Taxpayers To Help Pay JPMorgan’s Fine For Causing 2008 Financial Crisis

By: Wednesday October 23, 2013 5:51 am

Feeling generous? You should because you are about to help pay for JPMorgan’s $13 billion fine for causing the 2008 financial crisis. According to tax experts the money JPMorgan will be paying to the government ($9 billion) and to wronged customers ($4 billion) can be written off as a “business expense.” In other words, JPMorgan [...]

JPMorgan To Pay $13 Billion For Causing 2008 Financial Crisis

By: Monday October 21, 2013 8:02 am

The financial meltdown in 2008 was not the result of ethereal and enigmatic forces, it was the result of fraud in the financial markets. That truth was initially hidden by politicians, regulators, banks, and the bought priesthood of mainstream economics. But despite all the lies, the day of reckoning has finally arrived for one of [...]

Bank Contractors Have Broken Into Hundreds Of The Wrong Homes

By: Friday October 4, 2013 8:30 am

If it were not bad enough that the Wall Street banks engaged in a nationwide crime spree known as fraudclosure to cover up their lack of documentation, now it has been revealed that the contractors hired by the banksters have been breaking into hundreds of the wrong homes. Fed up with what they claim is a [...]

Lawsuit Reveals Wall Street Banks Lied Because They Couldn’t Prove Ownership

By: Tuesday August 13, 2013 8:15 am

The unsealing of a lawsuit has let a big cat out of the bag vis-à-vis the housing crisis. Many wondered why the banks were engaging in fraudclosure or the creation of fraudulent documents to foreclose on homeowners. There were various speculations but thanks to FDL alum David Dayen one of the theories just got a lot [...]

Woman Trying To Get Belongings Back After Bank Forecloses On Wrong House

By: Tuesday July 30, 2013 7:34 am

If only it was the first time. A woman in Ohio is trying to get her possessions back after a bank broke into her house and stole them. The bank had the wrong address but still broke in and took her belongings. An Vinton County woman is looking to get her belongings back after a [...]

Bank of America Gave Bonuses to Foreclose on Clients, Lied To Homeowners

By: Wednesday June 19, 2013 5:58 am

Another heartwarming Bank of America story. The latest story is courtesy of one of those much maligned whistle-blowers who saw something and said something. In this case the whistle-blower disclosed that the Too Big To Fail/Jail bank had a bonus system setup encouraging foreclosure on desperate homeowners. Bank of America (BAC) rewarded staff with cash [...]

Wells Fargo Forecloses On Homeowner For Making Early Mortgage Payments

By: Wednesday May 22, 2013 11:15 am

As Occupy Our Homes demonstrates at the Department of Justice the fraudclosure crisis continues unabated. A Florida family man who not only made his mortgage payments on time but made payments early faces foreclosure by Wells Fargo. The explanation for initiating the foreclosure proceedings by Wells Fargo is nothing short of amazing and offers a [...]

Federal Reserve Admits Fraudclosure Victims Being Shortchanged

By: Thursday May 9, 2013 7:53 am

After handing out trillions of dollars to Wall Street – which we only know about due to a Bloomberg News lawsuit the Fed fought – the Federal Reserve announced victims of fraudulent foreclosure practices were being shortchanged. A multi-bank settlement with regulators over past foreclosure abuses ran into new problems when some borrowers received smaller [...]

Fraudclosure Settlement Checks Sent To Victims Bounce

By: Thursday April 18, 2013 6:08 am

Adding insult to injury, many of the checks sent out to victims from the fraudclosure settlement have bounced. The terms of the fraudclosure settlement are bad enough but now it seems the victims will have to wait a little longer after trying to deposit their meager, grossly insufficient check only to have it bounce. It [...]

The Fraudclosure Settlement Is Even Worse Than You Think It Is

By: Thursday April 11, 2013 8:43 am

Visit for breaking news, world news, and news about the economy Life, liberty, and property. These were in theory the founding principles of the republic. But as President Obama meets today with the the Big Banksters to plot his latest attacks on Social Security and Medicare, it seems property rights still only exist for [...]

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