Damages From Libor Could Reach Tens of Billions

By: Wednesday September 5, 2012 12:29 pm

Libor has sort of faded into the background as an issue because of the salience of the political campaign, but investors burned by the rate-rigging scandal still see it as a fertile opportunity to collect. That’s probably the extent of the damage that the banks will feel for rigging the benchmark interest rate, but some [...]

Governors Ask EPA to Suspend Corn-Based Ethanol Mandate

By: Thursday August 16, 2012 12:54 pm

Four states have asked the EPA to waive the renewable fuels standard that forces the nation to generate more corn-based ethanol at a time of significant drought and a corn shortage. The states all have Democratic Governors, though two of them come from the South. The worst drought in 50 years has sent corn prices [...]

Tens of Thousands of Federal Employees to Get Layoff Notices Right Before Election

By: Friday July 27, 2012 7:35 am

The fight over the automatic trigger cuts, which will take place at the end of the year without Congressional action, took an interesting turn this week. The Senate passed a bill that will force the Obama Administration to provide details on how they will implement the cuts. This bill has already passed the House with [...]

Polling: President Has Failed on Housing, Wall Street Accountability

By: Wednesday May 16, 2012 6:28 am

The issues of housing policy and Wall Street criminality have not appeared at the top of the agenda in the Presidential campaign, certainly not among horse race journalists. But new polling shows that this is a major challenge for the President, who is viewed as having failed on housing and foreclosure policy, and as too [...]

Activists Want DNC Convention to Move out of North Carolina After Amendment One Passage

By: Wednesday May 9, 2012 6:58 am

As you know, North Carolina passed Amendment One, a constitutional amendment initiative that not only puts the existing ban on same-sex marriage in the state constitution, but will also ban civil unions and domestic partnerships and could actually make things difficult for heterosexual couples that co-habitate. Despite – or perhaps because of – confusion about [...]

Registers of Deeds’ Work Gets Newfound Attention

By: Monday March 26, 2012 12:44 pm

Visit msnbc.com for breaking news, world news, and news about the economy Last Friday, Rachel Maddow featured Jeff Thigpen the courageous register of deeds in Guilford County, North Carolina, who has sued MERS and leading banks over faulty documents filed at his office. Rachel calls it an “exclusive” though I had the Thigpen lawsuit for [...]

Rep. Brad Miller Won’t Run for Congress Again

By: Thursday January 26, 2012 6:55 am

This is really bad news. The redistricting map in North Carolina was particularly brutal to Democrats. Though they have a Democratic governor, Bev Perdue, she plays no formal role in the process, and the heavily Republican legislature gerrymandered the maps to within an inch of their life. A state that will be a swing state [...]

Heroic Registers of Deeds Battling Mortgage Fraud

By: Thursday May 5, 2011 12:13 pm

Federal regulators simply aren’t that interested in investigating foreclosure fraud and laying down the appropriate punishments. Tom Miller is too busy deflecting criticism about massive campaign contributions from the banking sector to run a proper state-based investigation. So it’s actually come down to the registers of deeds – the unassuming public servants working in county [...]

North Carolina Register of Deeds Seeks Money from MERS for Unrecorded Mortgage Transfers

By: Thursday March 3, 2011 8:35 am

Given the reluctance for criminal prosecutions at the state and federal level over foreclosure fraud, whatever meaningful sanctions that result will have to come from the courts, or from investors seeking putbacks. And those will only be monetary, though they have the potential to be crippling. That has been true for some time. But there’s [...]

Veto Only Removes One Hurdle to Accountability for Foreclosure Fraud

By: Friday October 8, 2010 7:25 am

The Daily Show With Jon StewartMon – Thurs 11p / 10cForeclosure Crisiswww.thedailyshow.comDaily Show Full EpisodesPolitical HumorRally to Restore Sanity The system actually did work yesterday. Bank lobbyists managed to swiftly get an innocuous-seeming, confusing but potentially debilitating bill through Congress, and were about to get laws made that could stave off the worst hits to [...]

More States Want Foreclosure Moratorium, as the Lenders Fight Back

By: Wednesday October 6, 2010 9:40 am

Roy Cooper, the Attorney General, has asked for a moratorium on foreclosures in North Carolina. “If mortgage companies are using potentially unlawful practices to push through foreclosures in North Carolina, that needs to stop,” Cooper said in a prepared statement. “Foreclosures have to happen when people don’t pay, but homeowners deserve a fair shot at [...]

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