equity lines of credit to New York borrowers under the product name “Nowline Visa Platinum Credit Card Accounts.” The cards allowed borrowers to make retail credit card purchases that were secured by an interest in the borrower’s home, which is against the law in New York.

“Our investigation uncovered that this Wells Fargo affiliate put borrowers’ homes on the line for routine credit card purchases – creating substantial and undue risks…

Zerohedge:

Bankruptcy judge Robert Drain of the New York Southern District has long been one of the more fascinating litigators at One Bowling Green. However, until today we though that his often outspoken style is reserved for his career caseload, which includes among it Delphi, Hostess, and RCN; little did we know that Drain is also an activist on par with the infamous Jed Rakoff (author of the infamous rhetorical essay “Why Have No High Level Executives Been Prosecuted In Connection With The Financial Crisis?” which over 1 year later still has no answer).

Today, thanks to Zero Hedge contributor 4closurefraud.org, who over the weekend noticed a critical filingin the case of Cynthia Carrsow-Franklin vs Wells Fargo, we find something stunning: in his 30-page decision (attached below), Drain accused Wells of forging, and explicitly used the word “forged”, not once, not twice, but a whopping 22…

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TILA remedies and requirements actually address the “free house” complaint head on: If banks misbehave in material and important ways (as defined by statute and not in the minds of a judge or lawyer) then yes, the homeowner should get a free house. That is what all three branches of the Federal government have said and no re-interpretation of TILA rescission or TILA remedies will be allowed since last week when the Supreme Court unanimously decided that TILA meant what it says. Any Judge or lawyer who thinks otherwise is in fairyland. The fact that a Judge doesn’t “like” the result of a “free house” (as the Judge perceives it) means nothing. The Judge is required to apply the law as decided by the United States Supreme Court.

Practically everyone is asking questions about whether the statute of limitations starts running…