Specifically, the Federal Housing Finance Agency (FHFA), in consultation with Treasury and HUD, seeks new options for selling foreclosed one-to-four unit properties held by Fannie Mae, Freddie Mac, and the Federal …
Original post:
The US Government and the Foreclosure Crisis … – Foreclosure Fraud
As of June 30, Fannie Mae had 135719 single-family properties; Freddie Mac, 60599; and the Federal Housing Administration, …Can Turning Foreclosures into Rental Properties Save […] Solving Foreclosure Crisis, a Rental …
Read the rest here:
Some AFL-CIO unions boycotting 2012 Democratic … – Foreclosure Fraud
As of June 30, Fannie Mae had 135719 single-family properties; Freddie Mac, 60599; and the Federal Housing Administration, …Can Turning Foreclosures into Rental Properties Save […] Solving Foreclosure Crisis, a Rental …
Follow this link:
Herman Cain and the Pokemon connection | War … – Foreclosure Fraud
2010 Mortgage Fraud Report Federal Bureau of Investigation (press release) 4 Online Report; Mortgage Fraud is Rising, With a Twist, 23 August 2010, Wall Street Journal, available at http://online.wsj.com/atricle/SB10001424052748703824304575435383161436658.html, accessed 13 December 2010. 5 Online Report; Federal Reserve Bank … and more
With this sordid scam as a backdrop, some in Congress see a bright future for Fannie and Freddie as rehabilitated, profitable Federal lenders – why just think of the “savings.” American consumers are besieged by …
Read more here:
“Savings” Scam – The American Consumer Institute
8 (Bloomberg) — Standard & Poor's lowered credit ratings on debt issued by U.S.-backed lenders including mortgage giants Fannie Mae and Freddie Mac, citing its own Aug. 5 downgrade of the federal government's AAA status. …
See the original post:
S&P Lowers Fannie, Freddie Citing Reliance on Government «
Biz Break: Wall Street and LinkedIn, the day after San Jose Mercury News (AP Photo/Jin Lee) One day after the largest single-day decline for the Dow Jones industrial average since the Great Recession, Wall Street was still far from stable. The Dow started the day on a positive note, with the federal government's jobs report … and more
The US Federal State caused the economic contraction by coercion(violent regulation and inflation). Fannie /Freddie/The Fed/HUD/CRA/State coercion caused the economic contraction, not Gramm-Leach-Bliley. cyriltogho …
Here is the original post:
Without Regulation Capitalism Is Theft|insurance|money|banking …
AG Firings Draw Broader Criticism, Calls Ring Out for Federal Inquiry The Bradenton Times Critics contend that since McCollum's investigation made national headlines during the peak of the 2010 campaign, with several citing LPS by name (including dozens in Florida papers and even the Wall Street Journal on more than one occasion), … and more
BankInfoSecurity.com Card Fraud : The Case for Chips BankInfoSecurity.com They are thinking that if they invest in it, they will get the 1-cent incentive for fraud prevention,” which is afforded by the Durbin amendment, to the Dodd-Frank Wall Street Reform and Consumer Protection Act. The amendment gives the Federal Reserve … and more
United States Attorney’s Office Southern District of Florida July 21, 2011 Press Release Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, and John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, announced that defendant Barry Minkow, 44, of San Diego, California, was sentenced today on
View original post here:
Barry Minkow Sentenced to Five Years’ Imprisonment on Stock Manipulation Conspiracy
The Federal Trade Commission and Treasury department announced yesterday that they were beginning a crack down on loan modification scams nbsp They charact… … have you tried to contact a non-profit counselor? If you do not a have a Freddie or Fannie loan you are alone. reputable, proven loan modification companies will not go away…why? because people need help. Remember the worst nine words in the English language….”I'm from the government, and I'm here to help.” …
See more here:
Articles 20VN | Mortgage Lenders – The Real Scam Artists …
Criminalization without Justification Heritage.org (blog) The Wall Street Journal this weekend documented several sad features of the federal government's proliferation of poorly written criminal laws, many of which leave it to prosecutors to pick and choose which Americans to prosecute as criminals. … and more
Lenders say newly mandated swipe fees will drain revenue Las Vegas Business Press In 2010, the Wall Street Reform and Consumer Protection Act required the Federal Reserve to ensure that the fee was “reasonable.” The Fed settled on a maximum fee of 21 cents plus 0.05 percent of the transaction amount, which works out to about 24 … and more
