Tag Archive

Judge rules bank failed to prove ownership of couple’s mortgage

Published on January 17, 2011 By admin

The following article is brought to you by Suevon Lee at Ocala.com. The facts aren’t unusual: In 2008, a couple in Reddick defaulted on a home mortgage and the bank pursued foreclosure. The couple contested the action. But the outcome defies the usual pattern. The defendants prevailed at a non-jury trial and, to date, have […]

Madoff trustee sues JPMorgan for $6.4 billion

Published on December 4, 2010 By admin

The following article is brought to you by Aaron Smith at CNN MONEY. NEW YORK (CNNMoney.com) — The court-appointed trustee for the liquidation of Bernard Madoff’s estate is suing JPMorgan Chase for $6.4 billion for allegedly aiding the most massive Ponzi scheme in history. The trustee, Irving Picard, is suing the banking company for “nearly […]

Foreclosure Hearings Show Homeowners Who in Washington Cares

Published on November 23, 2010 By admin

The following article is brought to you by Richard Zombeck founder of ShametheBanks.org at The Huffington Post. I know that even as I write this, that no amount of proof or testimony from experts will stop seemingly sanctimonious, self-righteous ignoramuses from making comments about deadbeat homeowners who caused the entire economic meltdown because they simply […]

Trading Places: Fraud in the Commodities Market

Published on November 23, 2010 By admin

The following article is brought to you by Vivian Norris at The Huffington Post. In the brilliant 1983 film Trading Places the WASPish commodity-trading brothers of Philadelphia’s Duke&Duke, decide to teach Billy Ray (Eddie Murphy) about the Commodities market. Little does Billy Ray know both he and the fallen frat-boy character played by Dan Aykroyd, […]

Foreclosure Class Actions Pile Up Against Banks

Published on November 19, 2010 By admin

The following article is brought to you by Marcy Gordon and Pallavi Gogoi at The Associated Press. NEW YORK (AP) — Foreclosure-fraud class action lawsuits are starting to pile up against major banks across the country, threatening a besieged industry with billions more in potential losses. Bank executives are swarming Capitol Hill this week to […]