The Banks Show No Mercy: 10 Foreclosure Horror Stories That Will Blow Your Mind

unfair deceptive and unconscionable acts in foreclosure cases

By: Michael | End Of The American Dream During the last housing crash, the big banks begged the federal government for help and they received it, but when average Americans ask the big banks for help most of the time

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Promontory Financial Group: Former Regulators Find a Home With a Powerful Firm

revolving door

By: Ben Protess & Jessica Silver-Greenberg | NY Times The consulting firm is filled with so many former bureaucrats and political insiders that it has become known as Wall Street’s shadow regulator. Nearly two-thirds of its roughly 170 senior executives

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NY case – Standing requirement still in force * US Bank Loses – Again

Court Pillar

By: Dan Harris | Examiner.com On October 17, 2012, the Queens Civil Supreme Court posted a ruling issued a week earlier in a 2 year old foreclosure case. The Honorable David Eliot, Justice of the Queens County Supreme Court issued

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OCC Misses Another Conflict of Interest: Foreclosure Review Outreach/Payment Processor Rust Consulting Owned By Residential Real Estate Player Apollo, Being Sold to VC Arm of Citigroup

Rust Call Center

By: NakedCapitalism t appears that the Office of the Comptroller of the Currency and the Fed dropped the ball yet again on vetting firms involved in the Orwellianly-named Independent Foreclosure Review (IFR) for conflicts of interest. Michael Olenick’s expose on

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Wells Fargo 401(k) Loans Jump 28% as Older Workers Borrow

insurer deficit arrow

By: Margaret Collins | Bloomberg The number of people taking loans from their 401(k) retirement accounts increased 28 percent in the fourth quarter from a year earlier as older workers tapped their savings, according toWells Fargo (WFC) & Co. The number

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Cheap Mortgages Are Hiding the Truth About Home Prices

cheap mortgage House

By: Karen Weise | Businessweek At first blush, home buying looks quite affordable right now. New data from real estate website Zillow (Z) show that if a person earning the median income of $52,513 buys a home at the median price of $157,400, he

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Kiss THAT! Prince sues debt collection agency to recover more than $116K

Prince

By: VIRGINIA SKEELS | DailyMail.co.uk Stories of collection agencies going after debts owed by celebrities are nothing new. But musician Prince has turned the tables on Capital Asset Protection, filing a lawsuit against the Calabasas-based company for allegedly taking more than

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“Beat Da Rap” By Shady D

jamieRapper

By: WrongedFellow Knowing how much our Commander-in-Chief likes a good rap song, I penned this ditty with him in mind. Thanks to his help, we beat the rap. Look out Jay Z, “The Commander-in-Thief” Shady D is in da house!

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Federal Reserve Officials Leave For Wall Street With Privileged Info

revolving door

By: Ryan Grim & Ariel Edwards-Levy | HuffingtonPost WASHINGTON — The Federal Reserve may be making an effort to open up some of its famously opaque decision making, but the newfound interest in transparency doesn’t extend to sharing records of

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The Entire Economy Is a Ponzi Scheme

ponzi scheme for dummies

Ponzinomics By: WashingtonsBlog Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky, the Wall Street Journal and many others say that our entire economy is a Ponzi scheme. Former Reagan budget director David Stockman just agreed: So did a top

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