Oversight: As the hearing to give approval to the final settlement for the Pigford farmers approaches, it's time to investigate this classic case of waste, fraud and abuse. … Fannie Mae, Fascism, FBI, FCC, FDIC, Federal Aid, Federal Aviation Administration, Federal Election Commission, federal employees (civilian), federal funding, Federal Government, Federal Housing Administration, Federal Judges, federal mandates, federal regulations, Federal Reserve …
Follow this link:
Probe Pigford Fraud – Common American Journal
Wells Fargo has been hit with a $85m civil penalty by the Federal Reserve over charges it steered borrowers into high cost subprime loans
The rest is here:
Wells Fargo fined $85m over subprime loans
(Source: United Press International) – Philadelphia crime boss Nicodemo Scarfo helped run a scam to cheat a Texas financial firm from his federal prison cell,
Original post:
Jailed Mobster Suspected in Finance Scam | LoanSafe.org
WASHINGTON, D.C. – March 18, 2011 – (RealEstateRama) — The operator of a defunct money-making scam has agreed to settle a federal court judgment the Federal Trade Commission obtained against him in 2007 for falsely …
Read the original:
FTC Halts Timeshare Property Resale Scam; Telemarketers Falsely …
(From USA Today) — Federal employees’ job security is so great that workers in many agencies are more likely to die of natural causes than get laid off or fired, a USA TODAY analysis finds. Death — rather than poor performance, misconduct or layoffs — is the primary threat to job security at the Environmental Protection Agency, the Small Business Administration, the Department of Housing and Urban Development, the Office of Management and Budget and a dozen other federal operations. The federal government fired 0.55% of its workers in the budget year that ended Sept. 30 — 11,668 employees in its 2.1 million workforce. Research shows that the private sector fires about 3% of workers annually for poor performance, says John Palguta, former research chief at the federal Merit Systems Protection Board, which handles federal firing disputes. The 1,800-employee Federal Communications Commission and the 1,200-employee Federal Trade Commission didn’t lay off or fire a single employee last year. The SBA had no layoffs, six firings and 17 deaths in its 4,000-employee workforce. Read more .
See the rest here:
Some federal workers more likely to die than lose jobs
Bloomberg reports Federal Reserve Needs QE3 to Boost Economic Growth, Berkeley’s DeLong SaysThe Federal Reserve should engage in another round of quantitative easing as growth in the U.S. economy remains slow and inflation concern remains low, according to Bradford DeLong of the University of California at Berkeley. “I don’t see any argument against QE3,” Delong said during an interview on Bloomberg Television’s “Surveillance Midday” with Tom Keene. “The worry is always that it will …
Excerpt from:
University of California Economist Bradford DeLong is Blind: "I Don’t See Any Argument Against QE3"
Freddie Mac, Fannie Mae and the Federal Housing Administration are lowering the maximum loan amounts that the agencies will guarantee in more than 850 counties in the United States. … Ruth Muto on US Loan Auditors, My US Legal Services: Brown Files $60 Million Lawsuit Against Fraudulent Forensic Audit Loan Modification Scam ; LaDonna Thomas on First Universal Lending: FTC Stops Bogus Loan Modification Firm
Since the federal budget is about $3.8 trillion and is riddled with waste, fraud , and abuse, this sounds like great news. But, as you can imagine, things are never what they seem in Babylon on the Potomac. As I've repeatedly noted ….. Smaller government and a respect for the constitution my sweet fannie ! I can't think of single other republican who has done anything to substantially “walk the walk” on any “smaller government” issue. And no, I don't count …
Read the original here:
Washington's Never-Ending Scam of Fake Spending Cuts – Big Government
Los Angeles Times California's fraud suit against Villalobos can proceed, judge rules Fresno Bee The suit says Villalobos bribed Buenrostro and others to help secure billions in investments for Villalobos' Wall Street clients. Villalobos earned about $50 million in commissions from his clients' CalPERS deals. Villalobos, Buenrostro and others … California can Continue Lawsuit Against Villalobos, Federal Judge Rules LoanSafe all 7 news articles
Moneycontrol.com Regions Restructures Three Units Zacks.com According to The Wall Street Journal, Regions is putting Morgan Keegan on the block to raise capital and repay the federal government. While such charges will dent Regions' reputation and financials, this will be a relief for investors, who have lost … Charges Settled, Icon Put on Sale Wall Street Journal Morgan Keegan paying $200M to settle fraud charges USA Today Wall Street banks settles over mortgage crisis role Legalbrief (subscription) Memphis Daily News
