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Colin Barr 5/4/2011 - CNNMoney
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…Continue
Added by Capt. Jack on May 5, 2011 at 10:35am — No Comments
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…Continue
AOL Original By Sheree R. Curry | Posted Apr 20th 2011 10:19AM
$nip>When is a… Continue
Added by Capt. Jack on April 20, 2011 at 12:44pm — No Comments
The Daily Ticker - By Peter Gorenstein | Daily Ticker – 34 minutes ago
A federal jury convicted Lee Farkas, the former Chairman of Taylor, Bean &…Continue
Added by Capt. Jack on April 20, 2011 at 12:20pm — No Comments
By MATTHEW BARAKAT, AP Business Writer Matthew Barakat, Ap Business Writer – 29 mins ago
ALEXANDRIA, Va. – A jury on Tuesday convicted the majority owner of what had been one of the…Continue
Added by Capt. Jack on April 19, 2011 at 8:09pm — No Comments
Monday 18 April 2011 by: Greg Gordon, McClatchy Newspapers
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…Continue
From The Providence Sunday Journal by Bob Kerr (firstname.lastname@example.org)
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…Continue
By James Kraus - Apr 18, 2011 12:37 AM ET Bloomberg
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,…Continue
Added by Capt. Jack on April 18, 2011 at 9:19am — No Comments
From the "Daily Ticker"…Continue
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…Continue
Added by Capt. Jack on April 14, 2011 at 9:41am — No Comments
From Yahoo News "The Lookout". By Zachary Roth.
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
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…Continue
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…Continue
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…Continue
Added by Capt. Jack on February 22, 2011 at 3:57pm — No Comments
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…Continue
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…Continue
Added by Capt. Jack on February 16, 2011 at 12:30pm — No Comments
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