mortgage backed securities

Are banks too big to jail?

nebris wrote in the_recession Jan 24, 2013 08:45

From Salon.com
Wednesday, Jan 23, 2013 10:09 AM PST
PBS Frontline's stunning report shows how the Obama administration undermined the rule of law
By David Sirota

( Read more... )

credit default swaps, credit rating agencies, derivatives, journalism, collateralized debt, global financial trainwreck of 2007-?, 52 week lows, fraud, mortgage applications, real estate bubble, bailouts, tarps gone wild, banking sector, anatomy of a meltdown, mortgage backed securities, the great crash of 2007-2009, economic collapse, loan defaults, bank lending, crime, 'capitalism', eliot spitzer, citigroup, class war, washington, 50 state slump, obama administration, rating agencies

Maddow on Mortgage Fraud-NC County Recorder sues big banks for dozens of instances of "fraud"

nebris wrote in the_recession Mar 25, 2012 19:30

By Gaius Publius on 3/25/2012 02:48:00 PM

"The banks could start losing these cases," says Maddow. Yes, there's hope - the real kind.

This is an excellent primer on the mortgage mess (it's actually a crime scene, as you'll see). Very watchable, easily grasped. Please take time, if you have it, to view. This is ground-zero for the greatest ( Read more... )

banking sector, global financial trainwreck of 2007-?, mortgage backed securities, foreclosuregate, crime, fraudclosure, 'capitalism'

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Quote of The Day

nebris wrote in the_recession Feb 10, 2012 11:51

"Near the end of a society or civilization, they typically become very corrupt. Either the government runs the businesses or the businesses run the government." ~Marc Faber [Source]

tags: mass democracy has failed, the corporate state, the collapse of the republic

lobbyists, outsourcing, credit default swaps, ponzi scheme, global financial trainwreck of 2007-?, reaganomics, marc faber, insider trading, income inequality, bailouts, tarps gone wild, banking sector, mortgage backed securities, austrian economics, foreclosuregate, 'capitalism', supply-side economics, class war, starve the beast, corporate welfare

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The Arc of Justice - The Ibanez Case Ruling

sophiaserpentia wrote in the_recession Jan 11, 2011 13:44

From a post at The Economic Populist

What is beginning to unfold before our eyes is a situation which can only be comprehended with jaw-dropping incredulity.

The Too Big To Fail banks have been waiting with trepidation for a ruling from the Supreme Judicial Court of the State of Massachusetts on the case titled US Bank National Association ( ( Read more... )

anatomy of a meltdown, mortgage backed securities, foreclosuregate, wells fargo, fannie mae, freddie mac, collateralized debt, foreclosures, lehmann, fraudclosure

How the Fed let small banks take on too much debt, then fail

nebris wrote in the_recession Dec 24, 2010 14:26

From McClatchyWednesday, December 22, 2010 ( Read more... )

ponzi scheme, global financial trainwreck of 2007-?, monetary policy, banking sector, anatomy of a meltdown, mortgage backed securities, fannie mae, economic collapse, federal reserve, bonds, corporate defaults, 'capitalism', alan greenspan, deregulation, bubbles, corporate bonds

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Taibbi on the fall of Ernst & Young

nebris wrote in the_recession Dec 20, 2010 20:49

by Gaius Publius on 12/20/2010 04:20:00 PM

Chris in Paris has noted the coming civil fraud charges against the Ernst & Young accounting firm by NY prosecutors. That post well describes the allegedly fraudulent use of the Repo 105 accounting technique in its handling of the books at Lehman Brothers.

Now Matt Taibbi weighs in. ( Read more... )

financial crisis, banking sector, mortgage backed securities, credit default swaps, crime, ponzi scheme, economic shocks, 'capitalism', corporate defaults, house of cards, global financial trainwreck of 2007-?, lehmann, fraud

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Nationwide Title goes on attack against vocal critics

nebris wrote in the_recession Dec 13, 2010 15:02

From tampabay.comBy Susan Taylor Martin, Times Senior Correspondent ( Read more... )

banking sector, mortgage backed securities, foreclosuregate, loan defaults, mortgage defaults, crime, ponzi scheme, subprime, 'capitalism', global financial trainwreck of 2007-?, foreclosures, fraud, mortgage delinquency rates, mortgage applications, fraudclosure

What Good Is Wall Street?

nebris wrote in the_recession Nov 28, 2010 06:29

( Much of what investment bankers do is socially worthless. )

financial crisis, credit default swaps, derivatives, bankruptcies, ponzi scheme, global financial trainwreck of 2007-?, investments, corporate profits, real estate bubble, bailouts, liquidity traps, banking sector, stock markets, bank of england, mortgage backed securities, economic collapse, bonds, 'capitalism', corporate defaults, house of cards, bank of america, citigroup, tulips, tarp, goldman sachs, debt, corporate bonds, corporate welfare, bubbles

Just When You Thought it was Safe...

cieldumort wrote in the_recession Nov 24, 2010 16:31

financial crisis, banking sector, robo signing, mortgage backed securities, fraud, fraudclosure

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'Robo Signing' Scandal May Run Deep: Gov. Watchdog

cieldumort wrote in the_recession Nov 16, 2010 18:34

HuffPost
'Robo-Signer' Foreclosure Scandal May Threaten Fundamental Financial Stability, Government Watchdog Warns

The ongoing "turmoil" roiling megabanks and their faulty home foreclosure practices may represent deeper, more systemic problems regarding the origination, transfer and ownership of millions of mortgages, potentially putting Wall ( Read more... )

financial crisis, banking sector, robo signing, mortgage backed securities, foreclosuregate, fraud

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