Category Archives: Bank of America
FIGHT BANKS, GO TO JAIL–OR BE KILLED?
So let’s see…Mary McCulley fights US Bank–wins $6 million–but goes to jail on dubious charges. Other bank fighters are facing the same possible fate, as previously mentioned in a story from almost exactly 6 months ago: “LOS ANGELES, Calif. – … Continue reading
WHAT “RECOVERY?” WHO CAN AFFORD ANYTHING?
Scene: a typical American coffee shop. We see two casually-dressed friends sitting at a table, talking quietly and drinking a cup of joe. We notice one has a “grande” while the other has a “tall.” Suddenly we hear loud guffawing … Continue reading
BANK OF AMERICA’S $4 BILLION “ACCOUNTING ERROR”
Saw the story of Bank of America’s “accounting error” a few days ago and muttered something to myself about how they’ll just get away with this accounting fraud just like they’re getting away with the foreclosure fraud. After all, it’s … Continue reading
MERS: DYING A SLOW, PAINFUL DEATH?
In a bombshell story about Ginnie Mae and Bank of America–which is a big deal unto itself–Yves Smith brings in the following about MERS (Mortgage Electronic Registration Systems), which is the cornerstone of the securitization fail (Smith quotes Bloomberg): “As … Continue reading
BANK SAYS: IF YOU BELIEVE BANKS LEND DEPOSITS, YOU ARE WRONG
This is NOT an April Fool’s prank. Indeed, the Bank of England wants you to understand that when it comes to money creation, everything you “know” is wrong (cross-posted at The Air Standard)… In its recent press release, the BoE … Continue reading
BILL BUTLER: FORECLOSURE FRAUD AND SECURITIZATION IN A (VERY PRECISE) NUTSHELL
Some great articles by Bill Butler at Liberty Law, who knows a thing or two about securitization and foreclosure fraud, as he won one of the first (if not the first) lawsuits over securitization in 1996. Butler has been railroaded … Continue reading
BANKS UPSET NO ONE WANTS TO SIGN A MORTGAGE WITH THEM…
…and with good reason. You can’t trust these banks! Everybody know this by now. Bank of America is concerned that mortgage applications are down: “Bank of America Merrill Lynch (BAC) analysts just emailed a research note reminding clients they feel … Continue reading
SO EITHER THE NOTICE OF SALE OR THE DEED OF TRUST IS BS…
…that’s what this substitute trustee’s notice of sale in a Mississippi newspaper seems to say. Here’s the ad (I’d link to it, but it will be gone by the end of the day): “ Substitute Trustee’s Notice of Sale STATE … Continue reading
NO MORE DIRTY DEEDS: MANTOR FOR SAN DIEGO COUNTY RECORDER
Neil Garfield writes today about George Mantor’s intention to run for San Diego County recorder: “Mantor is aiming straight for his issue by running for the Recorder’s Position. I think his aim is right and he seems to get the … Continue reading