A former SEC employee, Darcy Flynn, has accused the SEC of destroying thousands of data files on high profile inquiries including an early-stage investigation into convicted Ponzi scheme fraudster Bernard Madoff. While the administration, DOJ and Congress continue to turn a blind eye to the SEC’s alleged unlawful record keeping,…
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According to Democracy Now, New York Attorney General Eric Schneiderman has been kicked off a 50-state task force negotiating a possible settlement with the nation’s largest mortgage companies. The Obama administration has been pressuring Schneiderman to drop opposition to a settlement, which would effectively immunize the nation’s largest banks from…
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Bloomberg news is reporting that $1.2 trillion in public funds were secretly given to top Wall St. banks and brokerage firms. (4)
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Obama administration officials are pressuring New York State Attorney General Eric Schneiderman to settle with banks over unlawful foreclosure practices. Doing so would inhibit Schneiderman and top prosecutors in other states from prosecuting illegal activity, including the bundling of securitized mortgages, which precipitated the unabated foreclosure crisis. (1)
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Rochester homeowner Catherine Lennon prevailed this week against Fannie Mae, Countrywide/Bank of America, and Steven J. Baum’s foreclosure mill when she received a stay of an eviction order pending review of the underlying foreclosure and sale of her home. It is alleged that Lennon’s home was illegally foreclosed upon by…
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Foreclosures in Muskegon County, Michigan have dropped 97% from about 75 per week to about 2 per week after the Michigan Court of Appeals ruled that the Mortgage Electronic Registration System (MERS) could not foreclose by non-judicial process by way of newspaper advertisements. MERS must seek to foreclose by judicial…
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The New York Times reported Monday that AG Beau Biden of Deleware and AG Eric Schneiderman of NY have requested information from Bank of New York Mellon and Deutsche Bank, with regard to their loan orgination and documentation practices, foreclosure procedures [read: fraud], and improper administration of the securitized mortgages.…
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Take Back the Land is a nation-wide movement to elevate housing to the level of a human right and secure community control over land. (3)
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