Tags: foreclosure

Schneiderman blows statute, HuffPo blows coverage

Schneiderman blows statute, HuffPo blows coverage

In a mildly sourced report by the Huffington Post about ‘private’ conversations between a handful of senators and the Attorney General of New York, who is also a co-chair of President Barack Obama’s task force investigating the frauds carried out by the nation’s largest banks against investors in mortgage backed securities, groups including retired teachers and civil service employees, Eric Schneiderman conveyed that he is concerned that his concerns about the public’s growing concerns that the enforcement work group is nothing more than a toothless and supine act of public relations kabuki to cover for the inaction on the part […]

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enforcers settle, bankers sue

Barclay’s bank was sued today for fraud related to the sale of mortgage-backed security investments by the German bank HSH Nordbank, which is seeking over $46 million in damages. Nordbank said in a statement, “all of the mortgages weren’t assigned to trusts backing the securities as promised,” and as law requires. The bank’s attorneys said, “Without such assignment of the mortgages into the trusts, these so-called ‘mortgage-backed securities’ were not actually backed by mortgages.” Nordbank reviewed more than 2000 mortgages that were sold to them by Barclay’s packaged as secured investment vehicles and found that none of the mortgages were […]

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mayor slays bankster-gangster dragon with a single blow

mayor slays bankster-gangster dragon with a single blow

Standing in stark and courageous contrast to lawmakers and police authorities elsewhere, the mayor of a small Spanish town has, in the face of the worldwide economic depression and mafia style drug criminality, decided to grow marijuana to in order to eliminate his town’s crushing bank debt and, at the same time, reduce the violent crime associated with drug prohibition. Spain has an enlightened approach to marijuana use that allows citizens to cultivate cannabis for medical and recreational use but which strictly prohibits the sale and distribution of marijuana. Residents in the village of Rasquera, in Spain’s Catalan region, have […]

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links 01.01.12

links 01.01.12

President Obama Signs Indefinite Detention Into Law – American Civil Liberties Union : President Obama signed the National Defense Authorization Act (NDAA) today, allowing indefinite detention to be codified into law. As you know, the White House had threatened to veto an earlier version of the NDAA but reversed course shortly before Congress voted on the final bill… Science News : Groundwater dropping globally – Satellites find supply falling mostly due to agriculture. Groundwater levels have dropped in many places across the globe over the past nine years, a pair of gravity-monitoring satellites finds. This trend raises concerns that farmers […]

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