Foreclosure Fraud: Tough Issues With Which to Grapple

Martin Andelman of Mandelman Matters has another insightful post. Just in case you’re one of those not yet at risk of foreclosure, and therefore don’t think that what you’re hearing about today impacts you, I can assure you that you’ll change your mind about that soon enough, because as it stands the fraud perpetrated here is going to impact everyone …

TIME TO BREAK UP THE TOO-BIG-TO-FAIL BANKS?

Via Web of Debt, by Ellen Brown Looming losses from the mortgage scandal dubbed “foreclosuregate” may qualify as the sort of systemic risk that, under the new financial reform bill, warrants the breakup of the too-big-to-fail banks. The Kanjorski amendment allows federal regulators to pre-emptively break up large financial institutions that—for any reason—pose a threat to U.S. financial or economic …

Masaccio: Foreclosure Fraud Isn’t Mere Paperwork

Via Naked Capitalism. By masaccio, first posted at FireDogLake. Yves here. Note that masaccio uses “indorsed” when laypeople would use “endorsed”. For some weird reason, in bankruptcy matters, the term of art is “indorse”. To masaccio’s post: The administration and the banks want you to believe that there is nothing more to foreclosure fraud than just mere paperwork. I point out here …