“Stay in Your Homes – You Are Going To Find They Don’t Have That “Paper” Up There On Wall Street”

One of the outstanding interviews after President Obama announced there would be an investigative task force into the Wall Street banks’ mortgage fraud was aired on The Rachel Maddow Show on Jan. 28, 2012.  It is a MUST WATCH TV interview – click here.

New York Attorney General Eric Super-Schneiderman has been appointed by President  Continue reading

The Cow Jumped Over the Moon – There Are Judges Killing the Titles

Reading the biased judicial opinion in the transcripts of the Florida case, Deutsche Bank vs. Renee Cuenca compels the apparent need to make an early opening statement.

Maybe it needs to be dialogue on a new television series – like “Fraud & Foreclosure” … or “Un-Justice”.

The Cuenca transcripts – like the more recent foreclosure orders dissing the borrowers’ rights to challenge the Assignment of Mortgages, instill a vivid picture of the “cow jumped over the moon.”  How does the Judge get from point A to point D without connecting the dots? Continue reading

“Crappy settlements” have become a cheap payoff system not serving the public interest.

It will only continue to get worse. What will it take for our politicians and government to understand that the securities fraud committed by Wall Street and their associates have created joblessness, homelessness, foreclosure and eviction that has affected families across the country? How can we continue to ignore the enormous wrongs?

Judge Rakoff was right when he told the Securities and Exchange Commission that their deal with Citigroup Global Markets, Inc. was not transparent enough and stated,
“[T]he Supreme Court has repeatedly made clear, however, that a court cannot grant the extraordinary remedy of injunctive relief without considering the public interest.”

The public interest has been sorely damaged by the fraud committed by the Wall Street Continue reading

Credit Default Swaps: The Insane Problem and the Radical but Sane Solution

With nearly 4 solid years of foreclosure injustice spewing from the courts and millions of homeowners continuously getting skunked, it has become a necessity to figure some way to explain to even the brightest (judge) on the bench the answer to, “[D]id you pay?” 

It doesn’t matter what state (although some are a lot worse than others) or what faction of the judiciary, state, federal, bankruptcy, appellate – the question they always ask, “[D]id you pay?”  We’ve all heard the standard answers:

  • “I don’t know who to pay…”
  • “I owe someone, but it’s not these guys…”
  • “I lost my job, but I can pay now and they won’t take my money…”
  • “All I need is a little reduction in my monthly payment…”

The list goes on – but the real answer if there is a trust involved might be, “Well, your honor, I don’t think I’m in default.” And of course the judge is going to say, “why is that – did you pay?” And the likely response might be, “your honor, there’s these things called Credit Default Swaps and my note is Continue reading

Joe Biden “Gets It” – “God-awful Ponzi schemes” that Wall Street engaged in

Biden: Because of Bush Administration and Wall Street ‘People Died’ and ‘Homes Burned’

October 19, 2011

(CNSNews.com) – Vice President Joe Biden said Wednesday that “people died” and “people’s homes burned to the ground,” because the Bush administration allowed “God-awful Ponzi schemes” on Wall Street.

Speaking at a rally to promote a piecemeal provision of President Obama’s jobs proposal, Biden told police and firefighters that the budget shortfalls of state and local governments were not attributable to state and local governments.

“Those of you know it’s not really the fault of your mayor or your government,” the vice Continue reading

How & Why the Big Banks’ Lobbyists Killed Foreclosure Mitigation

BIG BANKS OWN CALIFORNIA TOO
By Lee Fang, October 8, 2011

As the 99 Percent Movement takes shape across the country, citizens are demanding that Congress represent the public interest instead of the whims of bankers and big corporations. For instance, after demanding and receiving massive bailouts, Wall Street banks successfully lobbied Congress to crush any serious effort to mitigate the foreclosure crisis. The spectacular bank lobbying coup in Washington prompted Sen. Dick Durbin (D-IL) to remark that the banks “frankly, own the place.” [read more on NationofChange.org].

And the answer to the $10 million question…. Whose fault is that, Dick? Tic toc, tic toc…. Continue reading

Occupy Wall Street – Focus on Our One Demand

The poster of this news clip is correct – this is what we should be focusing on. “Dylan Ratigan knows what he’s talking about and the way he says it is too epic. So spread this video and let the people know this should be what OWS should be focusing on. That this has to be our one demand.”  Thank you Dylan, for your passionate message.

Dylan Ratigan is clear about what is happening to our country – listen up citizens. It doesn’t matter if Continue reading

‘Wall Street Broke This Country — One Lousy Mortgage At A Time’

Elizabeth Warren: ‘Wall Street Broke This Country — One Lousy Mortgage At A Time’

Zeke Miller | Oct. 9, 2011, 11:28 AM

Massachusetts Senate candidate and former Obama administration official Elizabeth Warren laid into the financial sector for their role in bringing about the recession.

Asked about her position on the Occupy Wall Street protest at last week’s Massachusetts Senate debate, Warren said that people have to follow the law, then immediately launched into an invective against the banks.

“The people on Wall Street broke this country, and Continue reading

Wall Street reform also must address the powerful and secretive Federal Reserve

Sen. Bernie Sanders (I-Vt.), 03/28/11. (photo:  Getty Images)
Sen. Bernie Sanders (I-Vt.), 03/28/11. (photo: Getty Images)

Wall Street Protests: A Good Place to Start
By Sen. Bernie Sanders, The Boston Globe
07 October 11

he protest movement called Occupy Wall Street has struck a nerve. The demonstrators’ goals may be vague, but their grievances are very real. If our country is to break out of this horrendous recession and create the millions of jobs we desperately need, if we are going to create a financially-stable future, we must take a hard look at Wall Street and demand fundamental reforms. I hope the protesters provide the spark that ignites that process.

The truth is that millions of Americans Continue reading

Death, Depression, Desperation and Despair; the homelessness of foreclosure is an atrocity of untold magnitude

In an effort to appear hunky-dory for the APEC Summit embarking on its shores in November 2011, Tulsi Gabbard and Honolulu city council wanted to pass legislation (Bill 54) to be able to “dispose” of the belongings of street people, many of which are families that have been displaced by foreclosure – a growing number that has been largely ignored by state and federal governments. Continue reading