“There’s not a single, solitary example that it had anything to do with the financial crash,” former President Bill Clinton tells Inc. regarding 1999 repeal of Glass-Steagall.

• “In fact, a study done afterward said that the unified banks were actually slightly less likely to fail than either the commercial banks that overloaded on subprime mortgages, or the investment banks, like Bear Stearns, Lehman Brothers, and others”: Clinton
• NOTE: Democratic presidential candidate Hillary Clinton won’t propose reinstating Glass-Steagall, adviser Alan Blinder told Reuters last month
• NOTE: Clinton’s rivals for the 2016 Democratic nomination, Sen. Bernie Sanders and former Md. Gov. Martin O’Malley, have called to break up the biggest U.S. banks

Source: Bloomberg

Read more on Inc. Click here.

You have the read this story. My hats off to the judge for sticking it to Bank of America!

ORDERED:

1. Bank of America’s Motion to Amend Pleadings (Doc. 102) is DENIED.

2. The Court intends to enter judgment in favor of Plaintiffs Ronald and Deborah Goodin and against Bank of America in the amount of $204,000 once attorneys’ fees have been decided. The Goodins have until July 15, 2015 to file a motion for attorneys’ fees and costs, and Bank of America has until August 10, 2015 to respond.

DONE AND ORDERED.

And here is the court information. Click here.

Aug. 08–A Jacksonville federal judge has issued a sharp critique of Bank of America in a case involving a Jacksonville couple where the bank mishandled court filings and began a years-long process of trying to collect a non-existent debt and falsely filing for foreclosure.

Bank of America ruined…

see DOC080715 Balch v LaSalle Bank Fla. 4th DCA 8-5-15

A court that gets it! Reversed and remand with orders to enter involuntary dismissal! Finally the smoke and mirrors are clearing out. This court has pierced through the paperwork and is asking “how do we know there is any reality to what is stated on the paperwork relied upon by the foreclosing party?” In other words, show me the real transaction, prove the payments. Let’s see if any real transaction ever took place. By raising the issue of INTENT the Court is saying to the banks “we…

A class action lawsuit claims Michigan ignores due process when overseeing tax foreclosures. The Gongwer news service first reported on the lawsuit. Plaintiffs say the state does not hold impartial hearings so that people can appeal foreclosure decisions.

“Despite the Michigan Legislature’s 1999 overhaul of the tax foreclosure process, the State is stuck in time and completely disregards one of the opportunities for a delinquent taxpayer to make the case that the State should not be allowed to take their property for delinquent taxes via a show cause hearing,” the lawsuit reads. “Instead, the State convenes its own non-judicial mass meetings with delinquent taxpayers in Lansing, Michigan. “

The state handles tax foreclosures for several counties. The state lists Branch, Clinton, Dickinson, Iosco, Keweenaw, Livingston, Luce, Mecosta and Shiawassee counties, and the lawsuit claims Michigan also oversees tax foreclosures in Eaton County.

The Michigan Department of Treasury declined to comment…

Stopforeclosurefraud website:

coming this Sunday August 9th 2015 — you don’t want to miss The Foreclosure Hour –

We want the world to know what happens when one stands up to the mortgage fraud industry, including law enforcement. 

w/ Special Guests

David Krieger

Hector Acosta

&

Armado Ramiriez

EVERY SUNDAY
3:00 PM HAWAII
6:00…

Not waiting for regulators — including state-government agencies — to expand protection of senior customers, Wells Fargo has decided to allow its brokers to interfere, even if the action could lead to lawsuits, Financial Advisor magazine writes.

Regulators certainly seem to be looking into ways to curb elder abuse. Finra launched a senior help line in April and — according to Gerri Walsh, head of Finra’s Investor Education Foundation — has already received 1,000 calls from brokerage clients as well as executors and beneficiaries of estates, reports the magazine.

But Wells Fargo is preparing to tackle the issue. Appearing at a Practising Law Institute seminar last week, Wells Fargo managing counsel Beverly Jo Slaughter said the firm’s brokers will be able to stop transactions if they suspect fraud — regardless of whether they have legal authority — even at the risk of getting sued, Financial Advisor reports.

While Wells…