Stafne Trumbull Crush NWTS, RCO, MERS, MERSCORP in King County Superior Court Motion Hearing: Civil Conspiracy Moves to Discovery

Washington state Pardo v. NWTSKingCast Mortgage Movies  

Continue reading

Protesters Take To Streets Demanding An End To Detroit’s Water Crisis – The “City’s whoops” on the backs of the people… Al Sharpton tells it like it is!

CROOKS AND LIARS – Post:
n_sharp_detroit_140718_262853_560x315Friday morning there was a massive protest in Detroit over the water crisis there. Netroots Nation attendees gathered together with National Nurses United to make a statement about how immoral and cruel the water shutoffs to poor people are. Continue reading

Fed Recognizes Foreclosure Abuse – Admits Errors (well, some of them anyway)

Press Release

FED ReportRelease Date: July 7, 2014

The report released today provides information on the process for the review of the foreclosure files during the IFR and file review results, including servicer error rates during the IFR, up to the time the IFR was replaced. The report also contains updated information on direct borrower payments and other assistance from the Payment Agreement and discusses the Federal Reserve’s ongoing supervision of corrective actions the mortgage servicers are required to implement. The report focuses primarily on servicers regulated by the Federal Reserve. Continue reading

“Real Cause Is Regulatory Capture/Corruption”

Posted by Larry Doyle of Sense on Cents

CORRUPTION SOSLetter to Editorial Board of The New York Times: “Real Cause Is Regulatory Capture/Corruption” 

EXCERPT:  “Lying, fraud, self-dealing, blatant misrepresentations and more as laid out in this lawsuit against Barclays are symptoms of a Wall Street that remains out of control. What is the cause that needs to be addressed, exposed, and rectified? A financial regulatory system that covers the spectrum of being ill-equipped, incompetent, captured, and corrupted.” Continue reading

Podcast: How to Protect Yourself (and Your Data) Online

FRONTLINE > Government / Elections / Politics > United States of Secrets >
 by  and Michelle Mizner

FRONTLINE LISTEN NOWOur personal data is everywhere online. Much of it we post ourselves on social-networking sites like
Facebook and Twitter.

But much more is gathered, stored and even sold without our knowledge. We wanted to understand how much of our data is out there, who collects it — and whether, in today’s world of oversharing online — privacy even matters.

FRONTLINE asked two privacy experts to help answer these questions, and talk about what they do to protect themselves online. CLICK HERE FOR THE PODCAST.

Does it affect your ability to achieve a mortgage modification? Just something to consider.

“Bankruptcy court corruption is not just a matter of bankruptcy trustees in collusion with corrupt bankruptcy judges.” — AG John Ashcroft

By Sydney Sullivan

gavel moneyEvery day I hear more stories about alleged corruption in the courts, not only when it comes to foreclosures, but also bankruptcy – especially when families are trying to protect their homes. It is more than obvious that the system is flawed.

Judges are not necessarily adept, specifically educated or predisposed to this new form of securitization…these quasi-securities called NTMs (nontraditional mortgages). Nor are they willing to risk their investment portfolios and mutual funds to protect the average citizens in America. Continue reading

Sense on Cents: Message for Tim Geithner On the Release of Stress Test

By Larry Doyle

Dear Tim,

Geithner bookCongratulations on the release of your book. I assure you that I will read it and review it here at my blog.

Given your positions formerly as head of the New York Federal Reserve and Secretary of Treasury, you will certainly receive enormous media attention and exposure in touting your book and your take on dealing with the crisis of 2008. To wit, I see just this morning that The Wall Street Journal is running your editorial entitled The Paradox of Financial Crises.

Tim, let’s cut the bull$hit.  Continue reading

Sense on Cents Discovers More Documents Denoting TBTF Damage Awareness During Clinton Era

No President wants the economy to crash on his watch. This is like playing musical chairs or passing the Hot Potato(e) – when the music finally stops who will be taking us down?

Clinton Presidential Documents c.1998: “Who’s on First?”
By Larry Doyle

Abott&CostelloEvery now and then I come across a document or statement that simply stops me in my tracks. In the process of pondering the weight and importance of the embedded message, I am typically left totally aghast.

Today I had one of those experiences as I continued to review the treasure trove of material in the recently released documents from the Clinton Presidential Library. From a document covering the work of the Council of Economic Advisers, I almost spilled my coffee when I read the following: Continue reading

Sense on Cents Book Review: All The Presidents’ Bankers by Nomi Prins

By Larry Doyle – Book Review:  All The Presidents’ Bankers by Nomi Prins

Prins bookWhile all too much of our analysis of market developments comes to us in the form of sound bites and snippets, leave it to the great writers of our time to provide real depth and study of the business and political relationships that ultimately impact all of us.

I recently completed reading just such a study, All The Presidents’ Bankers by Nomi Prins. The author is not only a Wall Street insider but also highly regarded for her prior books and well documented written and spoken commentaries.

I very much had the sensation of sitting in on a semester long tutorial in Financial and Political History while working my way through this book. Continue reading