Tag Archive

FDIC Sues Goldman, JPMorgan Over Mortgage-Backed Securities

Published on August 24, 2012 By admin

The following article is brought to you by Andrew Harris at BusinessWeek.Com. Goldman Sachs & Co. and units of JPMorgan Chase & Co. (JPM) and Ally Financial Inc. overstated the quality of loans underlying mortgage-backed securities they sold to the failed Guaranty Bank in Austin, Texas, according to lawsuits brought by the FDIC as its […]

Does Obama Suck As Bad As Chase?

Published on November 23, 2011 By admin

The following article is brought to you by a friend at ChaseHomeFinanceSucks.Com. Goldman Sachs was President Obama’s number-one private campaign contributor. Hank Paulson, U.S. Treasury Secretary (2006-2009) was CEO of Goldman Sachs and was worth $700 million when George W. Bush appointed him to his Cabinet. Paulson then put Edward M. Liddy, a Goldman Sachs […]

Platinum Citizenship

Published on October 21, 2011 By admin

The following article is brought to you by Dylan Ratigan at HuffingtonPost.Com. About a decade ago, I read an article in The Onion,”U.S. Offers PlatinumPlus Preferred Citizenship”. Apparently, Tim Geithner did too, because from 2007-2011, this is the policy framework that he designed and executed, first as President of the New York Federal Reserve, and […]

‘US bankers stole billions’

Published on October 17, 2011 By admin

The following article is brought to you by PressTV.Com. Please watch this excellent video on what the world occupation is all about at PressTV.Com. After nearly one month of “Occupy Wall Street” protests the campaign against corporate greed, social inequality and the banking industry has gone global. Press TV has interviewed financial journalist and broadcaster, […]

Banks beware: Time is ripe for MBS breach-of-contract suits

Published on September 21, 2011 By admin

The following article is brought to you by Alison Frankel’s “On The Case”, at ThomsonReuters.Com Over the last couple of months Bank of America has taken a stock market and regulatory beating so brutal that it’s reportedly considering the previously unthinkable option of putting Countrywide into Chapter 11. BofA’s mortgage-backed securities exposure seems to have […]