JPMorgan Chase CEO Jamie Dimon has tried his best to suggest that the financial crisis was someone else’s fault. But a batch of court documents released this week undermine this claim, indicating that the bank knew the mortgage investments it sold were seriously flawed. Sen. Kaufman On JPMorgan Chase: Private Lawsuit Found Evidence the Feds…
Tag: Mortgage loan
Obama Told Bankers Today Its OK To Foreclose On American Citizens Who Bailed You Out!
United States Bankruptcy Judge Robert Grossman has ruled that MERS‘s business practices are unlawful. He explicitly acknowledged that this ruling sets a precedent that has far-reaching implications for half of the mortgages in this country. MERS is dead. The banks are in big trouble. And all foreclosures should be stopped immediately while the legislative branch…
U.S. Fraud Foreclosures: Make Them Prove The Mortgage Was Not A Derivative Debt ~ Banks Loose Key ‘Derivative’ Foreclosure Ruling In Top Massachusetts Court.
Many people may have thought that the massive wave of foreclosures must be over by now, roughly four years after the subprime mortgage crisis began. Most banks however were bending over backwards trying to make deals to avoid foreclosing on millions of other people. After giving people months, if not years of leeway, it’s become…
Goldman Sachs Caught Betting Against Derivatives They Sold To The American Public
On the same day as it was announced that Goldman Sachs had been sued by the Federal Housing Finance Agency for violating the law in its sale of mortgage securities, the contents of a Goldman Sachs “Strategy Note” was revealed in a major Italian daily. The document showed that Goldman Sachs is currently playing exactly…
America Is Watching Michael Bloomberg: Disgraced Fannie Mae IS Part Of Obama’s Carbon Scheme!
Mortgage giant set to collect millions marketing homeowners’ energy savings With the Obama administration pushing for cap-and-trade legislation, former Clinton and Obama adviser Franklin Raines has positioned the government-sponsored mortgage giant Fannie Mae to make millions by selling carbon credits from American homes.
Deep State Mortgage Catastrophe
The data for April and May prove that Obama’s plan to rescue those facing mortgage foreclosure is a dismal failure. Since this issue was the cornerstone of his economic program during the campaign, its abject failure is a significant setback for the Administration’s economic plan. In the month ending on May 26th, 464,983 foreclosures of…
60 Million Fatally Flawed House Mortgages
A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for…
