By L Randall Wray 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 [...]
Archive for the ‘Fraud’ Category
New York’s U.S. Bankruptcy Court Rules MERS’s Business Model Is Illegal | Huffington Post
Posted in Banking, Foreclosures, Fraud, Legal on February 16, 2012 | Leave a Comment »
New York Sues 3 Big Banks Over Mortgage Database | Reuters
Posted in Banking, Foreclosures, Fraud, Legal on February 3, 2012 | Leave a Comment »
Attorney General Eric T. Schneiderman of New York sued three major banks on Friday, accusing them of fraud in their use of an electronic mortgage database that he said resulted in deceptive and illegal practices, including false documents in foreclosure proceedings. Mr. Schneiderman, co-chairman of a new mortgage crisis unit under President Obama, filed a [...]
Top US Government Insider: Bin Laden Died In 2001, 9/11 A False Flag | Prison Planet
Posted in 9/11, Fraud, Governance, Middle East on May 4, 2011 | Leave a Comment »
By Paul Joseph Watson Top US government insider Dr. Steve R. Pieczenik, a man who held numerous different influential positions under three different Presidents and still works with the Defense Department, shockingly told The Alex Jones Show yesterday that Osama Bin Laden died in 2001 and that he was prepared to testify in front of [...]
Criminal Charges Loom For Goldman Sachs After Scathing Senate Report | Forbes
Posted in America, Banking, Corruption, Economics, Foreclosures, Fraud, Governance on April 14, 2011 | Leave a Comment »
By Halah Touryalai A Senate panel released a damning report accusing the likes of Goldman Sachs of engaging in massive conflicts of interest, contaminating the U.S. financial system with toxic mortgages and undermining public trust in U.S. markets in the months leading up to the financial crisis. Just when you thought Washington lawmakers were over [...]
Report: Big Profits Drove Faulty Ratings at Moody’s, S&P | McClatchy Newspapers
Posted in America, Banking, Corruption, Economics, Foreclosures, Fraud, Governance on April 13, 2011 | Leave a Comment »
By Kevin G. Hall Analysts who reviewed complex mortgage bonds that ultimately collapsed and ruined the U.S. housing market were threatened with firing if they lost lucrative business, prompting faulty ratings on trillions of dollars worth of junk mortgage bonds, a Senate report said Wednesday.The 639-page report by the Senate Permanent Subcommittee on Investigations confirms [...]
Inside Job (Film) – Review & Discussion
Posted in Banking, Film, Foreclosures, Fraud on April 11, 2011 | Leave a Comment »
The Next Housing Shock | 60 Minutes
Posted in Banking, Foreclosures, Fraud on April 3, 2011 | Leave a Comment »















