By William Hudson

State Court judges are missing the point- the paperwork is all an illusion in a majority of cases. Instead of being concerned that the bank is filing photoshopped, forged and robosigned documents into the court record, they are more concerned if the homeowner has paid. This is despite the fact that every large Bank in the country has been fined for foreclosure “irregularities”. Too many State judges are refusing to follow basic contract law or scrutinize the documents presented. Presumptions favor the banks in cases where there is hard evidence of fraud. It is now known that due to securitization that the vast majority of mortgage notes and assignments are created-on-demand to provide the impression that the note is valid. You would think that in light of this information that more judges would be concerned that the note is even enforceable.

Former FDIC Chairperson Sheila Bair  wrote…

Bloomberg:

“JPMorgan Chase, and virtually every other major bank in this country,” Democratic presidential candidate Bernie Sanders answers when asked by New York Daily News to name three U.S. corporations “destroying the national fabric.”

• Sanders is quoted by New York Daily News in editorial board interview
• Sanders says Apple isn’t in that category, through “I do wish they’d be manufacturing some of their devices, here, in the United States rather than in China” and paying fair share of taxes
  • Says GE closing plants, shipping jobs overseas, and avoiding taxes is an example of “greed” and “selfishness”
• Says he’ll renegotiate all U.S. trade agreements if elected
  • On difference between him, Republican Donald Trump on trade: “We have some specificity and it isn’t just us going around denouncing bad trade”
• Asked if his too-big-to-fail list is “essentially the list that already exists under Dodd-Frank? Under the Financial Stability Oversight Council?” he says…

Fact Check website:

Hillary Clinton falsely claimed she is “the only candidate” in the presidential campaign “on either side” who has been attacked in advertising funded by “Wall Street financiers and hedge fund managers.” Actually, several candidates have been the target of ads funded in part by those in the financial industry.

In fact, by Clinton’s logic, real estate developer Donald Trump seems to be the favorite target of “Wall Street financiers and hedge fund managers” — not Clinton.

Clinton made her remarks on NBC’s “Meet the Press” on April 3. Host Chuck Todd showed a video clip of Bernie Sanders urging Clinton to release the transcripts of her paid speeches to business groups. Asked for her response, Clinton said Sanders was “misrepresenting my record when it comes to being tough on Wall Street,” adding that Wall Street financiers oppose her candidacy.

Clinton, April 3: I’m the only candidate…

Former senior employees of Lehman Brothers Holdings Inc [LEHLO.UL] who once commanded seven-figure pay packages failed to persuade a federal judge to restore hundreds of millions of dollars of stock awards that become worthless after the Wall Street bank’s collapse.

Sen. Elizabeth Warren (D-Mass.) is calling on the Securities and Exchange Commission to investigate financial firms for allegedly making misleading statements about a federal effort to protect people saving for retirement.

In a letter sent Thursday to SEC Chair Mary Jo White, Warren said firms could have violated securities laws by issuing conflicting comments about a proposed rule that would require financial advisors to act in the best interest of their clients, rather than the best interest of their own profit.

Warren is referring to the so-called fiduciary rule, which the White House estimates could help Americans trying to retire save $17 billion a year. Current law allows financial advisors to work on commission when they offer suggestions to savers about retirement accounts, such as 401(k)s and Individual Retirement Accounts (IRAs). Advisors are allowed to earn money from mutual fund companies for steering clients to specific funds, even if…

When is the media going to interview William Black and Bank Whistleblowers United ??

NY Post:

The political establishment is marshaling forces for a smackdown of Wall Street corruption.

The financial elite is fretting over an apocalyptic future of more regulation, more taxes, more fees (and less profit). Meanwhile, to tough-talking, reform-minded presidential candidates, nothing is off the table — from jail time for bankers to the dismemberment of their “too big to fail” banks.

And the rhetoric is not confined to the campaign trail.

“We need to control fraud and those who loot the company for their own personal enrichment,” William Black, an associate professor of economics and law at the University of Missouri, said in Washington recently, calling on the US presidential candidates to get tough on Wall Street. “Our system of checks and balances is a fake,” added Black, a whistleblower who helped expose the Keating Five savings and…