Why can’t America get some articulate celebrities?
By Alexander Aciman @acimania TIME NewsFeed
Comic-turned-social critic Russell Brand’s latest shocking public performance may have just attempted to incite a global revolution. Continue reading
Ditto here! Sounds to me like the Wall Street Prince is still delusional.
I have news for you, Dimon. Improper and illegal transfers of residential and commercial mortgage loans through securitization will never go away..
JPMorgan Chase (JPM) CEO Jamie Dimon explained to CNBC that the lender is trying to resolve legacy mortgage security claims with the U.S. Department of Justice.
“I am so proud of this company. That’s what I think about when I wake up everyday,” he added in an interview that aired on “Squawk Box,” saying that “260,000 people around the world are doing a great job for our clients. We’re gaining market share. We’re doing great stuff. We’re trying to get our problems behind us.”
This is not surprising – but it is disgusting… A bit over minimum wage, yeah?
Watch 60 Minutes this Sunday. H/T to CREW:
Over the past few months, CREW has been working with 60 Minutes to expose yet another scheme by members of Congress to fill their families’ pockets with other people’s money.
And here is a snippet video from 60 minutes investigated by Steve Kroft on CBS This Morning. Click here. And here is the report of Congressional members in all states that use political action committee funds to employ family members:
How do we distinguish between government worker who lost their paychecks and employees of major corporations that laid off personnel or the construction industry that lost their jobs when Wall Street crashed the economy? If you work for the government you deserve special treatment? Ummm…???
Lawmakers call for banks to rescue federal employees
Lawmakers urged financial institutions to work proactively with borrowers facing financial distress because of the government shutdown. For three weeks, federal employees have been out of the job without pay.
As the nation enters day 14 of the federal freeze, many government employees are beginning to feel the early signs of financial hardship.
Rep. Maxine Waters, D-Calif, spearheaded a concurrent resolution, along with 30 other policymakers, urging institutions such as banks and consumer reporting agencies to work with customers affected by the shutdown.
“The shutdown of the federal government has forced thousands of people into financial distress through no fault of their own,” Waters said. “Financial institutions should not penalize — or profit from — those affected by these difficult circumstances.”
The proposal calls on institutions to identify customers affected by the government halt and asks the entities to adopt flexible…
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Can’t argue his thought process – probably 300 million Americans feel the same way.
US banks no longer ‘too big to fail’, says Tucker
The deputy governor of the Bank of England has declared an end to the era of taxpayer bail-outs for the world’s giant lenders.
Almost five years to the day since the collapse of Lehman Brothers triggered the worst financial crisis since the 1930s, Paul Tucker claimed that America’s biggest banks are now in a position to go bust without state intervention.
They forgot the “I” in FX… This is why every homeowner with an ARM or LIBOR based rate loan should incorporated a rigged LIBOR rate claim and argument into their Answer…and serve discovery with it!
DOJ Said to Open Criminal Probe of FX Market Rigging
The U.S. Justice Department has opened a criminal investigation of possible manipulation of the $5.3 trillion-a-day foreign exchange market, a person familiar with the matter said.
The Federal Bureau of Investigation, which is also looking into alleged rigging of interest ratesassociated with the London interbank offered rate, or Libor, is in the early stages of its currency market probe, said the person, who asked not to be identified because the inquiry is confidential.
The GLASKI opinion has made the Wall Street banking industry crazy. There was an outcry for publication of this case as it allowed homeowners to challenge fabricated assignments. The Court agreed to publish the opinion.
The securitization case was briefed and argued as a New York law trust case when in fact it was actually a Delaware trust. While the outcome may have likely been the same, the Court’s opinion was based upon New York Trust Law. Thereafter, the banks (that it appears failed to raise these issues during or after the hearings) wanted the opinion to be de-certified for publication. Continue reading
Oh Boo Hoo Morgan Lewis!
Yesterday, Bernard J. Garbutt III (really), a partner with NY firm Morgan Lewis, sent a letter to Chief Justice Tani G. Cantil.Sakauye and the Associate Justices of the Supreme Court of California representing Deutsche Bank National Trust Co., following an October 4, 2013 letter from AlvaradoSmith (representing JPMorgan Chase) requesting depublication of Glaski v. Bank of America, N.A.
Apparently, Glaski makes the banksters uncomfortable enough that they want the decision to be removed from publication based on the fact that the “PSA states explicitly that the Trust is a Delaware Statutory Trust, organized under the Delaware Statutory Trusts Statute, 12 Del. Code Ann. §§ 3801 et seq., and governed by Delaware law. See, e.g., PSA § 10.05 (governing law).” So, the Wall Street banks hired high priced firms to pen letters to the appellate court begging to hide the Glaski decision.
LIBERTY continues: “[Judge] Schack correctly concludes that “FANNIE MAE’s Servicing Guide, with its deceptive practices to fool courts, does not supercede New York law.” I had the same thought when I first encountered this fiat decree of Fannie Mae’s when researching my own lawsuit against Fannie Mae and others a couple of years ago. It is a relief to hear a judge articulate this so starkly.”
The LIBERTY post inspired a Honolulu attorney’s client who penned a tribute to ol’ Fannie: Continue reading
In an investigative post, MSFraud.org exposed an unknown state Attorneys General settlement with Lender Processing Services (LPS) for $113 million dollars in an El Paso district court.
One would wonder how, for example, the State of Hawaii (who received a pittance compared to the damage to titles LPS has caused) could even begin to agree to a settlement when they have NEVER even bothered to audit its own Hawaii Bureau of Conveyances! Hawaii is a mortgage lien state where the homeowner holds the deed, unlike a Deed of Trust state where the deed is held by a (fishy) beneficiary.
Millions of homeowners never knew that LPS fabricated and falsified documents that could still cloud their titles for years to come – even if they received a modification. The point here is that many states, including Hawaii where land rights are a very precious subject, have turned a blind eye to fraudulent assignments of mortgage or the fact that the mortgage Continue reading
