The Big Four accountants dominance of auditing is facing mounting international scrutiny after the UK’s House of Lords launched a review into the firms’ role in the financial crisis
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UK Lords take long hard look at Big Four
Now under Fannie Maes new guidelines, that tenant, if they are lucky enough to have Fannie Mae own that property, or own that note, you may actually get to stay in the house because Fannie Mae has some new guidelines that … …
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AZ REFI – Foreclosure Meltdown Fraud and Scams – Avoid Foreclosure …
Here are a few common scams and the red flags you should look for in a transaction. By Melissa Dittmann Tracey | August 2010Mortgage fraud is pervasive: An estimated $4 billion to $6 billion in annual losses result from mortgage. … often advised to sign over the title of their house to a third party, become renters of their home, not contact their lender, or send mortgage payments to a third party, according to Fannie Mae, which provides fact sheets on mortgage fraud. …
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Real Estate Scams You Need to Know About
5 Real Estate Scams You Need to Know About Don’t be duped by mortgage fraud. Here are a few common scams and the red flags you should look for in a transaction. By Melissa Dittmann Tracey | August 2010 Mortgage fraud is pervasive: An estimated … to sign over the title of their house to a third party, become renters of their home, not contact their lender, or send mortgage payments to a third party, according to Fannie Mae, which provides fact sheets on mortgage fraud. …
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5 Real Estate Scams You Need to Know About
CBC.ca Reid sets vote on Wall Street reform Politico “I will support the Wall Street reform bill to end bailouts, add common sense consumer protections and make sure that Nebraska Main Street businesses are … First thoughts: House play msnbc.com all 2,878 news articles
Globe and Mail White House – Remarks by the President at a Fundraiser for Senate Candidate … ISRIA (registration) She's not going to Washington to represent the oil industry or the insurance industry or the banks on Wall Street . She's not even going there to represent … White House – Remarks by the President at Grassroots Event for Senate … ISRIA (registration) all 544 news articles
Florida roadside signs pop up in bad economy Before It’s News The scam artists commingle with the truly desperate. That sign for a “3/2 Investor Home 39k Ca$h” could be some poor soul losing his house or an unlicensed … and more
WJTV Why a bank-bashing populist Democrat opposed the Wall Street 'reform' bill Capital Times No member of the House has been a harsher critic of the abuses of big banks and Wall Street than Ohio Democrat Marcy Kaptur. In particular, Kaptur condemned … Financial regulation: Not all on the same page The Economist Americans need financial reforms Charlottesville Daily Progress all 141 news articles
Forbes (blog) Fixing Wall Street , Protecting Main Street Center For American Progress By Pat Garofalo | June 29, 2010 Both the House of Representatives and the Senate will soon vote on the Dodd-Frank Wall Street Reform and Consumer Protection … Preparing for the Next Big One New York Times (blog) Text Of Dodd-Frank Wall Street Reform And Consumer Protection Act Wall Street Journal American Bankers Association Opposes FinReg Because It Protects Consumers Too Much Firedoglake (blog) Financial Times
Telegraph.co.uk Text Of Dodd-Frank Wall Street Reform And Consumer Protection Act Wall Street Journal A summary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, released Saturday by the House Financial Services Committee. … Whether financial reforms can really help remains to be seen Detroit Free Press House and Senate Agree on Finance Overhaul New York Times (blog) Wall Street -Friendly Democrat Undercuts Financial Reform, Attacks Average … Huffington Post (blog) Biddeford Journal Tribune
TopNews United Kingdom (blog) Whether financial reforms can really help remains to be seen Detroit Free Press Banking stocks did do well Friday on Wall Street after news that House and Senate negotiators had reached an early-dawn compromise on the overhaul bill. … Consumer Federation Applauds Financial Regulatory Reform Bill Connecticut Watchdog (blog) all 376 news articles
Editorial: House thieves Philadelphia Inquirer The scam artists who forge paperwork to acquire Philadelphia deeds – effectively stealing homes out from under their unsuspecting owners – are exacting a … and more
