Foreclosure Fraud, Rocket Dockets, Senior Judges and Judicial Bonuses

Where is the OUTRAGE??? If what I am about to present below, that was released by the Florida Bar News last week, does not infuriate you more than any other post that I have published, then I do not know what will… If everyone who reads this takes a stand and says no more, the … Continue reading

Open Letter to Louis Ranieri, Father of Mortgage Backed Securities – Solving America’s Foreclosure Crisis

An open letter to Louis Ranieri* My name is Michael Olenick.  I’m the founder and owner of Legalprise, Inc.  We work for foreclosure defense lawyers.  Their clients face the same wall that yours do, from the same people, mortgage servicers who – using the verbiage defining right from wrong in our local courts – “[have] … Continue reading

Fair Game – In the Mortgage Drama, One Role Is Enough – Gretchen Morgenson

Enter Mr. Miller’s bill, the Mortgage Servicing Conflict of Interest Elimination Act. It bars servicers of first loans they do not own from holding any other mortgages on the same. ~ “Unless we can make servicers modify mortgages through bankruptcy or eminent domain, the servicers are not going to reduce principle,” ~ “Their stance does … Continue reading

An August Surprise from Obama? Rumors – Administration is About to Order Government-Controlled Lenders Fannie Mae and Freddie Mac to Forgive Portion of Mortgage Debt

An August Surprise from Obama? James Pethokoukis Political Risk Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of … Continue reading

How We Ended the Great Recession – White Paper on The Great Depression 2.0

I found this little gem over at washington’s blog And Alan Blinder (economist, banking consultant and former Vice Chairman of the Board of Governors of the Federal Reserve System) and chief Moody’s economist Mark Zandi wrote a paper yesterday called How We Ended the Great Recession: A source on Capitol Hill sent this to me, … Continue reading

Shocking – Goldman Sachs Documents List Financial Institutions with Whom Goldman Had Hedged The Risk of its Exposure to an AIG Default

“It’s as if the New York Fed used A.I.G. as a front man to bail out big banks all over the world,” Mr. Grassley said in a statement. “It took nearly two years for the public to learn these details, and they only were revealed because Congress wouldn’t take no for an answer. Taxpayers deserve … Continue reading

SIGTARP Report to Congress – Governmental Efforts to Stabilize Economy Increased 23% to $3.7 Trillion Over Past Year

Check out the full report below… ~ 4closureFraud.org ~ SIGTARP Quarterly Report to Congress – July 2010 Click link to view

Really? KnowYourOptions.com – The Federal National Mortgage Association (Fannie Mae) Just Spent $50,000 (of basically your money) on New Domain Name

Cant seem to find the original source on this but there are quite a few sites reporting that Fannie Mae just spent $50,000 (of basically your money) on a new domain name last week; ~ KnowYourOptions.com ~ Domain Name………. knowyouroptions.com Creation Date…….. 1997-09-10 Registration Date…. 2010-06-22 Expiry Date………. 2011-09-10 Organisation Name…. Fannie Mae Organisation Address. 3900 Wisconsin Avenue NW Organisation Address. Organisation Address. Washington Organisation Address. 20016 Organisation Address. DC Organisation Address. UNITED STATES Admin Name……….. Fannie Mae Tech and Admin Contact Admin Address…….. 3900 Wisconsin Avenue NW Admin Address…….. Admin Address…….. Washington Admin Address…….. 20016 Admin Address…….. DC Admin Address…….. UNITED STATES … Continue reading

Is Justice Dead?

Commentary George W. Mantor RISMEDIA, June 15, 2010—“Judge W. H. Mantor Commits Act of Shooting Self in Fit of Insanity at His Home.” So read the headline from an article in the February 7, 1919 issue of the Brainerd Dispatch Newspaper reporting the circumstances of my grandfather’s merge with the infinite. It went on to … Continue reading

House for Free? Don’t get Caught in that Trap – That is Not Your Goal

Posted on May 19, 2010 by Neil Garfield I’m probably partly to blame for this notion so I want to correct it. The goal is NOT to get your house for free, although that COULD be the result, as we have seen in a few hundred cases. The simple answer is “No Judge I am … Continue reading

How Main Street has Destroyed Wall Street

How Main Street has Destroyed Wall Street Posted by Capt. Jack I guess now would be a good time to shoot the greedy homeowners. It’s crystal clear. From the very beginning the homeowners have gamed the system. They started by tricking the property appraiser (lender’s agent) into submitting an outcome-based appraisal. Then, millions of homeowners … Continue reading

A Judge Judging Himself: Judicial Recusal

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… Enjoy! I don’t know how else to express my frustration with some–not all, of the mortgage lenders in my court… Why do I cite these institutions to you? Freddie Mac, Fannie Mae, AIG and the Lehman … Continue reading

Fascinating Report on the Housing and Economic Crisis and Why There Is More Pain to Come

From the Report The collapse of the U.S. housing market, the world’s largest debt market, is the defining economic event of our lifetimes. This presentation explores what happened and why, where we are today, and what the future likely holds. What Happened? For the Second Half of the 20thCentury, Housing Was a Stable Investment …And … Continue reading

2BG2FAIL – Ultimate Banksters License Plate

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… Enjoy! PRICELESS (no pun intended) This banksters license plate says it all…

Fair Game – Freddie Mac’s Loss is Ignored in Washington

Fair Game Ignoring the Elephant in the Bailout By GRETCHEN MORGENSON Published: May 7, 2010 IF you blinked, you might have missed the ugly first-quarter report last week from Freddie Mac, the mortgage finance giant that, along with its sister Fannie Mae, soldiers on as one of the financial world’s biggest wards of the state. … Continue reading