Capt. Jack's Blog - Foreclosure Hamlet

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Added by Capt. Jack on May 5, 2011 at 1:23pm — 3 Comments

Have lying mortgage bankers met their match?

Colin Barr 5/4/2011 - CNNMoney

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How fitting that when Wall Street finally takes a hit after years of mortgage malpractice, the stick is called the False Claims Act.

If there is one thing that's never in short supply in banking circles, after all, it is false claims. Internet…

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Added by Capt. Jack on May 5, 2011 at 10:35am — No Comments

Due To "Triple Damages" Under False Claims Act, Deutsche Bank Damages May Total More Than $1 Billion - Full Lawsuit Attached

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Step aside Goldman Sachs, welcome Deutsche Bank: "This is a civil mortgage fraud lawsuit brought by the United States against Deutsche Bank and MortgageIT. As set forth below, Deutsche Bank…

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Added by Capt. Jack on May 3, 2011 at 11:08am — 1 Comment

R.I. Foreclosure Eviction Violates Tenants' Rights

AOL Original By Sheree R. Curry | Posted Apr 20th 2011 10:19AM

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When is a… Continue

Added by Capt. Jack on April 20, 2011 at 12:44pm — No Comments

There’s Another Crisis Coming as Long as Banks Remain Above the Law: Bill Black

The Daily Ticker - By Peter Gorenstein | Daily Ticker – 34 minutes ago

There’s Another Crisis Coming as Long as Banks Remain Above the Law: Bill Black

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A federal jury convicted Lee Farkas, the former Chairman of Taylor, Bean &…

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Added by Capt. Jack on April 20, 2011 at 12:20pm — No Comments

Jury convicts exec in $3B mortgage fraud case

By MATTHEW BARAKAT, AP Business Writer Matthew Barakat, Ap Business Writer – 29 mins ago

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ALEXANDRIA, Va. – A jury on Tuesday convicted the majority owner of what had been one of the…

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Added by Capt. Jack on April 19, 2011 at 8:09pm — No Comments

Goldman Sachs and Executive Charged With Fraud

Monday 18 April 2011 by: Greg Gordon, McClatchy Newspapers

Goldman Sachs and Executive Charged With Fraud

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Washington - The Securities and Exchange Commission Friday charged Goldman Sachs & Co. and one of its executives with fraud in a risky offshore deal backed by subprime mortgages that cost investors more than $1 billion.

The SEC also contends…

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Added by Capt. Jack on April 18, 2011 at 7:03pm — 1 Comment

Bob Kerr: A cruel attempt to put a family on the street (Providence Journal 4/17/2011)

From The Providence Sunday Journal by Bob Kerr (bkerr@projo.com)

You can’t do it this way. You can’t just show up at a family’s door and tell them to get out with no notice. It’s thuggery.

But it almost happened. If…

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Added by Capt. Jack on April 18, 2011 at 5:40pm — 3 Comments

Blankfein May Consider Stepping Down at Goldman, N.Y. Times Says

By James Kraus - Apr 18, 2011 12:37 AM ET Bloomberg

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Goldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd Blankfein may consider stepping down because of fatigue from guiding the bank through the financial crisis, the New York Times reported,…

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Added by Capt. Jack on April 18, 2011 at 9:19am — No Comments

Greed, Lies and MBS: “There’s No Question Goldman Did Exactly What Sen. Levin Said,” Cohan Says

From the "Daily Ticker"…

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Added by Capt. Jack on April 14, 2011 at 4:06pm — 1 Comment

U.S. judge to sanction LPS for lying to court - Reuters 4/13/2011

U.S. judge to sanction LPS for lying to court

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Shares of LPS fell 3.2 percent on Wednesday to $30.19 and are down 17 percent over the last 12 months.

LPS has confirmed that a federal criminal investigation has been pending, relating to a now-closed subsidiary that allegedly forged signatures on large numbers of…

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Added by Capt. Jack on April 14, 2011 at 9:41am — No Comments

The foreclosure mess isn’t going away (Swat Team Heroically Evicts Grandma - Video)

From Yahoo News "The Lookout". By Zachary Roth.

The foreclosure mess isn’t going away

Grab your vomit bags and give this one a good swift click.

Added by Capt. Jack on April 5, 2011 at 10:19am — No Comments

Deutsche Banker Suspended For Taunting Protestors With A £10 From His Office Window

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A Deutsche banker has been suspended after TV reporters caught him taunting protestors who were demonstrating against the National Health Service in London last week.

According Here is the City, a group of Deutsche bankers were captured at the window of the firm's…

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Added by Capt. Jack on March 14, 2011 at 12:12pm — 1 Comment

OOPs! Where does this go?

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Daniel Mudd, the former CEO of Fannie Mae got a Wells notice from the SEC on Friday. I have been waiting years for this to happen. There is a good reason this action is so late in coming. This case could open the door for culpability of the Federal Government in the collapse of the US mortgage agencies.

The Wells notice is a very significant ratchet up of…

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Added by Capt. Jack on March 12, 2011 at 10:22am — 1 Comment

Indymac Boys Get Sweetheart Deal

Added by Capt. Jack on March 9, 2011 at 9:51am — No Comments

Judges accused of 'predetermining' foreclosure cases

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A lawyer accuses District Judge Donald Mosley and other judges of "predetermining" the outcome in foreclosure disputes in favor of the lenders, according to an appeal filed with the Nevada Supreme Court.

In the process, they have made a "mockery" of a program designed to rescue distressed…

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Added by Capt. Jack on February 22, 2011 at 3:57pm — No Comments

Issa demands details on Countrywide's VIP loan program

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By Peter Schroeder - 02/16/11 06:31 PM ET

Bank of America will have to turn over all documents and records tied to Countrywide Financial's VIP lending program after House Oversight Committee Chairman Darrell Issa (R-Calif.) issued a subpoena for them…

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Added by Capt. Jack on February 17, 2011 at 7:53am — 1 Comment

Per Chris Whalen, Wells Fargo's CFO Quit Due To An Internal Dispute Over Financial Disclosures

Zero Hedge Link

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Last week, the CFO of Wells Fargo suddenly resigned for "personal reasons" and was immediately replaced by CAO Tim Sloan. The departure was promptly buried, and everyone moved on. Not so fast, says Institutional Risk Analytics' Chris Whalen, who speculated that there is much more here than meets the eye. In a…

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Added by Capt. Jack on February 16, 2011 at 12:30pm — No Comments