Fannie Mae gets tough on homeowners who walk away – latimes.com I think this is a crock and would like to know what the litmus test is for deciding if. … They keep comparing things to how it was before this scam of a housing market occured, of course you wanted to keep your house before, it probably had some kind of equity in it and it would cost the same to rent a comparable home.. now a days.. who would want to keep the property that in some places is 50-60% upside …
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Fannie Mae gets tough on homeowners who walk away 6-24-10 LA Times …
HILLSBOROUGH: Residents say man distracted attention as accomplice burglarized … Packet Online The scam , police said, is to take victims outside the house, while another individual enters and removes valuables and property. … and more
Reuters Wall Street -Friendly Democrat Undercuts Financial Reform, Attacks Average … Huffington Post (blog) The Senate conferees negotiating a final Wall Street reform bill approved a measure late Tuesday that purports to protect retail investors yet actually … Ex-banker Himes takes heat on derivatives reform provision The Connecticut Mirror Congress Puts Finishing Touches on Financial Reform TIME US House agrees to put consumer watchdog in Fed Reuters The Hill (blog)
Reuters Business Rallies to Shape Finance Endgame Wall Street Journal Goldman denied it, but the charge hardened antibank, anti- Wall Street , antiderivative sentiment in Congress. Corporate treasurers marshaled by the US … Congress Puts Finishing Touches on Financial Reform TIME US House agrees to put consumer watchdog in Fed Reuters Congress on the verge of passing major new interchange fee reform The Hill (blog) all 524 news articles
Plain Dealer Durbin, Key House Conferees Reach Agreement on Interchange Fees eNews Park Forest Assistant Senate Majority Leader Dick Durbin (D-IL) today announced that an agreement has been reached with key conferees on the Wall Street reform bill … Durbin offers compromise on so-called 'swipe fee' amendment Crain’s Chicago Business all 307 news articles
Kansas City Star Congress and Wall St. Jockey to Put Finishing Touches on Financial Reform TIME Barney Frank addresses the House-Senate Conference Committee meeting on the ” Wall Street Reform and Consumer Protection Act” Congress, led by House Banking … US House agrees to put consumer watchdog in Fed Reuters Reforming Main Street Wall Street Journal all 384 news articles
A look at House, Senate conferees Reuters (press release) Facing a tough reelection battle in Arkansas and under pressure to prove that she was no friend of Wall Street , Lincoln proposed requiring banks to choose … and more
House battle goes on Stuff.co.nz A Waihi Beach couple who almost lost their house in an elaborate scam are still battling to save their home – four years …
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House battle goes on – Stuff.co.nz
Reuters India Tough Wall Street bill seen as lawmakers convene Reuters Its initial meeting came two days after primary elections rewarded candidates who were tough on big Wall Street banks, which have become deeply unpopular … Will The Next Three Weeks Change Wall Street Forever? Huffington Post (blog) Factbox: A look at House, Senate conferees on financial reform CNBC all 1,244 news articles
It’s not often I agree with Ben Bernanke, but this time, in regards to gold, I do. Please consider Bernanke Says Gold, Commodities Conflict on Inflation. U.S. Federal Reserve Chairman Ben S. Bernanke said gold prices, which surged to a record yesterday, are sending a different signal on inflation than raw materials. “Other commodity prices have fallen recently quite severely, including oil prices and food prices,” Bernanke said today in response to a question during testimony to a House …
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Bernanke says "Gold Acting Differently than Rest of Commodities Group" – I Agree; New Mortgage Applications at 13-Year Low
NEW YORK (CNNMoney.com) — After 12 years on the job, Derek Christian tired of selling cleaning supplies at Procter & Gamble and yearned to become an entrepreneur. So in 2007, he acquired My Maid Service, a cleaning company in Lebanon, Ohio, that catered to the needs of an affluent clientele in Cincinnati. The company already had healthy sales of $260,000 a year. But Christian quickly zoomed in on the major obstacle holding back higher revenue: staff turnover. No one grows up wanting to clean houses for a living. My Maid Service’s employees lasted an average of just four months each. That led to customer dissatisfaction, since clients didn’t want a changing cast of cleaners entrusted with their house keys. The turnover rate that first year was 300%, forcing Christian to spend most of his time hiring and training staff. Pay hikes alone didn’t seem to be enough to keep staffers with the company. So Christian brought in a consultant, who helped him come up with an unusual solution: My Maid Service would pay to train its employees for new jobs. Read more.
