I saw this op-ed article on Wall Street Journal on how the millennials are clueless in flocking to Bernie Sanders. The millennials clearly get it. They have watched their parent struggled throughout the financial crisis.  Wall Street Journal article just underscores how out of touch the financial establishment truly is. The millennials are mad because Wall Street tanked the housing market for millions of Americans, screwed the homeowners (by illegally foreclosing on their homes) who made a middle class income, and laughed all the way to the bank with their tin cup to the government begging for more capital only paying their way out of their crimes. That is why Sanders is more appealing to the young voters than Clinton.

William K. Black
February 21, 2016     Bloomington, MN

Wall Street CEOs are very upset with young adults.  They believe you are “clueless” and “voting against [your] own interests” when you support Bernie Sanders. …

SAN FRANCISCO – Tossing a False Claims Act lawsuit against lenders and loan services, the Ninth Circuit affirmed Monday that Fannie Mae and Freddie Mac did not buy the loans at issue as instrumentalities of the U.S. government.

Source: Courthouse News

Here is the court document. Click here.

And this is coming out of the mouth of a company who was taken over by the govenrment in the 2008 financial crisis.

The former CEO of Ally Financial Inc. says the Obama administration abused its power by holding the bank’s business hostage in order to coerce a record settlement of “trumped-up” racism charges and push profit-killing new regulations on the entire auto-lending industry.

The huge $100 million deal has spooked several other major lenders into resolving similar race-bias charges and offering below-market rates to minorities for car loans.

Michael A. Carpenter, who helmed Detroit-based Ally from 2009 to 2015, complained in an exclusive interview that Obama’s powerful consumer watchdog agency threatened to derail the bank’s efforts to obtain key regulatory approvals if it didn’t agree to settle the allegations out of court.

Read on.

Here we go again…

Fannie Mae, the state-sponsored U.S. mortgage backer, is at risk of needing a government bailout that could shake confidence in the housing finance market, senior officials have warned.

Fannie Mae’s chief executive and its regulator are sounding the alarm on a decline in the institution’s capital cushion, which is on course to vanish in 2018, when it would have to ask the US Treasury for emergency funds.

Their warnings highlight Washington’s inaction on housing policy and its failure to reform the institution, which guarantees nearly $3 trillion of securities and enables 30-year fixed rate loans, following the last financial crisis.

Read on.

The California Supreme Court on Thursday ruled unanimously in favor of a fraudulently foreclosed-upon homeowner in a case that should serve as a wake-up call to state and federal prosecutors that mortgage companies continue to use false documents to evict homeowners on a daily basis.

“A homeowner who has been foreclosed on by one with no right to do so has suffered an injurious invasion of his or her legal rights at the foreclosing entity’s hands,” the justices wrote.

But maddeningly, practically nobody in a position of authority has stepped up to prevent those injurious invasions.

The case, Yvanova v. New Century Mortgage Corporation, sends a powerful signal from the nation’s biggest state that the massive false document scandal, first discovered nearly a decade ago, is not over, despite mortgage company promises to the contrary.

Read on.

The guy in the audience said it was a matter of trust. “Please just release those transcripts so we know exactly where you stand,” he said.

But Hillary Clinton wasn’t going there. At the MSNBC town hall with the Democratic presidential candidates on Thursday evening in Las Vegas, Clinton once again refused to release transcripts or recordings of the secret speeches she was paid millions of dollars to make to Wall Street banks.

Clinton literally laughed off the question when we first asked her in January. Several days later, when Chuck Todd asked her during an MSNBC debate in New Hampshire, she said she would “look into it.”

Shortly thereafter, however, Clinton had a new talking point, which is the one she used again on Thursday night, in response to a question from a self-identified Bernie Sanders supporter in the audience — a realtor named Joe Sacco

This one–the Yvanova decision by the California Supreme Court–was a no-brainer, of course. Had the Court ruled that homeowners cannot challenge a bogus assignment, there would be no point in a bank or other purported holder of  California mortgages following the law about assignments at all, because they’d never be challenged.  And what would be the result?  An absolutely broken system of keeping up with what person owns what property.  Which is kinda already the case, but that’s another story.

First, a little background…

Two of the major hallmarks of wrongful, fraudulent foreclosure were present in the Yvanova situation:

1. Zombie assignments: Defunct and/or bankrupt company assigns a mortgage or deed of trust years after said company has been dissolved.  In the Yvanova case, New Century was liquidated in 2008 but supposedly assigned Yvanova’s deed of trust to Deutsche Bank in 2011.

2.  Closed pools: By…