BP Admits To Spilling Even More Oil In Lake Michigan

By: Friday March 28, 2014 8:05 am

Not surprisingly, BP is still spilling oil all over America. A thoroughly predictable outcome given the near-complete pass they received after the Gulf Coast spill. This time it is one of America’s Great Lakes that is being polluted by BP’s reckless behavior, Lake Michigan. Lake Michigan is the source of drinking water for 7 million [...]

Goldman Sachs Makes Bad Trades, Wants Money Back

By: Wednesday August 21, 2013 8:35 am

When things don’t go your way it is really a learning experience – life is like that sometimes. We all have to accept that life isn’t fair and sometimes we lose despite what we think should happen – oh, unless we are Goldman Sachs. I forgot the life is funny sometimes speech is for the [...]

State Attorney Generals Schneiderman and Coakley Call For DeMarco To Go

By: Wednesday April 3, 2013 11:04 am

New York Attorney General Eric Schneiderman and Massachusetts Attorney General Martha Coakley have called for Federal Housing Finance Agency head and notorious Wall Street puppet Edward DeMarco to be removed from office. In an op-ed in Politico, Schneiderman and Coakley join a long line of critics noting DeMarco’s commitment to screwing homeowners. Last week, we [...]

In Seeking Waiver, BofA Admits They Violated Numerous Laws

By: Wednesday August 3, 2011 8:10 am

The foreclosure fraud settlement has been predicted as coming in “a matter of weeks” for I think about 5 months now. I don’t see it coming at all, so it’s not entirely smart to jump on every rumor of a deal or a settlement. But Shahien Nasiripour’s story about a side deal with Bank of [...]

WaPo Constructs Morality Play of Homeowners, Instead of Mortgage Lenders

By: Wednesday October 20, 2010 8:00 am

Brady Dennis of the Washington Post brings up the spectre of moral hazard on the part of homeowners, who may not pay for their loans if they see the turmoil in the housing market and the inability of servicers to foreclose. This is one of the unintended consequences of the spreading foreclosure freeze. Although there [...]

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