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Training workers to leave for a better job
(From PRWEB) — Putting a price on carbon pollution and investing in clean technology projects in developing countries could create hundreds of thousands of jobs in the US and help America catch up to China and Europe in the clean energy race, according to a new report issued by World Wildlife Fund. WWF’s report highlights a significant, but rarely discussed, economic angle to the Senate’s deliberations on the American Power Act, which was recently introduced by Senators John Kerry (D-Mass.) and Joe Lieberman (I-Conn.). Unlike the House-passed climate bill, which set aside one percent of revenues from emissions auctions for international clean technology investments, the American Power Act contains no such dedicated funding stream nor a program to guide these public investments. This lack of secure, long-term funding would limit the job-creating potential of the legislation by limiting the opportunities for American companies to export their energy technology to global markets. “We’re leaving jobs on the table that this provision could create,” said Lou Leonard, WWF’s Director of US Climate Policy. “If America wants to have any chance of catching Europe and China in the clean energy race we simply cannot afford to ignore international markets for American clean technologies.” Read more.
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Investing In Clean Energy Projects Abroad is Key to Creating Jobs
This is the End of RICO and the US Global Financial Systems Australia.TO The Senate passes the Wall Street Reform Bill (S. 3217) by a 59-39 vote. If this artificial reform bill is passed by the House, gangbanksters will get …
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This is the End of RICO and the US Global Financial Systems – Australia.TO
Illinois is bankrupt, financially, politically, and morally. When it comes to politicians in jail, Illinois is at the top of the list. The volcano has already erupted, but Illinois just sits, bankrupting companies the state owes money to but has not paid. Please consider Illinois deep in debt, doesn’t pay bills For 35 years, frail senior citizens in southern Illinois could turn to the Shawnee Development Council for help cleaning the house, buying groceries or any of the chores that make the …
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Illinois Doesn’t Pay Bills; Crisis Pushes Businesses to Edge of Bankruptcy
Another day-care provider charged as part of crackdown Milwaukee Journal Sentinel An investigator had been to the house twice that evening and nobody was home , according to the complaint. In addition, Luckett had been recorded on a phone … and more
Who needs to save when your house is your retirement plan? Sound familiar? It should. That is what nearly everyone in the US thought five short years ago. Amazingly, in spite of a mammoth collapse in US home prices, our lovely neighbors to the North seem to think “It’s different in Canada”. With that attitude comes the revelation Canadians’ household debt reaches record levels. Canadians’ debt-to-income ratio now ranks first among 20-advanced countries in the OECD and a new …
No, this is not Mona Vie's site. No, MonaVie doesn't endorse or approve me writing about them. In fact, they'll probably get mad that I'm mentioning them. I don't like MonaVie. I received the following information about multi-level marketing company MonaVie via email from an anonymous source. I have written here about MonaVie in the past , and my opinion is that it is another thinly veiled pyramid scheme with an overpriced product (magic juice) as a front. If you are thinking about getting involved with MonaVie as a distributor, this is the single most important article to read about it . This will give you a good idea of how little money you’re going to make. And you should also take a careful look at the below. Note that I have not verified the accuracy of the assumptions in this article from the anonymous source. You should do your own research on MonaVie prior to making a decision. Written by Anonymous Over the last few years, many people in the direct selling industry have been faced with the surge in juice company sales as the promises of improved health and massive wealth lured in numerous dreamers. As the media exposes the $40 bottles of juice and new lawsuits are pending with such icons as Dr. Oz and Oprah, you have to wonder what is really happening at a privately held company like MonaVie. More importantly, you have to ask yourself, what impact could it have on someone that hears promises of having all of their dreams come true. Check out these questions and review the very recent financial information (Obtained in Feb 2009 from MonaVie’s own finance department) recently discovered. It comes from a very credible source inside the company and is something