US lawmakers are urging the Federal Communications Commission to allow time for comprehensive testing of measures by LightSquared to address aviation interference concerns
See the article here:
Lawmakers push for more LightSquared tests
New York Times (blog) Regions Settles Mortgage Fraud Zacks.com According to the Wall Street Journal, Regions is putting up Morgan Keegan for sale in a bid to raise capital and repay the federal government for its funds. The SEC has stepped up its investigation on Wall Street companies enquiring about a number of … Charges Settled, Icon Put on Sale Wall Street Journal Morgan Keegan paying $200M to settle fraud charges USA Today Morgan Keegan Settles Fraud Claim, Sale Possible Memphis Daily News MarketWatch all 369 news articles
The Federal Reserve will force more banks to submit to new annual capital tests, allowing US officials to veto dividends and share buy-backs at any group with more than $50bn in assets
Here is the original post:
Federal Reserve widens net for capital tests
Homeowners facing foreclosure trusted company's strategy LoanSafe “I've lost everything. I work all day, every day, trying to make money to pay my investors. I'm one of the few who stays in this crazy game.” Marcus said he hasn't paid a mortgage payment on his personal home in three years. Indymac Federal Bank filed …
Follow this link:
Homeowners facing foreclosure trusted company’s strategy – LoanSafe
The New York Federal Reserve is investigating allegations of misconduct by the mortgage servicing arm of Goldman Sachs
Read the original:
NY Fed probes Goldman unit
The insurance group and its largest investor, the US Treasury, are poised to raise at least $8.7bn through a sale of stock on Tuesday, handing the federal government a small profit on the deal, people familiar with the matter said
Read more here:
Treasury set to make small profit in sale of AIG stock
ETF Trends Goldman Sachs Spent $292 Million on In-house Legal in 2010 Corporate Counsel Goldman Sachs paid out over $700 million to attorneys last year in the aftermath of the Wall Street crisis, during which the controversial actions of the giant investment bank took center stage. According to The Wall Street Journal, at a shareholder … Goldman Braces for Federal Subpoenas Wall Street Journal all 45 news articles
People have been sending me an article all evening that says Ron Paul proposes selling gold to pay down the national debt. The article is nonsense and it took me all of 5 seconds to spot the error. Somehow the New York Sun confused Ron Paul with some clown I have never heard of named Ron Utt, or the Sun misrepresented a statement Paul made. Please DON’T consider Selling Gold at Fort Knox Emerges as Next Big Question in Debate on Federal Debt LimitThe next big question on the federal debt …
Go here to read the rest:
Ron Paul Says Sell Gold to Pay Down National Debt? No Chance
Salon Why isn't Wall Street in prison? Salon It seems to me that the various governments – Federal, State, and Local as well as any number of individuals – have taken it in the shorts because of the gambling done by Wall Street financiers. They should sue the investment banks and individual … No Jail for Economic Crisis May Mean No Crime: Roger Lowenstein Bloomberg all 5 news articles
The US Federal Trade Commission has indicated that the group’s gathering of information from iPhone users who turned off location services make it vulnerable to legal action
See the article here:
Apple open to lawsuit over data collection
The US Federal Trade Commission has approached other internet companies to ask about Google’s dominance of the internet search business
Continued here:
FTC surveys internet companies on Google
Jeff Immelt, the chief executive of General Electric, has stepped down from the board of directors of the New York Federal Reserve, “to free up time to focus on other responsibilities”
Read the original here:
Jeff Immelt resigns from NY Fed’s board
AT&T and T-Mobile USA plan to file paperwork about their planned merger with the Federal Communications Commission next week
Read the rest here:
AT&T deal with T-Mobile faces tough review
Sam Antar, former CFO of massive fraud Crazy Eddi talks on Fox Business Network about how the U.S. government uses accounting tricks to conceal the reality of the federal budget. Watch the latest video at video.foxbusiness.com
View original post here:
U.S. government lies to taxpayers using accounting gimmicks
