Tuesday, 19 October 2010 09:29 Tuesday, 19 October 2010 09:08 You wanted concrete proof of widespread lost mortgage documentation? Feast your eyes upon this. A foreclosure lawyer sent sent this little beauty by email last night. I had no idea the market was so robust for missing mortgage documents. And apparently there is inflation within the foreclosure fabrication circles. Prices to replace missing documents keep going up...;-) Tuesday, 19 October 2010 08:54 'The sale of meat and milk from the offspring of cloned farm animals is set to be backed by EU Commissioners despite mass consumer opposition. A huge majority of the public is against clone animal farming, according to studies in Britain and across Europe. Concerns surround the ethics of the process, the welfare of the animals and a lack of research on food safety. However, a leaked report to be discussed by the EU’s College of Commissioners today comes out in favour of food from the offspring of clones.' Read more: EU to Back Sale of Meat and Milk from Cloned Animal Offspring Tuesday, 19 October 2010 08:04 'While the new study is breaking, the history of aspartame being a carcinogen has always been known. Aspartame was known to cause cancer from the beginning. On August 1, 1985 FDA toxicologist, Dr. Adrian Gross, told Congress that at least one of Searle's studies "has established beyond ANY REASONABLE DOUBT that aspartame is capable of inducing brain tumors in experimental animals and that this predisposition of it is of extremely high significance. ... In view of these indications that the cancer causing potential of aspartame is a matter that had been established WAY BEYOND ANY REASONABLE DOUBT, one can ask: What is the reason for the apparent refusal by the FDA to invoke for this food additive the so-called Delaney Amendment to the Food, Drug and Cosmetic Act?" ' Read more: Study Proves Aspartame Causes Lung And Liver Cancer Tuesday, 19 October 2010 07:31 'Nearly a dozen major banks and hedge funds, anticipating quick profits from homeowners who fall behind on property taxes, are quietly plowing hundreds of millions of dollars into businesses that collect the debts, tack on escalating fees and threaten to foreclose on the homes of those who fail to pay. The Wall Street investors, which include Bank of America and JPMorgan Chase & Co., have purchased from local governments the right to collect delinquent taxes on several hundred thousand properties, many in distressed housing markets, the Huffington Post Investigative Fund has found.' Tuesday, 19 October 2010 06:52 'Unchecked greed and financial insanity on Wall Street crashed our economy. Much of that insanity was legal -- bankers lobbied hard for weak regulations, and got what they paid for. But much of that craziness was outright illegal, and in recent months, a number of shocking scams have come to light that could result in huge fines for banks or even put bankers behind bars. Though Wall Street has yet to see serious prosecutions for the current calamity, prosecutions are not at all uncommon after financial crises -- more than 1,000 bankers went to prison after the savings and loan debacle alone. From laundering drug money to scamming you on overdrafts, here are five recent Wall Street scandals that have "illegal" written all over them. The SEC is attempting to settle civil fraud charges it has filed in many of these cases, but in finance, the only difference between civil fraud and criminal fraud is the burden of proof. If the Justice Department wanted to go after many of these crooked dealers, it could.' Read more: Five Outright Illegal Scams That Should Put Wall St. Bankers Behind Bars Tuesday, 19 October 2010 06:32 'Wall Street has raised its voice against any government moratorium on foreclosures, even as evidence mounts that banks systematically and illegally falsified documents in order to expedite hundreds of thousands, or even millions, of foreclosures. Documented examples of abuse include banks hiring contractors and what one Goldman Sachs executive referred to as “Burger King kids” to process thousands of foreclosure documents per week, all the while declaring to courts they were familiar with the cases. Lenders also falsified signatures, notary stamps, and tossed legal documents into the garbage. Every major bank is implicated in the widening scandal.' Read more: Wall Street, White House Blame Homeowners in Foreclosure Crisis Tuesday, 19 October 2010 05:53 'Bank of America says it plans to lift its freeze on more than 100,000 foreclosure cases in 23 US states next week when it begins resubmitting foreclosure documents to courts in those states. After halting foreclosures earlier this month on questions of faulty paperwork, the United States' largest mortgage provider says it will resubmit documents in 102,000 foreclosure cases in states that require a judge's approval to restart the foreclosure process, the The Washington Post reported on Monday.'It is easier to find a score of men wise enough to discover the truth than to find one intrepid enough, in the face of opposition, to stand up for it. ~
A.A. Hodge
Tuesday, 19 October 2010
Posts