that the common distributor or customer would never see from a private company. Challenge everything you hear, check all of the claims you hear, make sure you are making good decisions, and remember that in many cases private means secret for a reason! Why isn’t a company like MonaVie a member of the DSA (Direct Selling Association)? These companies are held to higher standards and a code of ethics and are representative of those doing the right thing in this industry. Why do they carefully word their sales tools to claim to be a billion dollar company when their annual sales will be closer to 500 million? Are they purposefully using a cumulative number to represent an annual figure and mislead people? Why do they continue to claim excessive growth in their international markets? Check out the numbers, they tell a dramatically different story as all but one market are declining at a double-digit rate? Information obtained shows that the overall sales for MonaVie will show a decline this year to the tune of a decrease of 18%. MonaVie Associates keep saying to people that business is booming worldwide. Information from someone inside says that as of a week ago, Monavie’s sales rate for the US sales is down 27%. Mexico is down 13%. Canada is off 4%. Australia is off 22% and SG is off 26%. In fairness, they do $1.5 million per week in Japan which is growing at 28%, I would assume the decline will happen in this market very soon just like all of the others. A tactic used by Monavie to “grow” their business is to lure away high-ranking distributors and their entire organizations away from other direct selling companies by promising luxury items like exotic trips, high-end luxury cars, homes, etc. Be aware of the fine print, you will probably be required to pay for these items sometime in the near future! If it sounds too good to be true, guess what, it is! I have been contacted and lured with large sums of money to leave and come to MonaVie. Be careful about the attractiveness of big sums of money. 6 leaders that I know of just lost an arbitration case against our old home at Amway and now owe them 25 million dollars! It’s possible to leave for a quick bag of money, but would you want to have to pay your old employer millions as a result of unethical behavior? http://mlmblog.net/2007/08/orrin-woodwar-3.html Apparently their latest tactic is to dangle exotic cars in front of inexperienced young business hopefuls creating the illusion that everyone can have these cars in their own garage. That’s just not realistic when you consider the high number of people leaving their business. If it were that easy, every one of them would be driving an orange Lamborghini! It’s been said that Dallin Larsen, their CEO, is the one making the offers. Wasn’t the power of the juice sales behind promoting the health benefits and not joining thinking you’ll get a fancy new car? How long can they continue this apparent charade you ask? Good Question! They are a privately held company with their CEO and his team lining their pockets at their distributors expense and the expense of their customers who believe their magical juice has “real” benefits. They are, however, private and this information usually never gets out…. until now. Don’t be fooled by the stories you read and hear about the MonaVie opportunity. An analogy relevant to Monavie is that they are built similar to a house of cards. The north breeze is blowing and the house of cards is beginning to crumble. Be careful how attractive the new car, the trips and the promises of newfound wealth are….all of these material things don’t last very long. It’s hard to pay off the promises when there isn’t a credible product, fair compensation or a company left to stand behind it. How can you sustain your home based business when the company you’re working with has lost almost 30% of it’s business right here in the US, and in only one year! Wonder if my old friends from Amway still think MonaVie was a good decision? Don’t listen to the Pied Piper, he has nice toys, big homes, a nice jet, and a palatial office but what do his Associates have? There are credible publicly held options out there that share their information openly and honestly. Do your research before you become another card on top of the house wobbling with no hope of stability Choose wisely……… Summary of Worldwide Sales Listed from Largest to Smallest 52 week avg. Last 4 Week avg. Change US $9,759,373 $7,085,100 -27.4% JP $1,167,971 $1,495,816 28.1% CA $979,415 $944,195 -3.6% AU $287,164 $223,989 -22.0% SG $223,692 $164,528 -26.4% MX $145,551 $125,850 -13.5% PL $98,068 $98,310 0.2% BR $56,114 $83,680 49.1% IL $41,526 $71,165 71.4% UK $67,034 $64,812 -3.3% FR $20,797 $32,540 56.5% NZ $34,118 $19,394 -43.2% HK $8,367 $8,367 0.0% TOTAL $12,757,845 $10,413,560 -18.4% Is it all you think it is? Is the opportunity rapidly increasing or just the opposite?