Via emergency lending mechanisms recently released data shows that 111 banks the fed tried to keep alive via emergency lending procedures ultimately failed. Please consider the New York Times article Fed Help Kept Banks Afloat, Until It Didn’tDuring the frenetic months of the financial crisis, the Federal Reserve stretched the limits of its legal authority by lending money to more than 100 banks that subsequently failed. The loans through the so-called discount window transformed a …
Read the original post:
Fed Lending Increases Ultimate Cost of Bank Failures; 111 Banks Fed Lent Money to Failed
A Rasmussen poll says 57% Okay With Government Shutdown If It Leads to Deeper Budget CutsA majority of voters are fine with a partial shutdown of the federal government if that’s what it takes to get deeper cuts in federal government spending. A new Rasmussen Reports national telephone survey finds that 57% of Likely U.S. Voters think making deeper spending cuts in the federal budget for 2011 is more important than avoiding a partial government shutdown. Thirty-one percent (31%) disagree and …
Originally posted here:
Rasmussen Poll: 57% Okay With Government Shutdown If It Leads to Deeper Budget Cuts
The Financial Times reports US Banks in ‘Cash for Keys’ Foreclosure TalksThe five biggest US mortgage servicers were told this week at a private meeting with regulators to consider paying delinquent borrowers up to $21,000 each as part of a broader settlement of the foreclosure crisis. People who attended the meeting, chaired by the Federal Deposit Insurance Corporation on Monday, said the industry-wide “cash for keys” program would involve the biggest servicers, led by Bank of America paying …
Original post:
FDIC "Cash for Keys" Proposal Would Pay Underwater Homeowners $21,000 to Walk Away; In Prison for Taking a Liar Loan
The US Federal Reserve has rejected Bank of America’s plan to raise its dividend in the second half, dealing the lender and its shareholders an unexpected blow
The Federal Deposit Insurance Corporation is seeking to recover $900m in damages from three former executives of Washington Mutual, the largest retail bank to fail in US history
American International Group has offered $15.7bn in cash to buy back a portfolio of mortgage-backed securities from the Federal Reserve
Read the original here:
AIG offers $15.7bn to buy back securities from Fed
Life without Fannie and Freddie is the rare goal shared by the Obama administration and House Republicans, although it will not happen soon. Congress must agree on a plan, which could take years, and then the market must be weaned slowly from dependence on the …. Filed under: Debt, Fraud, Consumer Ally, MortgagesNearly 1500 consumers ripped off by a mortgage loan modification and foreclosure rescue scam will be receiving refund checks from the Federal Trade Commission. …
See the original post here:
Without Loan Giants, 30-Year Mortgage May Fade Away
Kansas City Star Scammers set traps for job hunters Kansas City Star Earlier this week, the Federal Trade Commission announced a crackdown on employment and work -at- home scams . More than 90 companies and individuals were targets of lawsuits or judgments by the FTC's Operation Empty Promises. •National Sales Group and I …
See the original post here:
Scammers set traps for job hunters – Kansas City Star
Fewer scams , lower rates: End state's reputation as the national center of … Palm Beach Post (blog) Florida is also home to plenty of Medicare and Medicaid scams , but the state needs to work with the federal government in cracking those rings. With auto fraud, Florida is in the driver's seat. and more
N.J. Consumer Affairs sues Mendham-based work -at- home company newjerseynewsroom.com The lawsuit, which the division announced Wednesday, is part of “Operation Empty Promises,” a nationwide crackdown against work -at- home scams . Operation Empty Promises is a multi-agency law enforcement initiative which includes 10 Federal Trade … and more
SBS (blog) Awards spotlight Wall St corruption SBS (blog) Inside Job looks at the fraud on Wall Street and the financial crisis. (AP) Murmur, murmur, murmur, went the audience, not knowing whether to applaud, boo, or ignore the sudden seriousness tossed into a throwaway night. But according to the Federal …
Read the original:
Awards spotlight Wall St corruption – SBS (blog)
Wall Street needs this Beast The National Law Journal That's what we had on Wall Street in 1929 when the market crashed, bringing with it the Great Depression. As a result, the federal government got in the business of regulating the financial markets. The creation of the SEC was a centerpiece of those … Financial Regulators Have the Juice, But Feel the Squeeze TIME (blog) Blank Rome LLP > The Dodd-Frank Actrsquos ldquoIncentivizedrdquo Whistleblower … Linex Legal (press release) (registration) all 40 news articles