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An anonymous source reveals numbers for MonaVie
How some people are screwing over the poor in SLO County and getting away with it New Times SLO This house, like about 100 others, is the remnant of a series of scams that killed dreams of home and land ownership in the valley. …
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How some people are screwing over the poor in SLO County and getting away with it – New Times SLO
Globe and Mail Changing the Way Wall Street Does Business allvoices In response to Republican efforts to block debate on Wall Street reform in the Senate, House Speaker Nancy Pelosi says, “The failure of Republicans to … Execs at Giant Wall Street Firm Grilled Over Fraud Allegations Voice of America Goldman chief denies fraud claim Philadelphia Inquirer Wall Street , bankers, business execs lobby Congress Reuters Taipan Publishing Group
The Hindu Goldman Sachs Fraud Metaphors: Which Ones Are The Best? (POLL) Huffington Post (blog) A Real Estate Broker represents the buyer and the seller and home sale. Broker hires an appraiser to set House Value and the deal is closed with FEES paid. … Like a dodgy car dealer, Goldman Sachs cannot be trusted This is London Goldman Sachs fraud banker Fabrice Tourre bags share of £3.2bn payout Perspicacious all 2,730 news articles
Hickory Daily Record Huffman property previewed at open house Hickory Daily Record If Kinzer's friend — or anyone else, for that matter — buys Huffman's former home , they will have some work to finish on the house. …
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Huffman property previewed at open house – Hickory Daily Record
HAFA Short Sale Program to Prevent Foreclosures Launches Today CBS MoneyWatch.com (blog) There's a potential for fraud , obviously, because you could sell your house to your sister who lets you stay as a tenant — but Treasury officials think they … and more
Reuters White House Slams Karzai for Latest Anti-American Outburst FOXNews The Wall Street Journal reported that Karzai on Saturday told local officials that the Taliban could gain strength if the United States doesn't stop … Karzai accusations against foreigners 'untrue': US Raw Story Karzai lambastes West again: report AFP Karzai Suggests He Could Be Compelled to Join the Taliban DesPardes.com ABC News (blog)
Kansas City Star Karzai lambastes West again: report AFP … Karzai has slammed Western backers for the second time in a week, accusing the United States of interference, The Wall Street Journal reported Sunday. … 'Genuinely Troubling': White House Assails Karzai Comments ABC News (blog) White House calls Karzai comments on United Nations 'genuinely troubling' Daily Caller Turmoil in Afghan political scene UPI.com The Majlis (blog) all 1,889 news articles
Federal student-loan forgiveness options grow Los Angeles Times A common scam these days is for con artists to promise homeowners salvation from foreclosure by taking over their mortgage. The scammers rent out the house …
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Federal student-loan forgiveness options grow – Los Angeles Times
Quick takes for home and garden Rochester Democrat and Chronicle Be firm and do not allow them into your home ; most scam artists work in pairs and while one keeps you busy the other could search your house to steal … and more
CBC.ca 'Genuinely Troubling': White House Assails Karzai Comments ABC News (blog) “I don't talk that way,” Galbraith told the Wall Street Journal. “It's as absurd as his accusation that I and my team perpetrated the fraud to get him … White House calls Karzai comments on United Nations 'genuinely troubling' Daily Caller Turmoil in Afghan political scene UPI.com Gibbs: Karzai's anti-western remarks are troubling WEAR The Majlis (blog) all 990 news articles
Courier-Life Rental scam nearly nabs disabled vet Courier-Life Part of that normalcy was the decision to move closer to his school and her work . The Fraziers thought they had found the house they needed advertised on …
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Rental scam nearly nabs disabled vet – Courier-Life
In an effort to save money, cash-strapped Illinois is pondering 4-day school weeks. Please consider 4-Day School Weeks Might Be Coming In Illinois. State House Has Passed Bill Allowing School Districts To Set Up Shorter Weeks; Mayor Daley Has Doubts. Add an entire school day to the chopping block. State lawmakers want to move financially struggling schools to four day weeks. They say it will save money, and it won’t affect classroom time. The superintendent of one local school district …
Wall Street Reform Must Protect Military, Civilians From Auto Dealer Financing … Common Dreams (press release) Wall Street reform measure only partly closes the auto dealer loophole opened by the version that the House of Representatives passed Dec. 12, 2009. …
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Wall Street Reform Must Protect Military, Civilians From Auto Dealer Financing … – Common Dreams (press release)
Phony utility workers steal $2200 from Oak Park home Pioneer Press Online “One goes to the front and the other goes to the back,” he said. As with the worker scam , one distracts the home owner while the other ransacks the house. and more
ABC Online Privacy, fraud and insulation: the debacle continues ABC Online Mary went home and looked at the envelope again, opened it, and found out her house had also been used by some unscrupulous installation company to claim … and more
Columbus Dispatch Broken fixes: Inspectors find shoddy work in weatherization program Columbus Dispatch An inspector from the weatherization agency tests the house, mobile home or apartment to determine what needs to be done. Hired contractors or crews working …
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Broken fixes: Inspectors find shoddy work in weatherization program – Columbus Dispatch
Please consider this once sentence video clip from House Speaker Nancy Pelosi. http://www.youtube.com/watch?v=KoE1R-xH5To “We have to pass the health care bill so that you can find out what is in it.” That unfortunately is the sad state of affairs, not just with healthcare, but with virtually any bill passed by Congress. The only people who know what is in these bills are the lobbyists who write them. Mike “Mish” …
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Pelosi: We have to pass the health care bill so that you can find out what is in it
White House Seizes On Goldman Sachs Report Of Health Premiums Rising Huffington Post (blog) The problem is that we are terrified of letting “the system” work , allow it to actually break, whether it's health care or banking or what have you. … and more
Contractor's scam leads to Habitat for Humanity donation Chambersburg Public Opinion The property was donated to the local Habitat chapter after a contractor hired to do renovation work scammed the property owner and left the house in …
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Contractor’s scam leads to Habitat for Humanity donation – Chambersburg Public Opinion
CBC.ca Obama steps up health care pressure Boston Globe But they are equally concerned about going home empty-handed, with no health care bill to show for their work . Many want to focus on jobs, which Democrats … White House Healthcare Reform Summit: No Losers The IN VIVO Blog (blog) Obama's Letter to Congressional Leaders: We're Almost There Century Foundation Freethought San Marcos: Why health insurance reform is an essential government … The San Marcos Mercury Telegraph.co.uk (blog)
CBC.ca Obama to Congress: Finish Your Work Insurance Networking News President Obama made it clear today that he plans to drive home his health care reform with the use of a relatively unfamiliar procedure created in 1974 to … Obama's Letter to Congressional Leaders: We're Almost There Century Foundation White House Healthcare Reform Summit: No Losers The IN VIVO Blog (blog) Nancy Pelosi: 'A for effort' – elections tell The Swamp (blog) msnbc.com